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A smarter way to fund home improvements.
When home projects feel bigger than expected, your neighbors at HRCU are here to help. A Home Equity Line of Credit gives you flexible access to the funds you need - so you can more forward with confidence. Turn those "Do it Yourself" projects into "Do it Together" wins.
What is a Home Equity Line of Credit (HELOC)?
Learn more about your financial options when improving your home, without the heavy burden and high interest of credit cards and personal loans.
A HELOC is a revolving line of credit that lets you borrow against the equity you've built in your home. You can draw funds as needed during the draw period and only pay interest on the amount you use.
A home equity loan gives you a lump sum all at once. A HELOC works more like a credit card - giving you flexibility to borrow, repay, and borrow again as your project progresses.
A HELOC can be used for most home-related needs, including renovations, repairs, upgrades, or for consolidating your debt and covering unexpected expenses. Many homeowners also use it for ongoing or phased projects where costs happen over time.
The amount you qualify for depends on factors like your home's value, the equity you've built, and your overall financial profile. A member of our experienced HRCU mortgage team can talk through your options and help you understand what's available to you.
Timelines can vary, but HRCU works to make the process as smooth and straightforward as possible and can take from 2 to 6 weeks from application to funding. Our local team will guide you through each step and keep you informed along the way.
No. If you’re approved, you’ll become a member of HRCU and gain access to all the benefits of banking with a local New Hampshire credit union.
Home Equity Line of Credit Rates
Effective Date: 12/11/2025
| Type | Terms | As Low As | Minimum Finance Amount | Monthly Payment/$1,000 |
|---|---|---|---|---|
| Promotional Fixed Rate for 12 months (then adjusts monthly) | 10-year draw, 25-year amortization | 5.770% APR* | $20,000 | $6.30 |
*APR=Annual Percentage Rate. Rates are based on an evaluation of credit history and CLTV (combined loan to value) ratio, so your rate may differ. Loan subject to underwriting qualifications. All rates, terms, conditions, and promotions are subject to change without notice. The rates above reflect a 70% loan to value. HELOC (Home Equity Line of Credit) loans greater than 70% loan to value have certain restrictions, please contact a loan officer for further details. Special fixed APR for first 12 months, then adjusted monthly. APR using current index and margin would be 5.50% or higher. After the fixed rate introductory period, the rate is variable, based on the Wall Street Journal Prime Rate plus a margin as low as 0% (based on credit rating) and subject to change at any time. Prime Rate as of 12/10/2025 is 6.75%. The floor rate is equal to prime plus margin (based on credit history) at time of closing after promotional period; with a maximum annual percentage rate of 18.00%. HRCU will pay up to $250 of the following closing costs on new Equity Loan applications (Fixed Rate and Lines of Credit): flood determination fee, title search fee, credit report fee, recording fees, and an AVM (Automated Valuation Model). The offer excludes the following fees: appraisal fee, lenders title insurance and any additional fees associated with properties held in a trust. For loan amounts up to $500,000, closing costs that members pay could range between $150 and $1,200. Closing costs depend on property location, property type, and amount of the Equity Loan. Applicant is responsible for any closing costs over and above $250 and payment is required at the time of loan closing. Only available for primary residence. HRCU must be in first or second lien position; and home is not listed for sale. Minimum loan amount of $20,000, with $250 minimum advances; maximum loan amount of $500,000. Homeowner insurance required; Flood insurance may be required. Loan must be new to HRCU, existing loans are not eligible for this promotion. Limited Time Offer.
How can a HELOC help you?
A HELOC lets you tap into the equity you've built in your home and use it when - and how - you need it.
With a HELOC from HRCU, you can:
We are here to help New Hampshire homeowners turn "Do it Yourself" plans into "Do it Together" successes
with flexible financing and local guidance you can trust.
Big projects are better with the right partner
From your first conversation to your final draw, our expert lending team is here to help you make smart, confident decisions for your home. When you choose HRCU, you'll have access to:
At HRCU, we're more than just a place to bank - we're your financial partner. For over 60 years, we've been helping individuals and families across New Hampshire save smarter, borrow wisely, and plan for a stronger financial future.
See our other money-saving offers.
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