Home Equity Line Of Credit


With a home equity line of credit (HELOC), you can access cash whenever you need it. It’s basically a revolving line of credit. The benefit of a HELOC is that you have funds available to borrow as you need, but only pay interest on the outstanding balance, which can be paid down at any time.

For your convenience, Spirit Financial Credit Union offers you access to your line of credit by simply writing a check for your expense, or logging into your online account and transferring the money directly into your Spirit Financial checking account. 


Home Equity Line of Credit Features

  • No closing costs

  • No annual fees

  • No inactivity fees

  • 10 year draw period, 10 year repayment

  • Borrow up to 85% of the current value of your home**

Have questions or want to know which type of home equity loan product is best for your needs? Speak to a Spirit Financial Credit Union loan officer at (267) 580-0230 or stop by our branch.

Account Rates

Effective Date (5/15/2018) and Rates Subject to Change.

Balance Tier APR*
Up to 85% Market Value Financing** *as low as 3.49%

*APR = Annual Percentage Rate. Rates are for qualified borrowers and are based on the credit worthiness of the individual. Actual rates may be different than the rates shown. APRs reflect a 0.25% discount for loan payment via automatic funds transfer from a Spirit Financial Credit Union account. Otherwise, APR is 0.25% higher.
** Borrow up to 85% of the current value of your home, less any outstanding liens, based on credit worthiness.