Home Equity Line of Credit(HELOC)

Tap into your home equity and access funds as needed!

Man and woman completing a home improvement project in their home. They are happy and working with a ladder and painting.

Borrow, Repay and Borrow again, with a Premium Home Equity Line of Credit.

Whether you're envisioning home improvements, managing unexpected emergencies, consolidating high-interest debt, or funding other significant life expenses, our HELOC provides the financial solution you've been seeking.

Maximize Your Equity

With real estate values at an all-time high, you may have more equity in your home than ever before. Our HELOC allows you to tap into this equity and access funds as needed, giving you financial flexibility.

Flexible Financing

Unlike traditional loans, a HELOC lets you borrow only what you need, when you need it. Whether it's home repairs, improvements, emergencies, or other expenses, our HELOC has you covered.

Low Costs, High Benefits

We believe in rewarding our members. That's why we waive all fees if your loan amount exceeds $50,000 in new money¹. Plus, with competitive interest rates as low as 7.00% APR ², you can borrow with confidence.

Discover the HY WOW! difference for yourself!

We are dedicated to being your partner through life's ups and downs, ready to do whatever is necessary to guide and support you. Our success comes from our members achieving financial stability and unstoppable growth.

The HY WOW! Difference

Membership Eligibility

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How do I apply for a Premium Home Equity Line of Credit?

Complete Application

Apply online at your convenience by clicking the button below, or visit any of our branches to apply in person.
Connect with our Team

Our team will contact you to discuss your HELOC loan details and address any questions you may have.
Application Decision

Upon completion, you'll have access to your HELOC funds, so you can start tackling projects and achieving your financial goals.

Frequently Asked Questions

How long does it take to get approved for this loan?

Once your application is complete, our team will connect with you to answer any questions you have and discuss the next steps. Our team is dedicated to making your experience as simple and efficient as possible.

Can I see if I am qualified before applying?

We are happy to consult with you to clarify your questions and discuss your potential for a loan approval, as well as share the specific loan requirements. In order to receive a final loan decision, it is necessary to complete an application and submit the required documents for evaluation.

How does the HELOC work?

The Home Equity Line of Credit (HELOC) is a 20-year loan that includes a 5-year draw period. During the draw period, you can borrow funds as needed, and your monthly payment is based on the amount borrowed, amortized over the full 20-year term. Once the 5-year draw period ends, no additional draws are allowed. At that point, the outstanding balance will be re-amortized and repaid over the remaining 15 years of the loan term.