Home Equity Line of Credit

Home Equity Line of Credit

Need more room for the family? Recreate your space with a WECU® HELOC.

Planning some home improvement projects? Treat yourself to new colors in your home, or escape to somewhere exciting with a no fee, no closing cost* WECU® Home Equity Loan! Apply online anytime using our secure application.

Highlights of a Home Equity Line of Credit at WECU:

  • Low fees
  • No annual fee
  • Your home serves as collateral
  • Borrow up to 80% of the value of your home (rate depends on % of documented value)
  • Tax deductible interest (consult your tax advisor to see if you qualify)
  • Fast approval process
  • Automatic payment options
  • Easy access to your loan accounts via E-Max online banking and Tele-Max phone banking

The Nuts and Bolts of a Home Equity Line of Credit at WECU:

A WECU® Home Equity Loan can also be used to help fund whatever your dreams may be. Now you can borrow up to 80% of the value of your home for:

  • Finances: debt consolidation, medical expenses, taxes
  • Home Improvement
  • Transportation: new car, SUV, truck, motorcycle or bicycle
  • Dreams-come-true: wedding, honeymoon, dream vacation, Boat, RV or any other project or idea you have in mind!

* Loan amount, rates, and repayment period are subject to approval based on credit history, property evaluation, ability to repay and the relationship you have established with WECU®. The No Cost/No Annual Fee Home Equity Loan is based on the use of an automated property valuation. An appraisal, if needed, is paid by the borrower. Loan rates and payment periods are subject to change without notice. Re-writes of existing WECU loans are not eligible for no-fee, no closing cost loans. There is a floor of 4% APR and ceiling of 18.00% APR. APR is variable. Variable rate based on the prime rate plus 0.00% margin. Minimum credit limit of $10,000 to qualify for the no annual fee, no closing cost product.