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

Quick Cash

Transfer to your checking when you need it

Closing Costs Credit

Columbia CU covers the first $400*

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, Columbia CU offers a credit for the first $400 in closing costs*

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.

What exactly is a HELOC? – Let’s Talk

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


Unlock the equity in your home.

*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)