Home Equity
Line of Credit
Benefits for Our Members
A Home Equity Line of Credit (HELOC) lets you borrow against the equity in your home, giving you access to a revolving line of credit as you need it. It’s a flexible solution for funding home improvements, education, debt consolidation, or unexpected expenses—with competitive rates and convenient access to funds. Put your home’s value to work—apply for a HELOC today at Fort McClellan Credit Union.
Got Questions?
- Annual percentage rate as low as prime minus 0.25%1
- HELOC limit up to 100% of home’s value
- Fixed introductory rate for six months
- Interest only payment option available2
- No minimum draw, annual fee, or inactivity fee
- Possible tax deductions on interest paid3
The Consumer Financial Protection Bureau booklet can help you decide whether home equity line of credit is the right choice for you, and help you shop for the best available option.
We are happy to help. Give us a call at (256) 237-2113 or drop-in at any of our branch locations.
1All loans are subject to membership eligibility and credit approval. Hazard insurance is required on all loans secured by real property; if the premises are in a special flood hazard area flood insurance is required. Available equity is based upon the current assessed value of your property. Maximum Loan-to-Value is 100%. The maximum loan amount is $100,000.00.
2Fort McClellan Credit Union offers either an amortizing or an interest only repayment option. The amortizing loan has a 5-year draw period followed by a 15-year repayment period. (2) The interest only loan has a 5-year draw period followed by a 15-year repayment period.
3Consult a tax advisor regarding the deductibility of interest. Visit our website www.fortmcclellancu.org for more information or call us at (256) 237-2113 to speak with a representative today. Equal Housing Opportunity Lender. Federally Insured by NCUA