Home Equity Line of Credit

¹Subject to credit underwriting and approval. Loan amount may vary based upon credit approval. Visit our rates page for all available rates and terms. Rates effective as of  and subject to change at any time. Offers may be withdrawn at any time. Workers Federal Credit Union membership required. APR=Annual Percentage Rate.

²Maximum combined loan to value is 80% or 90% for owner-occupied primary residence. Investment properties are not eligible. Homeowner’s insurance is required. Minimum loan amount is $25,000. 

• 80% Financing: There is a 10-year draw period and a 10-year repayment period. The payment does not include taxes and insurance. The payment may be greater. An annual fee of $50 will be waived if the borrower has the monthly payment paid automatically from a Workers checking account. Offer applies to new Workers Federal Credit Union lines only. Owner-occupied primary residence only to a maximum 80% combined loan-to-value and a maximum of 75% combined loan-to-value on owner-occupied second homes. Investment properties are not eligible. Homeowner’s insurance is required. $500 early termination fee will be charged if discharged within the first two years. Current Wall Street Journal Prime is {{RatePlaceHolder}}. Maximum Rate is 18%. Minimum Rate is 2.99%. The Interest Rate is variable and will be set on the first business day of each month at minus .500% below the Prime Rate published in the Wall Street Journal on the last business day of the previous month. Minimum line amount is $25,000.
• 90% Financing: The Interest Rate is variable and will be set on the first business day of each month at plus 1.00% above the Prime Rate published in the Wall Street Journal on the last business day of the previous month. The Current Wall Street Journal Prime is {{RatePlaceHolder}}. Maximum rate is 18%. Minimum Rate is 5.00%. There is a 10-year draw period and a 10-year repayment period. The payment does not include taxes and insurance. The payment may be greater. Maximum loan to value is 90%. An annual fee of $50 will be waived if the borrower has the monthly payment paid automatically from a Workers checking account. $500 early termination fee will be charged if discharged within the first two years. Offer applies to new loans only on owner-occupied single family and condominiums only. Investment properties are not eligible. Homeowners insurance required.

³HELOC Fees and Charges: To open and maintain a line of credit, you must pay the following fees to us: Annual Fee of $50.00, which is due annually. You also must pay certain fees to third parties. These fees generally total between $0 and $3,500. If you ask, we will give you an itemization of the fees you will have to pay to third parties. Unless otherwise noted, all fees will be paid at closing. For HELOCs $400,000 - $1,000,000, a full appraisal is required, and the appraisal cost is paid by the borrower.

⁴Text, data, and messaging rates apply for downloading/utilizing the app and text alerts.