HELOCs
You’ve been building home equity – and that equity is an asset you can put to good use. Easily and conveniently tap into that equity to accomplish virtually any goal with a Home Equity Line of Credit, or HELOC, from Alabama Credit Union.
Different than a cash out refinance or a home equity loan, which gives you a one-time lump sum, an Alabama CU HELOC gives you a flexible, open line of credit that’s good for up to 15 years and is conveniently accessible through our online banking system. It’s a level of ease and adaptability that makes our line of credit great for just about any purpose, such as:
- Home improvements
- Debt consolidation
- Vacations
- Special events
- Large purchases and more
The Alabama Credit Union HELOC offers:
- Financing for up to 90% of the value of your home (less any outstanding mortgage)
- Great rates and flexible repayment options
- No annual fee
- No closing cost options*
Plus, you could be approved in as little as 24 hours, so apply today and start achieving your goals!
*Maximum closing costs to be paid by Alabama Credit Union may not exceed $1,100.00; if closing costs exceed $1,100.00, borrower is required to pay those closing costs in excess of $1,100.00 prior to or at time of closing. No closing cost will be charged if loan balance remains above $5,000 for at least 24 months after closing; if loan balance falls below $5,000 within 24 months of closing, closing costs paid by Alabama Credit Union will be charged to borrower(s).