Home Equity Line of Credit

HELOC Special

For a limited time, AdventHealth Credit Union (AHCU) is offering a special on fixed-rate Home Equity Lines of Credit.

  • Fixed-rate as low as 6.99% APR*
  • No Closing Costs**

Put Your Home’s Equity to Work For You

A Home Equity Line of Credit (HELOC) is a revolving line of credit, allowing you to withdraw funds as you need them and pay interest only on the balance withdrawn (borrowed). As you pay back the borrowed balance, your available line increases. Because the loan is secured by the equity in your home, it offers a lower rate than traditional unsecured lines of credit. You can utilize HELOC funds for:

  • Home renovations or repairs
  • Debt consolidation
  • Medical expenses
  • Vacation and travel
  • Education expenses
  • Emergency funds
  • Anything you need funds for

Features of the AHCU HELOC

  • No closing costs**
  • Borrow up to 80% of your home’s equity
  • Credit lines up to $250,000
  • 10-year draw period
  • 15-year repayment period
  • Important terms of the Home Equity Line of Credit

    AdventHealth CU NMLS# 365069

    *Can not be combined with any other discounts or offers. Offer is subject to change without notice. Other restrictions may apply. Requires a minimum draw of $10,000 at funding. Must have a direct deposit of $1,500.00 per month to an AHCU checking account. Rates vary by credit criteria and loan-to-value ratio. If loan is paid in full within 36 months, borrower will be responsible to pay closing cost recapture.

    **Borrower is responsible for prepaid items including interest, taxes, and insurance, if applicable. If loan is paid in full within 36 months, borrower will be responsible to pay closing cost recapture. Offer is subject to credit union membership, credit approval and verification of information provided on application. The interest rates, APRs and closing costs are subject to change without notice. Some restrictions may apply.

    Variable-Rate Home Equity Line of Credit (HELOC) is based on the Wall Street Journal Prime Rate. Rates vary based on creditworthiness and Loan-to-Value (LTV) ratio. Additional adjustments may be applicable based upon credit history, property value, mortgage product, property type or other factors. The interest rate shown here is available to borrowers with an excellent credit history. The minimum ANNUAL PERCENTAGE RATE at any time is 4.00%.The maximum ANNUAL PERCENTAGE RATE at any time is 18.00%

    Maximum rate and payment examples: If you had an outstanding balance of $10,000.00 during the draw period, the minimum payment at the maximum ANNUAL PERCENTAGE RATE of 18.00% would be $150.42. This Annual Percentage Rate could be reached during the 1st month of the draw period. If you had an outstanding balance of $10,000.00 during the repayment period, the minimum payment at the maximum ANNUAL PERCENTAGE RATE of 18.00% would be $161.06. This Annual Percentage Rate could be reached during the 1st month of the repayment period..