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Home Equity Line of Credit
Money for everyday needs and let's-make-it-happen ideas.
For almost anything that makes life better
Personalized amount
Your line of credit depends on the equity you have in your home, which is the current market value minus your mortgage balance. (Use our calculator)
Over and over
After just one application, you can access your credit line as often as you'd like for any reason at all.
Quick withdrawals
Tap into credit line funds with checks, our HELOC Visa® with Rewards card, through Online and Mobile Banking or by visiting Partner Colorado Credit Union locations.
No closing costs
That makes our fixed-rate and adjustable-rate lines of credit an even better deal.
A deal so good the name hardly matters
"HELOC" might not sound as sweet as it really is. You can borrow money at a low cost to expand a kitchen, replace a roof, cover college tuition, take an epic trip, buy something fun or simply get your finances on track by consolidating higher-interest debt.
HELOCs are available for these types of properties, as long as they're in Colorado:
- Single family residences
- Condominiums
- Townhomes
- Foundation-based manufactured homes
Fixed-Rate HELOC
- No closing costs1
- Lock in a fixed rate for the life of the loan. As you access funds, the interest rate stays the same2
- There's a 15-year term that includes a 5-year draw period and a 10-year payback period
- Consult your financial advisor about potential tax benefits3
- Borrow up to 85% Loan-to-value4
- Once we receive your documents, turnaround time is 1-3 weeks
Variable-Rate HELOC
- No closing costs1
- As you access funds, the current variable HELOC rate (based on the U.S. Prime Rate, as well as your credit history and other factors) is applied5
- There's a 20-year term that includes a 10-year draw period and a 10-year payback period
- Consult your financial advisor about potential tax benefits3
- Borrow up to 85% Loan-to-value4
- Once we receive your documents, turnaround time is 1-3 weeks
Partner Colorado HELOC Visa® with Rewards
- A convenient way to access the credit available in your HELOC, at the same low rate
- Make purchases anywhere Visa® is accepted
- Earn one reward point for every dollar spent with every purchase, redeemable for cash back, travel and merchandise (Check out reward options at scorecardrewards.com6)
- There's no minimum transaction amount
- Maximum daily purchase limit of $10,000
- You may be able to deduct the interest on card purchases used to improve, buy, or build a home (Consult a tax advisor regarding deductibility)
Online Banking
Take control of your personal finances through Online Banking.
- Real-time information
- Transfer money easily
- Track what's important to you
Online Bill Pay
Managing and paying your bills is more efficient when you move the process online.
- Instant payments
- Set it up on your time
- Better organization
Resources to move you ahead.
Make sure you get the most out of your money.
Understand the home loan process.
How much money is your home worth?
Get your debt payoff plan on track.
No closing costs in most cases. An upfront appraisal fee of $450.00 may be required at member expense on loans greater than $75,000 or loan-to-value exceeding 70%. Refinancing a present loan held by Partner Colorado Credit Union is excluded from this offer. Closing costs include settlement fees, flood determination fee, title search, government fees and recording charges, taxes, and when required, appraisal fees, title insurance and any fees associated with condominium properties; no closing costs on HELOC subject to change anytime without notice. For loan amounts up to $250,000, closing costs typically range between $250 and $1,800. Closing costs depend on the location of the property, property type and the amount of the Equity Line.
Certain conditions and restrictions may apply. Colorado owner-occupied properties only. Rates are as low as 8.50% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount and occupancy, so your rate may differ. Borrow against your available credit line for a period of 5 years, after which any existing balance must be paid in full within the following 10 years.
Consult your tax advisor to determine eligibility.
Certain restrictions apply.
Certain conditions and restrictions may apply. Colorado owner-occupied properties only. Variable-rate loans are as low as 7.75% APR and are based on an evaluation of credit history, CLTV (combined loan-to-value) ratio, loan amount and occupancy, so your rate may differ. The plan has a maximum APR of 18.00%. Members with a variable-rate Home Equity Line of Credit may borrow against their available credit line for a period of 10 years, after which any existing balance must be paid in full within the following 10 years.