Home Equity Line of Credit (HELOC)

Borrow what you need when you need it.

Turn Your Home Equity Into Opportunity.

Members First Credit Union’s Home Equity Line of Credit (HELOC) is designed to let you borrow against the equity in your home and access funds as needed. Whether you’re renovating your home, consolidating debt, or planning for major milestones, a HELOC provides flexibility, and you can access funds when you need them. Unlike traditional loans, you only pay interest on the amount you borrow, not the full line of credit.

More Flexibility, More Possibilities

Min/Max Loan Amount: $5,000 – $350,000
Borrow up to 95% of your home’s equity **
No Annual Fee or Minimum Balance

No Prepayment Penalty
Easy Access: Your funds are available through mobile or online banking or in-branch.
Personalized Support: Guidance from a trusted, local team every step of the way.

**95% equity is based on a first lien on a primary residence. Total available credit may be lower based on type of collateral, lien status, or purpose of the loan.

Save up to $300 off closing costs.

Open a Home Equity Line of Credit and save up to $300¹ on closing costs when you apply January 12 through March 31, 2026. It’s a smart way to put your home’s equity to work while keeping more money in your pocket.

¹Equal Housing Opportunity. All loans subject to approval. Offer valid for new Home Equity Line of Credit applications received January 12-March 31, 2026. Up to $300 off closing costs will be applied at closing. Rates, terms, and conditions are subject to change without notice. Minimum and maximum loan amounts apply. Borrower is responsible for title insurance, appraisal fees, and any non-standard closing costs. Property and credit qualifications apply. See credit union for details.

Ready to make your home’s equity work for you? Schedule an appointment or contact us to get started!

Make Appointment

Home Equity Line of Credit

Effective Date: Thursday, January 15th, 2026

Please contact us or stop into a branch to verify the current rate.

APR as low as*
6.75%
*APR = Annual Percentage Rate. All loans subject to approval. Rates, terms, and conditions are subject to change without notice. APR is based off the Wall Street Journal Prime Rate plus a margin of -0.250% - 4.000%. Margin may vary based on creditworthiness or other factors. The prime rate is a variable rate and may change multiple times during the term of the loan. The rate for the Home Equity Line of Credit will increase or decrease based on these changes but will never exceed 18% or drop below 4%. Loan fees and closing costs will vary between $450 and $1,300 based on a loan amount of $50,000. Property and credit qualifications apply. See credit union for details.

APR as low as*

6.75%

*APR = Annual Percentage Rate. All loans subject to approval. Rates, terms, and conditions are subject to change without notice. APR is based off the Wall Street Journal Prime Rate plus a margin of -0.250% - 4.000%. Margin may vary based on creditworthiness or other factors. The prime rate is a variable rate and may change multiple times during the term of the loan. The rate for the Home Equity Line of Credit will increase or decrease based on these changes but will never exceed 18% or drop below 4%. Loan fees and closing costs will vary between $450 and $1,300 based on a loan amount of $50,000. Property and credit qualifications apply. See credit union for details.

Looking for a new home instead? Explore our mortgage options.

Whether you are upgrading, downsizing, or looking for something new, we’ve got the affordable home financing to turn your plans into reality.

Learn More

How Much Home Equity Can You Tap Into?

A HELOC (Home Equity Line of Credit) is a line of credit that allows you to tap into your home’s equity and borrow against it.

This calculator will help you estimate the limit you could be approved for. Start by entering the value of your home. Next, enter the outstanding balance (what you have left to pay including interest) on your mortgage. Finally, adjust the LTV ratio to see your potential HELOC. We offer LTV ratios up to 95%, with the exact percentage determined by your lender.

Disclaimer

While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared, we are unable to guarantee that it remains accurate today.

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The above disclaimer pertains to Members First Credit Union and all Members First’s partners.