Make your home work for you!

FSU Credit Union is offering HELOC rates as low as 4.25% APR* with no closing costs.*

  • Financing up to 90% of the full-appraised value or tax assessment for single family homes with approved credit.
  • Competitive rates and maximum term of 240 months.
  • Interest rates adjust quarterly based on prime index and borrower’s risk score.*
  • Interest you pay is usually tax deductible (please consult your tax advisor).
  • No closing costs on qualifying properties.*

A Home Equity Line of Credit is perfect when you want to draw on cash over a period of time and only pay interest when you have an outstanding balance. You can use your home’s equity to make property improvements, take a vacation, or consolidate your bills.

*APR= Annual Percentage Rate. You must be eligible for membership and approval for a loan to participate. Loan rates and terms vary depending on your credit score and loan history. Home Equity Line-of-Credit has a variable APR with a maximum APR of 18%. The adjustable index for these loans will be based on the prime interest rate as quoted in the Wall Street Journal two business days prior to the change and adjusted on the 1st business day of each quarter. This index is then adjusted based on members’ risk score. The rate changes shall be made every quarter and payments will change monthly based on the current prime rate and the balance. The Credit Union reserves the right to reinstate the original floor APR at any time at its sole discretion. The fees and costs required to open the Home Equity Line-of-Credit are usually between $50 and $1500. These fees will be paid by the credit union if your initial withdrawal is at least $5,000. If your loan is satisfied in full within the first year, you must pay back all of the closing costs. If the loan amount is satisfied in full within the second year, you must pay back half of the closings costs. Property insurance is required. Credit standards apply. Mobile homes may be excluded. Please contact a credit union representative at 877-GO-FSU-CU for more details.