Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) from DCCU is a smart way to use the equity in your home to get the money you need - for home remodels, education costs, and more. And it's a great way to consolidate debt!

A HELOC is different than a Home Equity Loan because it is a revolving line of credit. Home Equity Lines of Credit have many benefits, including:

  • No fees
  • Great low rates
  • A streamlined application process
  • Accessing your line of credit is easy - simply make a transfer to your checking account within Online Banking or Mobile Banking
  • The principal can be re-borrowed as payments are made

Terms, Restrictions, and Fees apply. Rate valid as of 04/01/2016. *APR may vary. Maximum rate 16.00%. Offer subject to creditworthiness and collateral limits. Offer applies to only approved and closed loans for which an application was submitted April 1, 2016 - May 31, 2016. Offer of $250.00 will be deposited into your DCCU savings account on the day of loan funding and may be reportable as taxable income. Minimum loan amount of $10,000 required for $250 and no closing cost offer. “No closing cost” does not include the cost of an appraisal if one is needed. Original closing cost will be assessed if the loan is paid off and closed within the two years of funding. For complete credit cost and terms, visit mydccu.com or call 1.800.245.8085.

Limited-time Offer:

Home Equity Line of Credit Offer

Home Equity Loan

A home equity loan is another type of home equity financing in which the full amount of the loan is advanced up front, rather than drawing from available funds as needed, like with a home equity line of credit. The loan is repaid in fixed monthly payments, similar to the original mortgage. 

A home equity loan could be a good choice if:

  • You prefer a loan with a fixed monthly payment
  • You want to take advantage of tax savings (contact your tax advisor)
  • You want to repay your loan quickly

DCCU offers home equity loans with 5 and 10 year terms.

What Our Members Are Saying

DCCU Member Story - HELOC

See how home equity financing can help pay for home renovations and other expenses.


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