Competitive HELOC Rates
Flexible Access to Your Home’s Equity
A Home Equity Line of Credit (HELOC) gives you the freedom to borrow what you need—when you need it—with guidance from a local expert.
- Access funds as needed—not all at once
- Use for home improvements, debt consolidation, and more
- Work with a local lending expert every step of the way
Connect With A Local Expert →
Not Sure If a HELOC Is Right for You?
We’ll walk you through how a HELOC works, compare it to other options, and help you decide what fits your goals.
Guidance From Local Lending Experts
How It Works
1. Tell us about your goals
Share a few details so we can understand what your looking for
2. Speak with an Expert
We will explain how HELOCs work and review your options
3. Access Your Funds
Use your line of credit as needed
Common Uses for a HELOC
Home Improvements
Pay for renovations over time as projects progress.
Debt Consolidation
Access funds to pay down higher-interest balances.
Ongoing Expenses
Use funds as needed for education, emergencies, or major purchases.
Why Choose a HELOC?
Borrow Only What You Need
Access funds over time instead of taking a lump sum.
Flexible Access to Funds
Use your line of credit when needed during the draw period.
Lower Rates
HELOCs may offer lower rates than credit cards or personal loans.
Local Guidance You Can Trust
Work with an expert who helps you every step of the way.
Ready to Apply?
Create an account on our secure Home Loan Borrower Portal to begin your HELOC application.
You can save your progress at any time, upload required documents securely, and track your application status—all in one convenient place.
Home Equity Loans: Frequently Asked Questions
What is a HELOC?
A HELOC (Home Equity Line of Credit) is a revolving line of credit that allows you to borrow against your home’s equity as needed, rather than receiving a lump sum.
How does a HELOC work?
A HELOC gives you access to a set credit limit during a draw period. You can borrow, repay, and borrow again as needed with variable rates.
What is the difference between a HELOC and a home equity loan?
A home equity loan provides a lump sum with fixed payments, while a HELOC offers flexible access to funds over time, similar to a credit card.
What can I use a HELOC for?
HELOCs are commonly used for home improvements, debt consolidation, education expenses, or ongoing financial needs.
What are current HELOC rates?
HELOC rates are variable and are based on the Wall Street Journal Prime Rate, plus or minus a margin depending on the program you choose. You can view our current rates here.
How much can I borrow with a HELOC?
Loan amounts vary based on your home’s value, your existing mortgage balance, and your financial profile.
All rates are subject to change without notice. Membership eligibility applies. Subject to RFCU underwriting approval standards. Minimum loan amount is $25,000. Maximum loan amounts are as follows: $250,000 for a 1-2 unit primary residence with a maximum combined loan to value (CLTV) of 80%; $500,000 for a 1 unit primary residence with a maximum CLTV of 75%; $250,000 for a 3-4 unit primary residence with a maximum CLTV of 75%; $250,000 for a 1 unit second home with a maximum CLTV of 80%. A $50 annual fee will be charged during the draw period. Property insurance is required and Flood Insurance may be required. If the HELOC is closed within 36 months from the date of the closing, the member will be required to reimburse RFCU for all third party fees. Third party fees vary between $475.03-$952.06. Additional fees in the amount of $355 will be required if the property is held in a trust. Properties for sale or intended to be sold within the next 6 months are not allowed. Call us for current rate and terms.
APR for HELOCs are variable and are subject to change monthly based on the Wall Street Journal Prime Rate. The maximum rate is 18.00% APR, the minimum or “Floor” rate is 3.000%. The term is based on a 10 year draw period and a 20 year repayment period.
Annual Percentage Rate (APR)
To view our privacy policy, please click here.