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
- Primary residence or second homes only (no condos or investment properties)
- Interest paid may be tax-deductible*
Flexible funding. Affordable rates.
Start checking things off your to-do list or your wish list with a Home Equity Line of Credit.
- Review eligibility
Anyone who lives, works, worships, attends school or vocational training, or is an alum of any college, university, or educational institution located in one of our select counties may join.
- Complete loan application
When you’re ready, complete the online application or visit your branch to apply in person.
- Make sure you have everything you need.
Start using your line of credit.
*Consult your tax adviser for details.
Mortgage Rates
First-Lien HELOC
As low as
Second-Lien HELOC
As low as
Calculate Your Mortgage
Make informed decisions about your home financing with our suite of mortgage calculators. Whether you're a first-time homebuyer or exploring HELOC options, our calculators help you estimate costs, and plan confidently for the future. Take the guesswork out of home financing and start planning your next move today!
Limited-time HELOC
Open a Home Equity Line of Credit at 5.250% APR* for the first six months. Afterwards variable rate as low as 6.500% APR currently Prime Rate minus 1%, not to exceed 18.00% APR.
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