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Economic Impact Payments (Stimulus Payments) have been posted to members’ accounts as of Monday, January 4. Members still awaiting payment should check the IRS website for more information. If you have further questions, contact our Member Care Center at 800-544-3328.

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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.

Apply Now for a Home Equity Line of Credit

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 $250,000

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.