HELOC:
Borrow when you need it with a Home Equity Line of Credit
No Closing Costs! Home Equity Line of Credit:
Planning a renovation? Need to pay off high-interest debt? Worried about tuition? Costly medical bills to repay? A HELOC can help.
Borrowed against the equity in your home, HELOC’s often offer lower interest rates. From a financial planning standpoint, it’s best suited for long-term, ongoing expenses.
No application fee
No annual fees
Request more information:
Contact our lending team at 765-962-3172 Ext 301 or send an inquiry using the form below.
Terms: Minimum loan of $10,000, maximum loan of $50,000. The term is 20 years, consisting of a 5-year draw period with interest-only payments followed by a 15-year repayment period, requiring principal and interest payments. This will likely increase your monthly payment during the repayment period. HCP Credit Union reserves the right to modify or end this offer at any time. Additional terms and conditions may apply. Subject to credit approval. Credit Union Membership Required. Rates are based on an evaluation of credit history, combined loan-to-value ratio, loan term, and occupancy, so your rate may differ. Not all applicants will qualify for the lowest rates. APR as low as 8.50% as of 2/19/2024. Interest rate is variable. Maximum APR that may be imposed under the plan is 18%. If you cancel or terminate your line of credit within the first 36 months of the date of funding, you will be assessed a prepayment /termination fee of $500.00. Interest will be charged at a variable APR based upon the Prime rate as published in the Wall Street Journal plus a margin.