Home Equity Line of Credit
Put your home's equity to work for you.
A Home Equity Line of Credit (HELOC) from HRCU lets you borrow as needed – similar to a credit card – using your home's equity. It's a smart way to cover big expenses, consolidate high-interest debt, or manage life's surprises with lower interest rates and interest-only payments during the draw period. Our local home equity team is here for you, ready to guide you with friendly, personalized service every step of the way.
Why finance with HRCU?
When you choose HRCU for your Home Equity Line of Credit (HELOC), you’re choosing a credit union that puts members first. We combine competitive rates with personalized service because financing your goals should feel just as comfortable as your home.
Here's what sets HRCU apart:
Let's put your plans in motion. Apply today or talk to our team to get started.
Home Equity Line of Credit
Effective Date: 9/26/2025
| 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 | 6.540% APR* | $20,000 | $6.93 |
*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 12/18/2024 is 7.50%. 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.
Meet Our Mortgage Team
Our team of experts is here to guide you every step of the way so you can move forward with confidence.
When life gets busy, bank on your own schedule with HRCU's mobile and online banking.
FAQs
One of the main differences between these two types of loans is the home equity loan has a fixed interest rate while a home equity line of credit has a variable rate. Also, on a home equity loan you receive all the funds for the loan at closing, whereas the line of credit allows you to draw the funds out when you need them. One of our mortgage loan officers would be happy to review both types of loans and help you determine which one meets your needs.
Step 1: Log in to our Mobile Banking app or Online Banking via desktop. Go to your Dashboard and select Transfers to get started.
Step 2: Click Make a Transfer to schedule a new transfer (or payment). When you click From Account, you can select your HRCU account or add an external account you'd like to make the payment from. When you click To Account, click on your home loan that you would like to make a payment on.
Step 3: Select where and how much you'd like to transfer between account. When making a payment, you can choose to make a Regular Payment, Pay Off, or Principal Only payment if paying on a loan.
Step 4: Choose the frequency of the transfer as well as the start date. You can choose to make a One-Time Payment, or you can make recurring payments Daily, Weekly, Biweekly, Monthly, End of Month, Semi Monthly, Every Other Month, Every Four Weeks, Quarterly, Every Six Months or Yearly.
Make your next smart move.
Support copy would go here to direct existing users to log in.
Support copy would go here to direct users to become a member.
© Holy Rosary Credit Union, NH.
All rights Reserved
