The hard work you’ve put into your home is about to pay off. Tap your home equity to fund anything, from vacation to education.

Rates

Key Features

  • Competitive Rates
  • Local Processing
  • Quick Decisions
  • Line of Credit Available
  • Convert the equity in your home into cash you can use
  • Competitive fixed rates for several short-term or one-time needs
  • Includes low closing costs
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you, up to 30 years
  • Approval amount based on equity in home
  • The interest paid might be tax deductible1
  • Quick, local decision-making and processing
  • Attentive, friendly service from start to finish

View our NMLS Registry Information for Valley Credit Union Mortgage Loan Originators.

1Consult a tax advisor.

Similar to a Home Equity Loan, a Home Equity Line of Credit is based off the equity in your home. You can use that equity as collateral to fund almost any need. A HELOC differs in that it's available anytime and can be accessed the moment a need arises.

  • Competitive rates and low closing costs
  • Money is available whenever you need it; perfect for short-term needs
  • Financing available to cover a wide range of needs
  • Approval amount based on equity in home
  • Variable rate subject to change monthly
  • Only pay interest on what you use
  • Credit advances available for a 10-year draw period up to a 20-year term:
  • During this time frame, payments must be a minimum of $100 or 1%-1.5% of the full outstanding loan balance (whichever is greater)

When applying, you will need the following items:

  • Balance statement from first mortgage company
  • Pay-stub, W-2s, or 2 years of taxes if self employed
  • A copy of the current property tax statement
  • Proof of homeowners insurance

Life is unpredictable. You may worry about unexpected, real-life events that could leave you scrambling to pay your monthly bills. Debt Protection can help relieve financial pressure in the event of death, disability or involuntary unemployment.

With Debt Protection, your loan balance or monthly loan payments will be canceled without penalty or added interest in accordance with your plan choice. You benefit from the peace of mind knowing you and your credit rating are protected.

Your choice on this product does not affect our credit decision.

*APR=Annual Percentage Rate. After 6 months rate on your loan will revert to the standard variable rate for a Home Equity Line of Credit (HELOC) based on the Wall Street Journal Prime Rate plus a margin. The maximum interest rate will not exceed 17.99%. All loans subject to credit approval. May be tax deductible, please consult a tax advisor. Minimum $25 savings account required. **Promotional rate does not apply to modifications on existing HELOCs and can end at any time at Credit Union's discretion. Terms and conditions apply, please contact (406)656-9100 for criteria.

Home Equity Early Disclosure

Home Equity Lines of Credit Disclosure