Use a HELOC to reinvest in home improvements, finance a big purchase, or consolidate higher interest debt. The possibilities are endless.
Streamlined and hassle-free process
Transfer to your checking when you need it
Columbia CU covers the first $400*
Overhaul your home value, pay for improvements, or consolidate debts at a better rate. It’s your equity, use it how you want!
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.
A Fixed Home Equity Loan allows you to get a lump sum from a 2nd mortgage.
Interested in remodeling your outdated kitchen? A home equity line or loan can help make it happen. Learn about HELOCs and more.
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.
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!
*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)
