Rates current as of December 1, 2019
You're in the driver's seat with a HELOC
A home equity line of credit or HELOC is a revolving credit line secured by the equity in your home.
Depending on the amount of your loan, take up to 20 years to repay the loan. During the draw period of 10 years, you choose when and how much to draw. As the balance is paid back it can be borrowed from again and again.
- Maximum loan-to-value up to 85%
- Arizona state residents only
- Single family dwellings only
- Primary residence, owner-occupied only (does not include land or mobile homes)
- Homes with first mortgages with negative amortization are not eligible
- Homes with interest only first mortgages are not eligible
How to get started
Give us a call, stop by any branch or apply online today!
Current Rates
Home Equity Line of Credit
| Loan-to-value | APR* | Min. Amount | Term |
|---|---|---|---|
| 80% | 6.00% | $10,000 | Revolving, up to 20 yrs. |
| 85% | 6.50% | $10,000 | Revolving, up to 20 yrs. |
*APR = Annual Percentage Rate. Quoted rates reflect the lowest rate available. Your individual loan rate will be based on your personal financial situation and previous credit performance. Certain conditions and restrictions apply. Rate subject to change without notice. Other loans are available. Call (480) 756-5500 for more information.
Secure and Fair Enforcement for Mortgage Lending Act of 2008 or the "SAFE Act"
On July 28, 2010 the National Credit Union Association (NCUA) and other Federal Agencies published a final rule to implement the federal registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). The registration requirements apply to all employees acting in the capacity of a Mortgage Loan Originator (MLO). The S.A.F.E. Act requires all MLO's to register with the Nationwide Mortgage Licensing System and Registry (NMLS). Once registered, each MLO is provided a Unique Identifier from the NMLS. An MLO must provide this Unique Identifier to each mortgage loan applicant upon request and prior to the employee acting as an MLO.
Click here for a list of MLO employed by First Credit Union. For more information about the registry, please visit the NMLS.
