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Combo Home Equity Line of Credit

Put your home equity to work with a home equity line of credit, or HELOC, and fund your dream home renovation, make a big purchase, consolidate high-interest debt or whatever else you need.
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Unlock your home's equity

Georgia United Credit Union’s Combo HELOC can help you get the cash you need to fund a big expense or a home project. It's a combination of a home equity loan and home equity line of credit, giving you the option to secure a fixed rate with a fixed monthly payment or a variable rate line of credit. 

  • Credit lines from $10,000 - $500,000
  • Borrow up to 90% of your home's equity

Unlock the power of your home's equity today and say hello to endless possibilities.

COMBO HELOC Benefits

Easy to Budget

Protect your budget by locking in a fixed rate on your HELOC balance for up to 10 years. With predictable monthly payments, you can plan and budget with confidence.

Lower Payments

HELOC rates are drastically lower than credit card rates, which save you money in the long run. Qualified borrowers have the additional option of interest-only payments. 

Convenient Banking

We've made managing your funds more convenient than ever. Easily access your funds through checks, Online Banking or by visiting a Georgia United branch or ATM. 

Featured Rates

Home Equity Line of Credit

rates as low as
7.00%
APR*

How it Works

Rates that fit your budget

You can choose to lock all or a portion of your Combo HELOC balance into a fixed rate with fixed monthly payments. Lock up to five portions at any one time for terms up to 10 years. As you repay the locked balances, your available line of credit amount increases and becomes available to use.

  • Minimum lock amount is $5,000
  • First rate lock is free and each additional lock is $50

To request a rate lock on your existing Georgia United HELOC, call 888.493.4328 ext. 6851 or email homeequity@gucu.org.

What You'll Need to Apply for a HELOC

To accurately determine your credit request you may be asked to provide some or all of the items listed below. To expedite this process, you can choose to upload these items at the time of submitting your application.

  • Driver's license
  • Pay stubs for most recent 30 days
  • IRS W-2 forms for most recent year
  • Tax returns for most recent two years, if self-employed
  • Most recent mortgage statement for all properties owned
  • Homeowner's insurance declaration pages for all properties owned
  • Current property tax billing statements for all properties owned 

It's Easy to Apply for a Home Equity Line of Credit

At Georgia United, we want to make the application process easy for you. Our Home Loan Consultants can walk you through each step of the process and answer any questions you have. To contact a Home Loan Consultant, call 888.493.4328 ext. 6851 or email homeequity@gucu.org.

 

“
For something as big as a "HUGE LINE OF CREDIT" against your home, Georgia United made the process pretty effortless and easy. To be able to do most of it online and show up at closing, where it literally took less than 20 minutes, was just way beyond what we could have expected. Everything from start to finish was easy and timely.
- Dee and Thomas T.

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*APR = Annual Percentage Rate. Combo Home Equity Lines of Credit are variable based on the U.S. prime rate. Rates as low as 7.00% APR and are based on individual creditworthiness, loan-to-value ratio and ability to repay. The maximum APR that can apply is 15.00%. Members have the ability to lock the balance or portions of the balance into a low, fixed rate for term options up to 10 years. First rate lock is free; each additional is $50. Minimum fixed rate lock amount per loan is $5,000. The minimum amount due for each segment must be satisfied each month. Payments over and above the amount(s) due are automatically paid to the highest rate segment unless otherwise specified. For loan amounts of up to $500,000, closing costs that members must pay consist of a $500 or $750 Origination Fee (depending upon the combined loan-to-value ratio) and estimated third party fees typically ranging between $0 to $2,750. Property insurance is required. Flood insurance may be required. Fees will vary on the lines. Fees will be added to the line at closing or can be paid up front. Not all products are available in all states or for all amounts. All home lending products are subject to credit and property approval. Other restrictions and qualifications apply. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice. All loans are subject to pricing adjustments based on the borrower’s credit worthiness and loan-to-value. Membership eligibility restrictions and qualifications apply. Membership requires a $5 opening deposit plus a $5 one-time, nonrefundable membership fee. Not all applicants will qualify.

Rates effective as of 3.25.25