There's a Reason Mom Borrows Here:
Special HELOC Intro Rate
HVFCU has helped thousands of members just like you and mother's like Margaret get the most out of their home's equity. While everyone's needs are different, a home equity can be a great resource for home renovations, unexpected expenses, or even starting a business. The equity in your home can even be a valuable investment in your family's future - like paying for your child's education!
If You're Interested in an Interest Only Home Equity Like Margaret, our HELOC has:
- No closing costs,2 which saves you hundreds of dollars.
- Variable rate line of credit.1 Pay nothing unless you use your line.
- Financing up to $250,000 (borrow up to 100% of your home, townhouse, or condo’s appraised value, less your first mortgage).1
- No application fee.
- Tax advantages for most. Interest may be tax deductible. Check with your tax advisor for eligibility.
Our HELOC not right for you? We offer additional home equity options -- choose the one that's right for you
1The introductory rate will be in effect the first 6 billing cycles after your account is opened, whether or not funds have been advanced from your account during that time. Thereafter, the rate, including the rate on any existing balance, will convert to the applicable Variable Rate. Rate is as low as stated. Rate is based on an evaluation of applicant credit and total amount financed. Total amount financed is based on evaluation of applicant credit, appraised value, and existing liens (LTV). Maximum loan amount for TLTV 90.01% - 100% is $100,000. Your rate and total amount financed may vary from the stated rate and maximum financing. The stated rate is discounted by .25% and includes a requirement that the loan payments are automatically transferred from your savings, checking, or tiered money market account for the life of the loan. The monthly payment is not decreased as a result of this discounted rate. Maximum rate is 18%. Rate information is accurate as of 03/14/2019 and is subject to change. Visit hvfcu.org for current rates. This offer is not guaranteed if your account is not in good standing and if you do not meet our credit criteria, including providing acceptable property for collateral. Offer may be withdrawn at any time.
2Closing costs associated with this product are waived, provided loan is maintained for a minimum of three years. HVFCU will pay for property appraisal, credit report, flood certification, attorney fee, mortgage tax, recording fee, and title search. Homeowner’s insurance required. Borrower is also responsible for title insurance for loans over $150,000; and for flood insurance (if applicable).