You’ve Built Home Equity. Now Build What’s Next.
The equity you’ve built in your home could give you more flexibility for what comes next. Use the value you’ve built to help make renovations, consolidate higher-interest debt or prepare for a major expense.
Let your home do more for you.
Your home equity is the difference between your home’s current value and the amount you owe on it.
A Home Equity Line of Credit, or HELOC, lets you borrow against a portion of that equity. Unlike a traditional loan that provides all the money at once, a HELOC gives you a line of credit you can use as expenses come up.
Today's Rate
Home Equity Line of Credit
rates as low as
6.50%
APR*
Georgia United HELOC highlights:
- Credit lines from $10,000 to $700,000
- Borrowing available up to 90% of your property value*
- Variable-rate with fixed-rate lock options
- Interest-only payment options for qualified applicants
- Convenient access to your available funds
Not sure how much equity you may have? Use our calculator to estimate the difference between your home’s value and the amount you currently owe.
Borrow With More Flexibility
Your plans can change and the way you borrow may need to change with them. Georgia United’s Combo HELOC gives you the flexibility of a reusable line of credit with the choice to create more predictable payments.
Borrow only what you need
Use your available credit as expenses come up instead of borrowing the full amount at once. You pay interest only on the amount you borrow.
Use your available credit again
During the draw period, amounts you repay become available to borrow again without submitting a new loan application.
Add predictability with a fixed-rate lock
Lock some or all your outstanding balance into a fixed rate with fixed monthly payments. The rest of your available line can remain open for future needs.
Talk with a real person
Our Home Loan Consultants can explain your options, answer questions and help you determine whether a HELOC fits your financial goals.
How the Combo HELOC Works
With a Georgia United Combo HELOC, you do not have to choose between the flexibility of a revolving line of credit and the predictability of a fixed-rate loan. You can:
- Lock up to five portions of your balance at one time
- Select repayment terms of up to 10 years
- Lock amounts of $5,000 or more
- Continue accessing your remaining available credit
- Restore available credit as locked balances are repaid, subject to the terms of your HELOC
Your first rate lock is free. Each additional rate lock is $50.
Already have a Georgia United HELOC? To request a rate lock, call 888.493.4328, ext. 6851, or email homeequitysales@gucu.org.
Ready to Take the Next Step?
Whether you are ready to apply or still comparing your options, we are here to help.
Before you apply: Have your ID, income, mortgage and homeowner’s insurance information handy to help make the process smoother.
Not sure where to start? Book time to talk with a Home Loan Consultant or call 888.493.4328.
