Home Equity Line of Credit

Why get a Home Equity Line of Credit?

Open it now, use it whenever

Get approved for a credit limit, then withdraw funds as you need them and pay it back over time. You'll only pay interest on what you use. Perfect for projects, education and as a source of emergency funds.

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Applications Apply Online

Loan Type Variable Interest Rate

Credit Type Revolving

Here’s what you need to apply

Current pay stub or 2 years of tax returns
Warranty deed showing legal description
Homeowners insurance
Document showing current balance of mortgage
If you’re refinancing: payoff statement

Questions? Contact Us

Here’s what to expect

1

Apply Online

Have your documents handy. Feel free to call or stop by a branch if you need help.

2

Access Your Credit Line

Withdraw funds as you need them. Use your loan to remodel, consolidate debt or pay for something else.

3

Make Online Payments

As you pay back your loan, more credit becomes available. Set up automatic payments online to free up credit again.

Beth at Credit Union of Georgia did a HELOC for my husband and I recently. We were so extremely happy with her promptness, professionalism, & customer service. We have been members for over 18 years and couldn’t imagine being with a different bank. Thank you Beth for making this transaction so seamless and easy for us!

Nikki L.

Apply online, and have access to a line of credit whenever you need it.

Start Application

The fine print

*Annual Percentage Rate. All loans are subject to credit approval. Some restrictions may apply. Actual loan rate is dependent upon the date the loan is closed. Members are required to have a minimum of a $10 Share Account. Estimated monthly payment per $1,000 is based on the as low as rate quoted, rate will be determined based on an evaluation of the members credit history. Qualification is based on an assessment of individual creditworthiness and our underwriting standards. Program, rates, terms, and conditions are subject to change without further notice. Contact Credit Union of Georgia directly at 678-486-1111 for current rates, terms, and conditions. **HELOC and TLOC are adjustable rate loans with the rate being based on the WSJ Prime Rate. The WSJ Prime Rate is currently 8.50% as of 07/27/2023. ***Loan to Value. HELOCs require a minimum of $100 payment per month for up to 180 months.

Home Equity Lines of Credit Rates

Rates Effective as of: 12-26-2024

Home Equity Lines of Credit (HELOC)

Type of Loan

APR*

Estimated Monthly Payment Per $1,000

70% or less Loan to Value

as low as 7.25%**

$9.13 per $1,000

70.01%-80.00% or less Loan to Value

as low as 7.50%**

$9.27 per $1,000

80.01% - 85.00% Loan to Value

as low as 9.50%**

$10.44 per $1,000

85.01% - 90.00% Loan to Value

as low as 13.00%**

$12.65 per $1,000

90.01%-100.00% Loan to Value

as low as 14.75%**

$13.83 per $1,000

*Annual Percentage Rate. All loans are subject to credit approval. Some restrictions may apply. Actual loan rate is dependent upon the date the loan is closed. Members are required to have a minimum of a $10 Share Account. Estimated monthly payment per $1,000 is based on the as low as rate quoted for a term of 180 months, rate will be determined based on an evaluation of the members credit history. Qualification is based on an assessment of individual creditworthiness and our underwriting standards. Program, rates, terms, and conditions are subject to change without further notice. Contact Credit Union of Georgia directly at 678-486-1111 for current rates, terms, and conditions.
**HELOC and TLOC are adjustable-rate loans with the rate being based on the WSJ Prime Rate. The WSJ Prime Rate is currently 7.5%.
HELOCs require a minimum of $100 payment per month for up to 180 months.

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