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 / Loans / Home Loans / Home Equity Line of Credit
 

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) 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 and can use the funds available anytime during the life of the loan.

What Is a Home Equity Line of Credit?

A Home Equity Line of Credit, also known as a HELOC, is an adjustable rate loan that borrows from the available equity in your home and uses the home as collateral for the line of credit.

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 home and need to tap into it for major expenses such as tuition, a new car or major home improvements.

Home Equity Line of Credit Features

  • Offers a variable interest rate
  • Funds available on an as-needed basis
  • Extended period of time during which you can borrow
  • Use checks to pay for expenses
  • Available credit replenishes as you pay off the outstanding balance during the life of the loan
  • Competitive home equity line of credit 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.

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.

Find the Best Home Equity Line of Credit for Your Needs

Use the funds from a Delta Community Credit Union Home Equity Line of Credit whenever and wherever you need it. Increase the value of your home through home improvement projects or consolidate high-interest rate debt on your credit card or auto loan. Whatever your goals, we’re here to help.

View Our Home Loan Rates and More:

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
    • Maryland
    • Minnesota
    • New York
    • North Carolina
    • Ohio
    • South Carolina
    • Tennessee
    • Texas
    • Utah
    • Virginia
    *Delta Community CU may approve loans greater than $250,000.




  • 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.

  • 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 additional information about Home Equity loans, click here. You may always submit your questions online by sending a secure message from your Secure Email within Online Banking located under Alerts and Notifications or call 1-800-544-3328 or 404-715-4725.





  • Refinance mortgage and borrow from equity in my home
  • I would like to refinance my first mortgage and borrow some of the equity I currently have in my home. How can I do this?
    For inquiries regarding the purchase or refinance of a home you can access the mortgage rates and the application online by clicking here.

Apply Now for Your Home Equity Line of Credit

Apply for a Home Equity Line of Credit and you might even receive an instant approval based on your credit report.

Have Home Financing or Other Mortgage Questions?

We provide several options to help you get the answers you need. Contact us at 1-800-544-3328 to speak to one of our Home Loan Specialists that is closest to you. We look forward to speaking with you soon.

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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