Home Equity Line of Credit (HELOC)

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Apply for a Home Equity Line of Credit

Enjoy flexible access to funds and competitive rates backed by your home’s equity. Apply for a Home Equity Line of Credit today and unlock financial options that work on your timeline.

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AS LOW AS

6.643%

apr*

*Annual Percentage Rate

Loan Type	Rate*	Points	APR**	Example Loan	Monthly Payment***	effective date
Variable Rate HELOC (Primary Residence)	6.500% - 8.750%	0.000%	6.583% - 8.845%	$50,000	Interest Only	5/22/2026
Variable Rate HELOC (Second Home)	7.500% - 9.750%	0.000%	7.588% - 9.851%	$50,000	Interest Only	5/22/2026
Variable Rate HELOC (Investment Home)	8.500% - 10.750%	0.000%	8.593% - 10.857%	$50,000	Interest Only	5/22/2026
Fixed Rate Advance (Primary Residence)	6.500% - 8.750%	0.000%	6.583% - 8.845%	$50,000	$372.79 - $1,031.86	5/22/2026
Fixed Rate Advance (Second Home)	7.500% - 9.750%	0.000%	7.588% - 9.851%	$50,000	$402.80 - $1,056.21	5/22/2026
Fixed Rate Advance (Investment Home)	8.500% - 10.750%	0.000%	8.593% - 10.857%	$50,000	$433.91 - $1,080.90	5/22/2026

What is a Home Equity Line of Credit (HELOC)?

A Home Equity Line of Credit (HELOC) lets you borrow against the equity in your home through a flexible line of credit. You can access funds as needed, repay what you borrow, and reuse the credit up to your approved limit.

What Can a HELOC Be Used For?

Whether you are planning home improvements, covering a major expense, or looking to manage high‑interest credit card debt, WECU is here to help with a flexible Home Equity Line of Credit (HELOC) designed to fit your needs.

Upgrade Your Home

Looking to remodel your kitchen? Put on an addition? Refresh your landscaping? WECU's home equity loans and HELOCs are here to help.

Find Out How

Buy Something Big

Getting ready for a wedding? Planning that dream vacation you've always wanted? WECU's HELOCs and home equity loans can help!

See Why

Consolidate Your Debt

Stressed out with credit card debt? WECU’s HELOCs and home equity loans can help!

Learn More

Features & Benefits

Flexible

Loan proceeds can be used for a variety of purposes, including home improvements, medical expenses, or consolidating higher‑interest debt.

Variable

Interest rates are variable, so monthly payments may adjust over time as market rates change.

Ownership-Based

The loan amount takes into account the equity you've built, which is the difference between your home’s value and what you still owe on your mortgage.

Frequently Asked Questions

How exactly does a HELOC work?

A HELOC is a revolving line of credit that lets you borrow against the equity in your home. You can draw funds as needed during the draw period, repay what you use, and often borrow again up to your approved limit.

How long does it take to get a HELOC?

The timeline can vary, but many HELOCs are approved and funded within a few weeks. The process depends on factors such as your financial information, home valuation, and how quickly documentation is completed.

Is a HELOC a second mortgage?

In most cases, yes. A HELOC is typically added to an existing mortgage, making it a second mortgage with its own term and payments. In some situations—such as when there is no current mortgage or the HELOC replaces one—it may serve as the primary loan.

How do I access HELOC funds?

Once your HELOC is open, you can access funds by transferring money to your account, writing checks, or using other access methods provided by your lender. You only pay interest on the amount you actually use, not the full credit line.

What do I need to get a HELOC?

You need enough available equity in your home, strong credit, and stable income that supports repayment. Lenders also review your home’s value, mortgage balance, and overall debt‑to‑income ratio during the application process.

Apply for a HELOC or Fixed Rate Home Equity Loan

The process is simple and straightforward.

A home equity line of credit (HELOC) affords homeowners the flexibility and freedom to borrow funds over time as needed.

Fixed rate home equity loans can help fund or finance a specific project or purchase.

A two-story house with a blue exterior and white trim.

Unlock Your Rental Property's Value

As a landlord, you know the value of your rental property. Now you can use that value to get the funds needed to make improvements, expand your portfolio, or cover unexpected expenses. Our home equity line of credit for landlords offer competitive rates and flexible terms to fit your unique needs. Apply today and start making the most of your rental property's equity!

Apply Now

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Need a Hand?

Watch our on-demand home improvement webinar to learn more about starting a home improvement project with information about budgeting, the contracting process, and more.

Watch Now

† Minimum HELOC amount is $15,000. Minimum advance to lock in rate is $5,000.

§ Available for 1-4 unit residential properties in Washington.

The information provided on this page is for comparative purposes only. Rates and terms may change at any time and without prior notice. Your actual rate, payment, terms, and costs could be different. Get an official Loan Estimate before choosing a loan. Your rate, fees, and terms may differ based on when your rate is locked, actual occupancy status, loan purpose, loan amount, credit score, debt to income ratio, loan to value ratio, etc. All home lending products, including mortgage, home equity loans and home equity lines of credit, are subject to credit and collateral approval.

The payment examples do not include mortgage insurance, amounts for taxes, and insurance premiums. The actual payment will be higher if mortgage insurance is required on your loan. Your actual payment obligation will be greater considering taxes and insurance premiums. An initial borrower deposit may be required if an escrow account for taxes and insurance is established.

There may be additional loan options (not available online) for your specific loan type, including USDA, depending on loan amount, occupancy, number of units, loan to value and purpose. Please call us at 800-525-8703 x7390 or TTY 800-833-6388 to discuss additional options or click Team page to make an appointment with a Mortgage Advisor.

Adjustable Rate Mortgage Disclosure

Consumer Handbook on Adjustable Rate Mortgages

HELOC Important Terms

What You Should Know About Home Equity Lines of Credit

NMLS ID 401041
WECU real estate products are available only for properties located within Washington State.

Home Equity Line of Credit (HELOC)

Apply for a Home Equity Line of Credit

Home Equity Line of Credit Rates

What is a Home Equity Line of Credit (HELOC)?