Fund your next project or adventure
Make it happen with a home equity line of credit (HELOC)
Why a HELOC?
HELOCs are secured by the equity in your home, and typically have a lower interest rate than unsecured credit lines. Plus, you don't have to pay interest on funds that you are not using.
Home improvement benefit: If you use the credit line to improve your home, the interest you pay may be tax-deductible. Consult a tax professional.

Home equity loan vs. HELOC
Home equity loanBest when you need the full amount right away |
Home equity line of credit (HELOC)Best if your needs could change over time |
|
---|---|---|
Rate type | Fixed rate | Adjustable rate |
Payments | Fixed monthly payment | Variable monthly payments based upon how much you borrow |
Access to funds | Receive your loan in one lump sum | Borrow what you need, when you need it |
Apply now | Apply now |
Rate type |
Payments |
Access to funds |
Home equity loanBest when you need the full amount right away |
---|
Rate type |
Fixed rate |
Payments |
Fixed monthly payment |
Access to funds |
Receive your loan in one lump sum |
Apply now |
Home equity line of credit (HELOC)Best if your needs could change over time |
---|
Rate type |
Adjustable rate |
Payments |
Variable monthly payments based upon how much you borrow |
Access to funds |
Borrow what you need, when you need it |
Apply now |
What to expect
1
Apply
Create an account and complete our easy, online application.2
Get a decision
We’ll review your application and let you know if you’ve been approved within 5-7 business days.*3
Use the funds
If approved, you’ll have access to the funds within 30 business days† to start your project!*Loan decisions may take longer if additional documentation is required to prove creditworthiness.
†Deposits may take longer if we cannot verify your account information.
Global Credit Union home equity loans and lines of credit are available in Alaska, Arizona, California, Idaho, or Washington states only. Residence must be detached single-family home, duplex, or zero-lot-line that meets certain criteria. Home equity loans and lines of credit may provide tax savings through interest payment reduction (see your tax advisor).
Alternatives to home equity loans
We're here to help
Unsure if a HELOC is the right fit for you?
Fill out our form, and our real estate experts will reach out to discuss your unique needs and guide you towards the best financial decision.
Let us help you unlock your home's potential!
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