Home Equity Line of Credit
Whether you want to renovate, pay tuition or just sneak off to some exotic locale, we won’t judge—we just want to help! With a home equity line of credit, you’ll have a flexible source of cash with a lower interest rate than credit cards or other loans.
Enjoy the peace of mind that comes with access to:
- A line of credit that provides a smart source of cash
- Borrow up to 70% of your combined loan to value
- No points, closing costs or annual fees (on loans up to $250,000)
- Low “interest only” minimum monthly payments (Balloon Payment at maturity)
- Instant access online or with free PrimeLine checks
- Interest may be tax-deductible (consult with your tax advisor)
Additional Resources
- PrimeLine Home Equity Line of Credit Program Disclosure
- What You Should Know About Home Equity Lines of Credit
- Get a Homeowners Insurance Quote
The Logix PrimeLine Home Equity Line of Credit is an adjustable rate loan. The PrimeLine Variable Rate Home Equity Line of Credit (HELOC) current APR, which is accurate as of and is subject to change, is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 70%. The rate is variable, is subject to change monthly, and may increase after consummation. Maximum APR 18%. The HELOC term is 15 years. Minimum interest-only monthly payment results in a Balloon payment at maturity. Minimum credit limit is $25,000; Maximum $250,000. Property Insurance and a lien is required on the subject property. No closing costs if credit limit is $250,000 or less and HELOC is not closed within the first 36 months. Additional state-related taxes and fees may apply. Consult your tax advisor regarding deductibility of interest. The PrimeLine Variable-Rate Home Equity Line of Credit is available only on owner-occupied properties located in CA, MD, NV, NH, VA, MA and ME. APR = Annual Percentage Rate. Logix Smarter Banking is a registered trademark of Logix Federal Credit Union. Logix membership required. NMLS ID 503781