*APR=Annual Percentage Rate. Loan rates determined by individual creditworthiness, qualifications, term of loan and collateral conditions including age of vehicle. Rates, terms and conditions subject to change.
Go to main navigationHome Equity Line of Credit
A home equity line of credit (HELOC) offers flexibility and security—you can withdraw funds as you need them, up to your available credit limit. All DCU HELOCs feature a 10-year draw period.
Classic HELOC
- Make payments only on the amount you use
- A portion of your payment is applied to the principle
- 15-year repayment period
Interest Only HELOC
- Only pay the interest each month
- Interest-only payments are not applied to the principle
- 20-year repayment period
Home Equity Loan
A home equity loan is a good option if you have a large expense and know exactly how much money you’ll need. Your payment will stay the same every month and you’ll know exactly when it will be paid off.
- Receive all your funds as one lump sum
- Make fixed payments over the life of the loan
- Choose a 5, 10 or 15-year repayment period