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Home Equity Line of Credit (HELOC)

General Home Equity Line of Credit Information & Potential Benefits

Access the equity you’ve built in your home with competitively low, variable rates. Finance major home improvements, education expenses, medical expenses, and much more!

  • Funds are conveniently available as needed without reapplying
  • Revolving credit – as the principal is repaid, more is available to re-borrow
  • The interest paid might be tax-deductible1
  • Only pay interest on the part that’s used
  • Set up payroll deduction for easy repayment
  • Local Baltimore-area decision-making and processing
  • Helpful, dedicated service from start to finish

Please note that in accordance with 12 CFR 1002.5(d)(2). Income derived from alimony, child support, or separate maintenance payment need not be revealed if the applicant does not want the creditor to consider the information in determining the applicant’s creditworthiness.

Before proceeding with and submitting your application, please review the required disclosure, What You Should Know About Home Equity Lines of Credit (HELOCs). This important document provides information about the terms, costs, and risks associated with a home equity line of credit. You may access the disclosure in your preferred language by selecting one of the links below:
English: What You Should Know About Home Equity Lines of Credit (HELOC)
Español: Lo que debe saber sobre las líneas de crédito garantizadas por la plusvalía de su vivienda (HELOC)

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1Consult with your tax advisor on possible tax benefits. The borrower is responsible for the closing and appraisal costs, typically between $455 – $845. Additional fees may apply. Applications are subject to approval and meeting credit union eligibility requirements. Offer and rates subject to change at any time. Property insurance required. Flood insurance may be required. Borrow responsibly. Borrowing against your home’s equity reduces your available equity and may increase your overall debt. For a better understanding of Home Equity Lines of Credit, please read: What you should know about Home Equity Lines of Credit. Consult a tax advisor regarding the deductibility of interest. Contact us for full details and eligibility requirements.