A Home Equity Line of Credit (HELOC) allows you to draw against the equity in your home as a line of credit, then pay it back over a long period of time.
Borrow up to 100% of your home’s equity
Low monthly payments spread over long periods of time
Although we offer higher limits, Columbia CU offers a credit for the first $400 in closing costs*
Your line of credit appears as an account within Online Banking, where you can make, same-day transfers to your checking account. Or, contact us and we’ll make that transfer for you.
*Typical closing costs range from $50-$1,050. Of that amount, Columbia Credit Union will cover up to $400 in the form of a lender credit (lender credit does not apply to full appraisal costs, if full appraisal is required. Appraisal fees are to be paid upfront by the member in the event the full appraisal becomes necessary)