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Home Equity Line Of Credit (HELOC)

Borrow what you need, when you need it. A HELOC is like a credit card that borrows against your home’s equity, for life's big or unexpected expenses. It gives you the flexibility to get extra cash when you need it while making payments on only the amount you use.

  • Introductory rate of 2.99% APR* for 12 months
  • Variable rate as low as 5.50% APR* after 12 months
  • 10-year draw period / 15-year repayment period
  • Borrow up to 90% of your home's value including existing mortgages
  • One-time rate lock available**
  • Promotional period from now through November 8, 2019
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Home Equity Loan Of Credit


This HELOC option is available to help you pay for:

  • Home improvements
  • Education
  • Medical expenses
  • Wedding
  • and much more...

Now is the time to start exploring your home loan options with us. Your home thinks you deserve it and so do we!

* APR=Annual Percentage Rate. Rate for individuals with excellent credit based on a loan-to-value (LTV) ratio up to 90% for a 25 year term with a 10 year draw period and 15 year repayment period.

** 5,000 minimum, $50 Lock Fee.  The rate lock feature is not applicable to the introductory promotional rate.

Introductory rate of 2.99% APR is fixed for 12 months. Minimum line and draw amount to receive introductory rate is $15,000. After 12 months, the loan will adjust to the then current variable rate of Prime plus .50%, which is 5.50% APR as of 9/19/2019. Rate cannot exceed 18.00% APR (ceiling). Prime is 5.00% as of 9/19/2019. Rates are subject to change without notice. Applicant(s) subject to income verification. Property must be owner occupied, single family home located in Orange County, Seminole County, Lake County or Osceola County. Applicant must carry adequate property and flood hazard insurance (if required) on home securing loan. The rate lock feature is not applicable to the introductory promotional rate. Offer expires November 8, 2019. Offer not valid on existing Orlando Credit Union loans.

Closing costs will be waived on Home Equity Lines greater than $10,000. Home Equity Lines of Credit closed within 36 months from the loan origination date will be required to reimburse all closing costs.

Closing costs range from $0 to $1,300, unless full appraisal is required.

Applicants must qualify for membership. As a condition of membership you must maintain at least $5 in your Ownership Share Account.