*APR=Annual Percentage Rate. Loan rates determined by individual creditworthiness, qualifications and term of loan. 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 and up to $1,000 towards your closing costs.**
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