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Home Equity Line of Credit (HELOC)

A Flexible Home Loan Option

Competitive Credit Union Home Loan Rates and Payment Options

Need funds now for a large expense or want to have cash ready for a future project? Delta Community's Home Equity Line of Credit (HELOC) may be a great option for you. A HELOC is an easy and quick way to access money for special projects or unexpected life events.

Don’t miss out on our special limited-time, money-saving offer! Apply for an Equity Loan or Line of Credit now through October 31, 2023 and pay NO closing fees1 for a limited time. Contact a member of our Home Loan Team today at 866-963-7811 (Select Option 1) or apply below.

Apply Now for Home Equity Line of Credit (HELOC)

Overview & Benefits

What Is a Home Equity Line of Credit?

A Home Equity Line of Credit, also known as a HELOC, is a variable-rate line of credit that uses your home as collateral. Members who apply for and receive a HELOC are approved for a specific amount of credit and can use the funds on an ongoing basis as needed.

Variable rates are based on the Prime Rate that is determined by the Federal Reserve. As the Prime Rate increases or decreases so will the rate which affects your monthly payment.

What Is an Interest-Only Home Equity Line of Credit?

An Interest-Only Home Equity Line of Credit requires a monthly minimum payment of the interest your loan has accrued, or $100, whichever is greater. Monthly payments are typically lower with an interest-only loan; however, your principle balance will remain the same until you make additional payments for principle.

Home Equity Line of Credit Features

  • Offers a variable interest rate, based on the Prime Rate
  • Borrow money when you need it up to your maximum credit limit
  • Available credit revolves as you pay off the outstanding balance during the life of the loan
  • No application fee
  • Maximum loan amount of $350,000

What Can I Use a Home Equity Line of Credit For?

Almost anything. It's a great option for homeowners who have enough equity established in their homes and need to tap into it for major expenses such as tuition, a new car or major home improvements.

Home Equity Loans

If you’re exploring lending options using the equity in your home, you may also want to check out our Home Equity Loans. Once you understand the similarities and differences of Home Equity Loans and Lines, you’ll be able to decide which is best for you.

Apply Now

Apply Now for Your Home Equity Line of Credit

To apply for a Home Equity Line of Credit online, simply choose a Home Loan Specialist to get started. If you have questions or want to speak with a Home Loan Specialist over the phone, contact us toll-free at 866-963-7811 to get the answers you need.

1. Offer valid for Home Equity Lines of Credit and Home Equity Loans applied for between August 15 – October 31, 2023. Borrower will be responsible for prepaid interest, taxes, insurance (including state intangible tax where required) and attorney fees where required by state law to be paid by borrower.

Routing Number: 261071315

NMLS Number: 401141

Customer Support: 800-544-3328

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