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Home > Personal > Borrow > Home Loans > Home Equity Line of Credit

Choice Home Equity Line of Credit

  • Eligible borrowers can access up to 90% of their home's value.
  • Line of Credit starts at $25,000.
  • Maximum Line of Credit amount is FHFA Max Conforming Limit, currently $726,200.
  • No Closing Costs on lines of $50,000 or more. 
  • Variable rate and payment competitively priced.
  • Ability to make future advances for 10 years.
  • Repayment term based on 15 years.
  • Additional advances in $500 increments.

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Mortgage Program Rates
TypeMaximum Term*APR as low asMinimum Loan AmountAdditional AdvancesAdditional Information
Choice Home Equity1,2 15 Years 7.50% $25,0003 $500 minimum No prepayment penalty. Offered in most states.
Easy-Refinance1 15 Years Call for current rates $25k Not Available Cash-out option available

10 &15 Year Term-$1,500 fixed closing costs
First Mortgage ACU offers low-rate first mortgages in most states.
Rates change daily. Call the Credit Union at 800-245-8112 to check current rates.
Payment ExamplesHELOC- Estimated monthly payment on $10,000 loan with a 15 year term at 7.50% APR is $92.70.
Easy Refinance- Estimated monthly payment on a $25,000 loan with a 15 year term at 6.75% APR is $221.23.
First Mortgage- Estimated monthly payment on a $25,000 loan with a 30 year term at 6.75% APR is $162.15

*A.P.R. = Annual Percentage Rate. Not all will qualify for lowest rate.
1 Rate offered will be based on combination of factors including credit score and loan-to-value ratio. Property Insurance is required.
2 Variable rate is subject to change semi-annually. Max rate is 24.00%
3 Maximum line-of-credit is the lesser of: 90% of the Market Value less 1st Mortgage OR FHFA Max Conforming loan limit, currently $726,200.

Mortgage Calculators

* Not available in all states. Please contact us to confirm availability in your area. Not all will qualify for the lowest rate.