Home Equity Line of Credit

Planning a big home improvement project in the spring? Thinking about that dream vacation? Maybe you just need some extra help after the holidays.

Whatever is important to you is just as important to us. We back that up with a Home Equity Line of Credit with variable rates as low as 3.49% (prime -.26%) that helps make you happy at home!

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Winter Home Equity Line of Credit

  • Example: 25000
  • Please note, you do not have to be a member to receive a free quote, apply, or get more information.

*Subject to membership eligibility and creditworthiness. Variable rate will be prime – .26% for the duration of the line of credit. Rate may change monthly. Your home equity contract rate is variable based on the Wall Street Journal Prime Rate, on your creditworthiness, and OCFCU’s lending policies. Your rate will vary but will never exceed 18.00% and never fall below 3.49%. Financing up to 70% of the home’s value is available. To qualify for the promotional rate: (i) your credit score must be 760 or above; (ii) you must make an initial minimum draw on the line of $10,000 or more for a six month period or longer to get the promotional rate. (iii) minimum $25,000 limit required; (iv) $200,000 maximum limit allowed; (iv) this offer is available only on owner occupied homes; (v) must have an OCFCU checking account with a minimum $500/m direct deposit and HELOC payments must be auto-paid from this account. Failure to meet these requirements can result in losing the 0.26% discount. Property insurance required. Flood insurance may be required. The HELOC must stay open a minimum of 24 months or all services fees must be repaid to the credit union. Maximum line of credit repayment period is 240 months.  Other terms and conditions may apply. OCFCU may discontinue or change program without notice. Please contact your tax advisor to determine any tax benefits. Ohio Catholic is an Equal Housing Lender. Monthly Payments will be $100 or 1% of the HELOC balance, whichever is greater.