Home Equity Loans

$0 Closing Cost for a Home Equity Line of Credit

boy and his dad building a tree house

Use the equity in your home for home improvement projects, large purchases, pay for education, pay off high interest debt, or just have for a rainy day. For a limited time, you can get a home equity line of credit for $0 closing costs*.

Interest Rates Certified by Datatrac

HELOC (Home Equity Line of Credit)

Do you own a home and need money for home improvements, education expenses, or a special vacation? Why not put your home to work for you with a Home Equity Line of Credit (HELOC) or Home Equity Loan.

Using the equity in your home is a smart way to borrow. You have the advantages of a lower rate than a personal loan, and the interest may be 100% tax deductible.*

A HELOC is an open-ended loan that allows you to draw on your funds when you need them. As you pay back the loan, that money in the line of credit becomes available again for future use without having to reapply. A HELOC is perfect for an emergency fund, last-minute projects, or paying large expenses like home remodeling projects, college tuition, or bill consolidation.

  • Quick and easy application process
  • No prepayment penalty

*Home Equity Lines of Credit (HELOCs) – Annual Percentage Rate (APR) is variable and based on a range of -1.00% below Prime to 4.00% above Prime as listed in the Wall Street Journal as of the last business day of each month. As the Prime Rate changes, the APR on your account will also change. The APR may vary depending upon each individual’s credit history, credit line, loan-to-value (LTV) and underwriting factors, currently ranging from 3.00% – 7.50%. The minimum APR that can be applied is 3.00%, and maximum APR that can be applied is 18.00%. An annual inactivity fee of $50 may apply. For HELOCs, MyUSA will waive the closing cost associated with the loan. If borrower cancels loan application while in process or chooses to not close the loan upon approval (regardless of approved amount), the borrower/member will be responsible for reimbursement of the closing cost (including appraisal, flood cert, title search, and recording fees). Offer valid only on Primary, Owner Occupied residence. Additional fees may be required for loans over 80% and are the financial responsibility of the borrower. 

Home Equity Loan

Borrow a fixed amount and repay it over fixed a period of time. You can also make payments quickly and easily through Online / Mobile Banking.

* Check with your tax adviser for possible tax benefit.