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.
What to expect after you apply:
We want you to feel prepared as you navigate this application process. Download this checklist to learn about what you'll need to have on-hand once you've hit "submit".
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
Primary residence or second homes only (no condos or investment properties)
Interest paid may be tax-deductible*
Addition Financial will pay up to $1,000 in closing costs**
*Consult your tax adviser 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.
Why Addition Financial?
Get Stuff Done
Powerful anytime account management tools.
School yourself with free financial know-how.
Deals + Discounts
Save money on the things you like to do with our exclusive member discounts.
Flexible funding. Affordable rates.
Start checking things off your to-do list or your wish list with a Home Equity Line of Credit.
Anyone who lives, works, worships or attends school in 24 select counties may join. View our "Become a Member" page for full eligibility.
2Complete loan application
When you’re ready, complete the online application or visit your branch to apply in person.
3Get 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.