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Home Equity Line of Credit

Use your biggest asset as more than a place to live

Take advantage of the equity you’ve built up in your home and borrow against that money for other purposes now or in the future.

Unlimited possibilities

A lot of people think home equity lines of credit are just for home improvement projects, but you can do a lot more with it than that. The flexible access makes it perfect for projects or purchases that require money over time - like paying for a wedding, covering college expenses, reducing debts or simply having more flexibility in your budget. And with Addition Financial’s low rates, it’s a more affordable type of credit than most credit cards.

Use it Now + Use it Later

Because a Home Equity Line of Credit (HELOC) is an open-ended revolving line of credit, you only have to apply once and you can access your available funds whenever you need them. You can borrow, repay and borrow again as many times as you’d like throughout the life of your loan. That means you’ll have the financial flexibility to achieve a variety of goals over years to come.

  • 35-year term (20-year draw period with a final 15-year repayment period)
  • Minimum loan amount $10,000; maximum loan amount $500,000
  • Variable rate based on Wall Street Journal prime + a margin
  • Interest paid may be tax-deductible*
  • Primary residence or second homes only (no condos or investment properties)
  • Addition Financial will pay up to $1,000 in closing costs**

Why Addition Financial?

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Get Stuff Done

Powerful anytime account management tools.

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Money Smarts

School yourself with free financial know-how.

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Deals + Discounts

Save money on the things you like to do with our SaveTopia app.

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Flexible funding. Affordable rates.

Start checking things off your to-do list or your wish list with a Home Equity Line of Credit.
  1. 1
    Review eligibility

    Anyone who lives, works, worships, volunteers or attends school in 22 select counties may join. View our "Become a Member" page for full eligibility.

  2. 2
    Complete loan application

    When you’re ready, complete the online application or visit your branch to apply in person.

  3. 3
    Get your loan

    Start using your line of credit.

 

Get your learn on

Think of us as your personal financial guru, partner and coach for wherever life’s journey takes you. To help you live your best life, we offer money management tools, financial literacy seminars and expert advice that’s easy to understand. Start making every moment (and every penny) count.

*Consult your tax advisor for details.

**The appraisal fee will be collected at the time of application. If the loan does not close, the borrower will be responsible for the cost of the appraisal. Borrower agrees to keep loan with Addition Financial for 36 months or borrower will repay closing costs paid by Addition Financial.