Home Equity Line of Credit

Online and Mobile banking access provide transfers directly to your IFCU checking or savings.
Make purchases using a HELOC Access Card. Request a virtual card for immediate use.

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 efficent 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.

  • Transfer funds directly to your IFCU checking or savings through Online or Mobile banking.

  • Request a HELOC Access Card to pay for purchases which will be added directly to your line of credit. Virtual card option for immediate use.

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 non-owner occupied home)

  • Minimum total line of credit: $25,000

  • Maxmimum total line of credit: $600,000

  • Minimum initial draw is $10,000 and minimum subsequent draws of $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, 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.