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 / Loans / Home / Home Equity Line of Credit
 

Home Equity Line of Credit

Delta Community’s Home Equity Line of Credit (HELOC) is a revolving line of credit that uses your home as collateral. Members who apply and receive a HELOC are approved for a specific amount of credit.

What is it?

A Home Equity Line of Credit is an adjustable rate loan. It's a great option for homeowners who have enough equity established in their home and need to tap into it for major expenses such as tuition, a new car or major home improvements.

Who is this product right for?

Someone who would like to tap into a line of credit using their home as collateral and would like to take advantage of lower interest rates.

Loan Rates

Please click here for up-to-date rates

Who is this product right for?

Someone who would like to tap into a line of credit using their home as collateral and would like to take advantage of lower interest rates.

Related Articles

  • What is a Home Equity Line of Credit (HELOC)
  • What is a Home Equity Line of Credit?

    A Home Equity Line of Credit is a revolving line of credit secured by the equity in your home. This loan allows you to have a line of credit based on the equity in your property. Advances of credit may be used for whatever you desire.

    Delta Community CU offers first and second mortgages in the following states:

    • Alabama
    • California
    • District of Columbia (DC)
    • Florida
    • Georgia
    • Indiana
    • Kentucky
    • Minnesota
    • New York
    • North Carolina
    • Ohio
    • South Carolina
    • Tennessee
    • Texas
    • Utah
    • Virginia


    *Delta Community CU may approve loans greater than $250,000.

  • Adding on to Home Equity Loan
  • How can I add additional funds to my existing Home Equity Loan?
    To apply for an increase and add more money to your existing Home Equity Loan, you may apply online. For addtional information about Home Equity loans, click here. You may always submit your questions online by sending a secure message from the Message Center or call 1-800-544-3328 or 404-715-4725.



  • Joint owner apply for home equity loan
  • Can a joint owner on a 1st Mortgage apply for a Home Equity Loan? If so, does the joint owner on the 1st Mortgage already need to be a member with Delta Community CU? In order for the joint property owner to be able to apply for a Home Equity Loan, they will have to be on the Mortgage Deed and they have to be a member of Delta Community CU with their own Primary Savings Account. All property owners are required to sign closing documents.

  • Adding person to Home Equity Loan without being a joint owner
  • Can the person who is on a deed be included on the Home Equity Loan without becoming a joint owner?

    Yes, a person on a deed can be included on the Home Equity Loan without becoming a joint owner on the member's account.

  • Ordering checks for my Home Equity Line of Credit
  • How do I order more checks for my Home Equity Line of Credit?
    You may place your order by selecting one of the following:
    • Submit a message by accessing the secure Message Center through Online Banking
    • Fax the request to 770-632-8829, Attn. Real Estate General Servicing Department
    • Submit by US mail to: Delta Community CU, Attn. Real Estate General Servicing, PO Box 3289, Peachtree City, GA 30269

Ready to apply?

It doesn’t take long to apply online, and you might even receive an instant approval based on your credit report. Simply click here to start the application, or contact us at 1-800-544-3328.
 
Please click here to find the location and contact information for all of our  Home Loan Specialists.

 

Who is this product right for?

Someone who would like to tap into a line of credit using their home as collateral and would like to take advantage of lower interest rates.

 
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