HELOC

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HELOC rates are low!

HELOC2

Building a better future for you and your family is easy with a Home Equity Line of Credit.  You can use the equity in your home to pay for major expenses such as home improvements and college tuition.  You can use it to consolidate debt.  You can even use it to buy a car, or whatever else you might want!  The uses for a HELOC are endless!
Excellent Rates

WSCU offers excellent rates to qualifying members.  All costs to the member are pass-through, meaning we only charge you what it costs us to fund your HELOC.  Closing costs can be as low as $249!  After the initial closing costs, our HELOCs have no annual fee.  The interest rate is a quarterly variable rate which is based on the prime rate.

How It Works

WSCU’s HELOC program works as a revolving account for the first eight years, meaning you can draw on the loan and make monthly payments.  For the last seven years of the loan you may no longer draw on the loan, only repay on the fifteen-year note.  Payments are based on a 180-month (15 year) amortization schedule.  The draws from the loan are a voucher advance program; the minimum initial advance is $5,000 and any advance thereafter must be at least $2,000.

Get Information

If you are interested in a HELOC with WSCU, please contact a Loan Services Representative at (970) 330-9728 for more information.  You may also pick up a HELOC packet at WSCU.  The packet includes everything you need to apply and streamline the application process.  Or better yet, apply now!

For Home Equity Line of Credit Disclosure click Download below