Make Your House Work For You

A home equity loan or home equity line of credit (HELOC) is a great way to pay for life’s projects. By using your home’s equity as collateral, you can make your home work for you! Applying is a quick and easy process. Stop by any of our member centers or apply online 24/7.

Home Improvement

Debt Consolidation

Unexpected Expenses

Vacation Getaway

man and woman looking at each other while painting a room in a house

Home Equity Line of Credit Special

Make your house a


as low as 4.99%APR*

12-Month Introductory Rate


Variable Rate Thereafter

*All loans subject to credit approval. The APR 4.99% is good for a home equity line of credit (HELOC) with 80% Loan-To-Value (LTV) and a minimum credit score of 730. Introductory rate is for first 12 months only. Upon expiration of introductory period, rate will adjust to the applicable rate as disclosed in the original note of the loan. Rate will vary based on the Wall Street Journal Prime “Prime” rate, which was 8.25% APR as of 5/4/2023. Line of credit rate is variable, may change over the course of the loan, and will not exceed 15.00%. The Advantage product has a floor rate of 3.00% and the Traditional or Interest Only products have a floor rate of 5.00%. $300.00 processing/ closing cost fee on all home equity products plus appraisal fee, if required. New home equity loans only. Offer good for primary and secondary residences only. Flood insurance may be required. All credit union loan programs, rates, terms and conditions are subject to change at any time without notice. Other restrictions may apply. Limited time offer. Subject to credit approval. Equal Housing Opportunity. Insured By NCUA.

Home Equity Loan vs. Line Of Credit (HELOC)

What's The Difference?

Home Equity Loan

No Prepayment Penalty

Variable Interest Rate

Funds Accessible Via Debit Card

Revolving Line of Credit

Fixed Interest Rate

Fixed Loan Terms

Home Equity Calculator

Use our calculator to determine the home equity line of credit amount you may qualify to receive.

HELOC Debit Card

A HELOC (Home Equity Line of Credit) debit card gives you access to your HELOC funds no matter where you are. With the swipe of a card you can purchase what you need for the project you are using the line of credit for, so there’s no need to run to a member center to withdraw funds, or transfer funds to your checking account! Honor Credit Union is all about making your experiences simple and efficient!

Request a Card

To request your HELOC debit card, please complete the secure form below. Following review, your new debit card will arrive within 7-10 business days.

Please Note: All form submissions are processed during normal business hours Monday – Friday.

Home Equity Resources

We want to be a resource as you make a decision to use the equity in your home. We’ve dedicated a section of our blog to home equity and home improvement topics. We hope you find them helpful. If you have questions, reach out to our Home Loan Team or give us a call at 800.442.2800.

Home Equity FAQs

  • A HELOC is a great product if you’re looking to do multiple projects or would just like to have emergency funds on hand.  HELOC’s also have flexible payment options and typically offer the lowest payment of any home equity product. However, we recommend you reach out to us if you have any questions.

  • A Home Equity Loan is great for a one-time expense, like remodeling a room in a house, a vacation, wedding, college tuition, or car repair. It’s also a great option for consolidating and paying off high-interest debt, such as credit cards or student loans.

Ultimately, we recommend you talk to one of our home loan experts, who will listen to your story and advise you of the best solution for your individual need.

The answer depends on your unique situation. Home equity is the amount available after subtracting what you owe on your mortgage from your home’s current market value. Home values increase and decrease depending on market conditions. Just because you were once loaned to the total value of your home doesn’t mean you are today. The amount you could be approved for depends on your credit history, your home’s value, and other factors.

No. There are no fees to apply for a home equity loan or line of credit. We do charge a small loan processing fee, however, it is cheaper than the industry average depending on your situation. There may be additional fees, but our team will iron out all the details so there’s no confusion. We’d be happy to discuss the process with you. Please don’t hesitate to reach out to one of our team members. We’re here to help!

Our team works as quickly as possible. It typically takes 7-14 business days from the time your application is submitted to you having your loan funds available. The timeline can vary based on a number of factors related to your situation but we are very transparent with our communication during the process and will make sure you are given a realistic expectation so you can be prepared.

Honor Credit Union is a proud member of:

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