Home Equity Line of Credit

Use a HELOC to reinvest in home improvements, finance a big purchase, or consolidate higher interest debt. The possibilities are endless. 

See rates and disclosures.

Easy Application

Streamlined and hassle-free process

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Quick Cash

Transfer to your checking when you need it

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No Closing Costs

For non-escrowed lines up to $100k*

using a heloc

What can your Home Equity do for you?

Overhaul your home value, pay for improvements, or consolidate debts at a better rate. It’s your equity, use it how you want!

  • Pay for repairs, renovations, and side projects
  • Make big-ticket purchases
  • Refinance higher interest debt
  • Increase your monthly cash-on-hand

See rates and disclosures.

HELOC how-to

How Does a HELOC work, anyway?

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, there are no closing costs for non-escrowed lines up to $100k*

See rates and disclosures.

Home Equity Loans

Another Home Equity Option

A Fixed Home Equity Loan allows you to get a lump sum from a 2nd mortgage.

  • For when you know exactly how much money you need
  • Receive funds in a lump sum with a fixed rate
  • Terms up to 15 years

Home Equity vs. Mortgage Refinancing

If you own a home and have equity in it, there are different ways to get extra cash on hand every month. Learn which could be best for you.

Frequently Asked Questions

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.

There is no annual fee for the first year. After that, it is just $50.

You can borrow up to 100% of your home’s equity.

Your HELOC has a 10 year draw period followed by a 15 year repayment period.

Feel free to call, chat, or stop by any time with your home equity, mortgage financing, or any other questions. We’re always happy to help!

Contact Us

Locations

Unlock the equity in your home.

*If your line is $100k or less, and you’re not paying off an existing lien, like a 2nd mortgage or HELOC from elsewhere, your new Columbia CU HELOC will have no closing costs.