Home Equity Line of Credit (HELOC)
Whether you’re planning to update one room or renovate your entire home, a Seasons Federal Credit Union Home Equity Line of Credit is perfect for all your home improvement projects. You're able to borrow from your home as a line of credit, similar to borrowing with a credit card. You can borrow what you need, as you need it, up until you reach your credit limit. Apply for your Credit Union HELOC today.
Home Equity Line of Credit Rates
as low as
7.75% APR*
Ready to apply for your HELOC?
It only takes a few minutes. Start your application today!
View Home Equity Lines of Credit rate information.
What is a Home Equity Line of Credit?
A home equity line of credit or HELOC is a revolving, variable-rate line of credit secured by your home’s equity/collateral. The amount you borrow is based on the difference between the amount you owe on your home and its market value. You can use the money whenever you need it, with no fixed schedule. If you’re approved, you can withdraw what you need from your home equity line of credit (HELOC), when you need it, and only make payments on the funds you withdraw.
Use your HELOC for:
- Remodeling or repairing your home
- Paying for educational expenses
- Taking a vacation
- Debt consolidation
- Updating your landscaping
- Personal start-up businesses
Home Equity Line of Credit (HELOC) Benefits
- Great low rates
- No closing/origination fees
- No required balance or annual fee
- Interest paid may be tax deductible*
- Only pay interest on the part that’s used
- Unused funds are available for later use
- Convenient access to your HELOC through Online Banking & Mobile Banking
- And more!
*Consult a tax advisor.
Looking for help paying your home equity line of credit (HELOC)?
Upload Home Equity Line of Credit Documents
Seasons Federal Credit Union makes it a priority to ensure your personal and financial information is protected. In this day and age of conducting business electronically, it is important that sensitive documents are sent securely.
For this reason, Seasons Federal Credit Union provides a secure online method to safely send sensitive documents directly to us using Docusign. Based on the type of documents that you need to send to us, please utilize the corresponding link below to upload your sensitive files and/or documents to us.
Upload documents or files pertaining to your Mortgage, Home Equity Loan, or Home Equity Line of Credit.
Make an appointment with our team in the branches!
Do you have questions about your account? Do you need to apply for a home equity line of credit (HELOC) or a credit card?
If you schedule an appointment online, you can choose the time and date that works best for your schedule to come into a branch. You can avoid waiting in the lobby when you need financial help.
Home Equity Lines of Credit (HELOC)
Home Equity Line of Credit Rates in CT
| Term | APR | Assumptions |
|---|---|---|
| Up to 80% (Loan to Value) | as low as 7.75% | Platinum credit and loan amount for $25,000 |
- Your rate will be determined by your credit report.
- Rates on Home Equity Line of Credits will be increased by 0.50% if line amount is less than $25,000.00
- Variable Rate is based on The Wall Street Journal Prime Rate as of the last business day of the previous billing cycle. Prime Rate is currently 8.00%. Prime minus 0.25% = 7.75% APR.
- Minimum APR 7.75%, Maximum APR 18.00%
- Property and/or flood insurance required.
*APR=Annual Percentage Rate. Rates effective 07/27/2023. Rates are subject to change. All loan requests subject to credit approval. Actual rate and term based on creditworthiness of borrower and percentage of loan-to-value; rates subject to change without notice. The minimum interest rate for a Home Equity Line of Credit is the Prime Rate 8.50% - 0.25% = a minimum floor of 8.25% APR and a maximum rate of 18% APR. HELOC rate shown is based on up to 80% LTV for all applicants with credit score 700 or higher. Please contact a SFCU representative for additional information; consult your tax advisor about the possible deductibility of interest.
Seasons Federal Credit Union NMLS ID# 441485
Seasons Federal Credit Union Loan Officer's NMLS ID Information (PDF)