HELOC

Let Your Home Unlock the Possibilities

Searching for flexibility and convenience?

DOLFCU’s Home Equity Line of Credit (HELOC) is perfect for home improvement projects and other expenses.

Whether you’re thinking about renovating your home, paying for education, or taking advantage of investment opportunities, DOLFCU can help you find the best home equity option for your needs. Put the equity in your home to work on your next project. By tapping the value you’ve built in your home, you can fund anything from energy-efficient window installation in your home to debt consolidation.

DOLFCU’s Home Equity Line of Credit offers you the flexibility to borrow only the amount you need, as you need it, throughout the draw period.

  • Variable rates as low as Prime*
  • Low monthly payments
  • Interest may be tax deductible*
  • Only pay interest on money you borrow

Check out our competitive rates!

*Prime Rate as published in the Wall Street Journal the first business day of each month. As of July 1, 2020, the Prime Rate is 3.25%. Not all applicants will qualify for this rate. Annual Percentage Rates are based on applicant’s credit and our underwriting standards, which may include discounts for additional credit union services. APRs subject to change based on Prime with a minimum rate of 2.5% and maximum of 18%. The cost of an appraisal normally ranges from $170-$500 is paid by the member whether or not the loan closes, if an appraisal is required. Borrower responsible for remainder of closing costs which generally range between $175-$2150, any taxes and insurance. Property insurance required; flood insurance may be required. Program fees, rates and features subject to change without notice. All loans are subject to credit approval and membership eligibility. Minimum loan amount is $20,000. A home equity line of credit is by secured by a 1st or 2nd lien on your residential property located in Maryland, DC and Virginia only. Consult a tax advisor regarding the deductibility of interest. Other terms and restrictions may apply. Please email Loans@DOLFCU.org or call (202) 789-2901, ext 3 for additional details. DOLFCU is an Equal Opportunity Lender.