Home Equity Line of Credit

as low as 4.99%APR* for the first 12 months... as low as 8.25% Variable APR* thereafter

This flexible, variable-rate loan lets you use the money when you need it and only make payments on what you use. So it's perfect for home improvements or college expenses.



  • Lower rates than most credit cards.
  • You can choose to pay interest only, or interest and principal, each month.
  • Substantial tax benefits may apply.
  • The funds are available whenever you need them -- and you make payments only on the amount you use.
  • Flexible Terms: 10 year draw period | 15 year repay period following draw period
APPLY NOW! for a HELOC loan. 

*APR = Annual Percentage Rate is variable after 12 months based on Prime Rate of 8.50% as published in the Wall Street Journal as of July 27, 2023, plus a margin of between -0.25% and +1.00% for lines of $5,000 to $300,000 up to 80% loan to value (LTV). Rate will not fall below 4.00%APR. The 4.99% APR Promotional rate is available for 12 months from the date of the advance. Advertised rates are based on a maximum home equity combined loan to value (HCLTV) of 80%.  Loans with HCLTV between 80.01% and 90.00% are also available at different rates and terms. The current lowest rate is 4.00%APR. Offer applies to residential property; 1-4 unit owner occupied only. Non-refundable appraisal fee may apply. Promotional rate is available for an initial advance of $5,000 for new home equity lines of credit. To qualify for promotional rate, advance must be made in-person. Offer is subject to CTCU membership qualification and credit approval and may be changed or withdrawn. Property insurance is required. Flood insurance may be required.

Member Benefits

  • Lower rates than most credit cards and usually with a much higher credit limit.
  • You have the option each month for the first 10 years to pay interest only, or both interest and principal.
  • Substantial tax benefits may apply
  • Convenience of having the funds available whenever you need them.


  • All rates are variable and will adjust monthly, according to the Prime Rate as reported in the Wall Street Journal.
  • Appraisal fee may be required.
  • Minimum line of credit is $5,000
  • The first advance has a minimum of $5,000.00; subsequent advances can be made for as little as $1,000.00.
  • Maximum line of credit is $300,000.
  • Maximum LTV (loan to value) is 90%. Loan to value may be lower depending on collateral and other underwriting conditions. Loan to value is calculated by taking the total of all liens (loans) attached to the property and dividing it by the value.