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Routing Number: 253177049
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Home Equity Line of Credit (HELOC)

Put your home’s equity to work with an open-ended loan that allows you to borrow as much or as little of the total credit line amount as you need.

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Maximize your home's equity

Unlock the equity in your home by borrowing against your home’s equity through a revolving line of credit that remains available to use continually within the 15-year draw period, even if you pay the full balance. Because your home secures the loan, the interest rate is often lower than unsecured types of credit. Withdraw funds as needed for life’s big or unexpected expenses and repay at a variable interest rate. 

HELOCs are commonly used for: 

  • Home improvements or remodels

  • Debt consolidation

  • Emergency expenses

  • Weddings

  • Medical expenses

  • Work or school expenses

Unique features of SECU HELOCs

  • Borrow up to 90% of your primary or secondary home’s value or 65% of an investment property's value, minus any outstanding mortgage balances1

  • No fees for application, credit report, or origination2

  • An in-branch closing option is available for many HELOCs3

  • Get advances via the SECU Mobile App, online through Member Access, at your local branch, or by contacting Member Services Support at (888) 732-8562

  • Request advances any time throughout the 15-year draw period4

  • Use as a protecting account for your SECU Checking Account through our Overdraft Transfer Service5

Disclosures

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Understand your financing options

Is a HELOC aligned with your financial goals? Check current rates, estimate your home equity, and view payment schedules. 

New lines of credit are available at an initial Annual Percentage Rate (APR)6 as low as 6.25% until the first quarterly rate change based on the current index and margin.7 For existing loans, future rates and payments are determined quarterly by adding the appropriate margin to the corresponding index.8

estimator

Estimate how much you can borrow

Fill in the fields to quickly estimate your available equity. 

*Required field

Estimated available equity7

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Understand your payment schedule

Your minimum payment is based on the APR, loan balance,9 billing frequency, and repayment plan. 

Standard repayment per $1,000 borrowed10

APRMonthlySemi-monthly / Bi-weekly
Up to 12%$12$6
12.25% - 15.00%$14$7
15.25% - 18.00%$16$8

 

Disclosures

Frequently asked questions about HELOCs

To be eligible for a HELOC, properties must be located in North Carolina, South Carolina, Virginia, or Georgia.

Your rate is subject to change quarterly (four times per year).

No. All HELOC Loans have a variable rate.

Related resources

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    HELOC vs Cash-Out Refinancing

    Compare the benefits of HELOCs and cash-out refinances to help you choose the right fit.
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  1. Properties must be located in North Carolina, South Carolina, Virginia, or Georgia. Manufactured homes cannot serve as collateral. Property insurance is required.
  2. Fees payable to third parties to open the line of credit generally range from $0 to $1,880. Processing fees on lines of credit secured by property in Georgia, Virginia, and South Carolina may be higher than for property in North Carolina, and not all fees can be waived. An itemization of these fees is available upon request. A mortgage loan specialist can assist you in determining the fees in your area.
  3. Not all closings may occur in branch. You may be required to close your loan through an attorney in certain situations. Contact a SECU mortgage loan specialist for more information.
  4. Members may borrow against their available credit line, up to the maximum line amount, for 15 years, subject to the terms of the account agreement. After the draw period ends, regular payments will continue until the loan is paid in full.
  5. Overdraft transfers made from home equity lines of credit are considered loan advances. See the Overdraft Transfer Services page for more details.
  6. APR = Annual Percentage Rate. APR is your cost over the loan term expressed as a rate.
  7. Rate is subject to change quarterly. See your loan documentation for details regarding the maximum quarterly rate adjustment, the minimum interest rate and maximum interest rate.
  8. See your loan documentation for details regarding the index and margin. 
  9. Payment is based on the previous highest loan balance. The required payment amounts are reset if the loan balance is paid to $0.
  10. Minimum payment per $1,000 outstanding balance rounded to the next highest increment.