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Home Equity Line of Credit

Home Equity Line of Credit - HELOC

Use the equity in your home to get a low-rate Line of Credit from Washtenaw Federal Credit Union. Members can use these funds for any purpose from home improvements to college tuition, debt consolidation or even a dream vacation. Your credit limit replenishes as you make payments, and funds are ready when you need them.

Applying for a HELOC

If you are interested in applying for a Home Equity Line of Credit, we suggest our members contact us or apply online. A few things to keep in mind:

  • No Application Fee
  • No Annual Fee
  • No Closing Costs
  • $175 appraisal fee is refunded at closing if the loan is approved and consummated.
  • Variable rate based on the Prime Rate with 0% Margin. Rate adjusts quarterly.
  • There is a floor rate of 5.00% currently in effect.
  • Interest may be tax deductible.
  • Up to 95% Loan-To-Value available.
  • 10 year draw period, followed by 10 year repayment period.
  • Low monthly payments based on current balance.
  • Advances available via online transfer, convenience checks, or in person at WFCU.

We invite you apply online, call us at (734) 484-5100 or visit us at one of our local Washtenaw County credit union branches to discuss Home Equity Line of Credit options with one of our experts.

Please Note: interest rates for Home Equity Line of Credit are based on credit and other factors.

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