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Home Equity Line of Credit

Home equity lines of credit (or HELOCs) equip you with the ability to make use of the equity in your home that you’ve worked so hard to build. Tap into that equity and utilize it to make those home renovations you’ve been wanting to do or even take care of an unexpected expense that you weren’t prepared to pay.

At OUCU Financial, our HELOCs afford you with the power and flexibility to borrow as much or as little of your home’s equity. You can apply those funds to whatever expenses you would like, similar to a credit card, but with great, low rates. 

Let us help you build your tomorrow by taking advantage of what you have today.

Equity Calculator Apply Online


What Is A Home Equity Line of Credit?

A home equity line of credit is a line of credit secured by your home.


Similar to a home equity loan, a HELOC allows you to use your home’s equity to accomplish tasks both large and small. What’s different is that a HELOC operates as a revolving credit line rather than a lump sum.

How to Determine Your Potential Loan Amount
Home Value $100,000
Multiply by .95 x  .95
Max. Borrowable Equity $95,000
Subtract Current Mortgage Loan Balance - $60,000
Potential Credit Limit $35,000

With a HELOC from OUCU Financial, you’ll have access to:

  • 95% of your home’s equity* to use at a low variable rate

  • No annual fee and low closing costs

  • Easy access through online banking

  • Competitive variable rates

  • Interest-only payment options

*Property must be the primary residence in the state of Ohio. Equity Rate is subject to quarterly adjustment.



Home Equity Line of Credit Rates

At OUCU Financial, we offer competitive HELOC rates that you’ll feel comfortable about. 

Loan Term APR
Home Equity Line of Credit (Up to 80% LTV) Interest Only 10 Year Draw/10 Year Repayment Prime - .50%, currenty 8.00%, Floor Rate 2.75%
Home Equity Line of Credit (Up to 80% LTV) 10 Year Draw/10 Year Repayment Prime + 0.00 , currently 8.50%, Floor Rate 4.00%
Home Equity Line of Credit (81-90% LTV) 10 Year Draw/10 Year Repayment Prime + 1.00%, currently 9.50%, Floor Rate 5.00%
Home Equity Line of Credit (91-95% LTV) 10 Year Draw/10 Year Repayment Prime + 2%*, currently 10.50%, Floor Rate 7.00%


Apply Online today or Schedule an Appointment with our OUCU Mortgage Department


Using Your Home’s Equity To Your Advantage 

If you’re a homeowner, home equity loans & lines of credit can be one of the best ways to borrow. You’ve worked hard to build equity in your home, so why not use it to your advantage? 

Whether it’s remodeling projects, finances for college, or even sudden emergencies, OUCU Financial provides easy access to your home equity so you can accomplish your goals today and create your tomorrow. 


"There is no credit union or bank that could compare to OUCU. Members and their children are their priorities from day one. OUCU Financial is all about the community of Athens, Ohio."

"Friendly.  Always there when I needed them. Very family friendly and affordable."


If you can’t find what you’re looking for, let our expert mortgage team lead the way! Click below to get started now.

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