Home Equity Line of Credit

Interfaith Federal Credit Union home equity line of credit (HELOC) allows members to utilize equity in their home to obtain funds needed as your family grows into the future. Maintaining the safety and value of your home is important, yet it can be costly. IFCU offers low rates as a reflection of our beliefs and values. We believe in treating our members as we would like to be treated. A HELOC can help with

  • Home repairs

  • Remodeling projects

  • Energy efficient upgrades

  • Landscaping

  • Swimming Pool

  • Consolidating higher rate loans as you manage debt

  • Student tuition

  • Accessory Dwelling Unit (you must research what is allowed in your city)

  • Available for anything you may need and anything you can dream

Features

  • Great low, competitive rates

  • Lower than average fees

  • No minimum draw

  • Take a lump sum and/or access funds over time

  • Only pay interest on the money you are using

Requirements

  • Available to owner and non-owner occupied, single-family dwellings

  • Homeowner’s insurance must be current

  • Loan cannot exceed 80% of property value (75% on a non-owner-occupied home)

  • Minimum total line of credit: $25,000

  • Maximum total line of credit: $600,000

  • Minimum initial draw is $10,000 and minimum subsequent advance is $500

Rate, terms, and conditions are subject to change or discontinue at any time, without notice.

For more information and to request a HELOC application packet please contact the Interfaith FCU loan department at 800-245-0433, ext 224 or email lending@InterfaithFCU.org. NMLS # 905253

Looking for affordable homeowner’s insurance? Click here to learn about the options available to credit union members through TruStage®. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.