Home Equity Line of Credit (HELOC)

Home Equity Line of Credit at Delta Community Credit Union

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.

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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.

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

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.

Learn More About a HELOC

  • 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.