Your home is your forever.
When life gets expensive, it's good to know you have something extra.
Sometimes, it might be as simple as paying a pile of bills. Other times, you might be carrying out a grand plan, like remodeling your home or paying for college. With a Home Equity Line of Credit, you can afford to get it all done with a low-cost line that you can use as you need.
- Enjoy a rate as low as 7.25% APR*
- Revolving line with credit limit based on the equity in your home
- Line of credit rates are based on the WSJ Prime Rate
- Easily access your HELOC funds using checks, via online and mobile banking, or by visiting XCEL branches
- Interest charges may be tax-deductible - consult your tax advisor for more information
- No closing costs**
XCEL FCU is a credit union serving members in New Jersey, New York and across the country.
Disclosures
*APR=Annual Percentage Rate. No closing costs apply; however, borrower is responsible for payment of mortgage recording taxes, government fees, or other state-specific charges, including those required in New York. Minimum monthly payments are required; a 15-day grace period applies before payments are considered late.
A home equity line of credit is secured by a first or second mortgage lien on your home, which must be one-to-four family residential real estate. This type of credit is not available for modular homes, manufactured homes or cooperatives.
Credit is subject to approval; not all applicants will qualify.
**XCEL FCU will pay most of your closing costs on a home equity application excluding government recording charges and taxes when required. Home Equity Loans and Lines of Credit paid off and closed in less than two years from the loan origination will require reimbursement of all closing costs paid by XCEL FCU. Closing costs depend on the location of the property and the amount of the Home Equity Loan and/or Line of Credit.
