Home equity line (HELOC)
Borrow against the home you've already paid down
A line of credit you draw from as you need it, for renovations, tuition, or paying off higher-rate debt. You only pay interest on what you've used.
- Home equity line (HELOC) 10-year draw, then 15-year repay 7.25% variable APR
Sample rates as of October 2026. Lowest rates assume strong credit.
Why members borrow here
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01
6-month intro rate of 5.99% APR, then variable (7.25% APR in this sample)
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02
No annual fee
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03
Draw what you need for 10 years, then repay over 15
The numbers, all of them
| Loan | Rate | Terms | Worth knowing |
|---|---|---|---|
| Home equity line (HELOC) | 7.25% variable APR | 10-year draw, then 15-year repay | 6-month intro rate of 5.99% APR, then variable. No annual fee; $50 to close a line early in year one. |
| Example | Monthly payment | Total interest | Amount |
|---|---|---|---|
| $30,000 over 10 years | $352.20 | $12,264 | $30,000 |
| $60,000 over 15 years | $547.72 | $38,589 | $60,000 |
Standard amortization math, principal and interest only. Taxes, insurance, and fees are not included. Sample figures, not a quote.
Please read this part: Your home secures this line. If you can't make the payments, you could lose your home. Because the rate is variable, payments can go up. Before you sign, we'll show you the payment at today's rate and at a higher one.
How it works
- Apply Tell us about the home and how much you'd like to have available.
- Home value check We order the valuation. For lines under $250,000, we cover the cost.
- Decision and closing Usually two to three weeks from application to signing.
- Draw as you go Move money to checking in the app, or write a line check.
What you'll need
- Your most recent mortgage statement
- Proof of homeowners insurance
- Proof of income: pay stubs or tax returns
You'll need to be a member to borrow. Membership starts with a $5 share and can be opened at the same time.
Questions
What borrowers ask
Every loan is reviewed on its own, and nobody here earns commission on your rate. More answers in the FAQ.
How much can I borrow?
In this sample program, up to 85% of your home's value, minus what you still owe on your mortgage. An advisor works through the numbers with you.
What happens when the intro rate ends?
After six months, the rate becomes variable and follows the market. We tell you the new rate before it starts, and the app always shows your current one.
Do I have to use the whole line?
No. You only pay interest on what you draw. Many members open a line and use it only for one project.
Good to know about too
- Personal loans No home involved, and a fixed rate for smaller projects. Learn more
- Mortgages Buying or refinancing the whole home. Learn more
- Talk to an advisor We'll compare a HELOC and a personal loan for your project. Learn more
Other loans: Auto loans , Personal loans , Mortgages
Get a real number from a real person
A lending advisor will walk through your rate, payment, and total cost before you commit to anything. No obligation, and no rate haggling.
Sample rates for a fictional credit union, as of October 2026. APR means annual percentage rate. Your rate depends on your credit history, the loan term, and the amount. All loans are subject to credit approval, and nothing on this page is an offer or a promise of approval.