What is Home Equity?

If you’ve invested to build your home’s equity, you can borrow money using your home as collateral.  Home equity lines of credit can help you pay for expenses like remodeling, college tuition, or debt consolidation.  Pay no origination fees, points, application fees, or closing costs.* Plus, your interest may be tax deductible.**

About Home Equity

Home Equity Line of Credit

A home equity line of credit is revolving.  As it gets paid down, the funds become available for reuse.  The property is subject to eligibility requirements.

  • Property must be owner-occupied, primary residence
  • Property must be located in Arizona
  • Credit lines from $10,000
  • Available as an overdraft protection source
  • Access funds at any branch through loan drafts (checks) or with a Home Equity Visa® Card
  • Transfer funds via PhoneBankOnline Banking or Mobile App
Rates accurate as of Tuesday, October 24, 2017:

Annual Percentage Rate (APR)

5.00% – 6.75% Variable***

Loans subject to approval.  $50.00 annual fee.  Rate based on LTV and creditworthiness. Certain restrictions and fees may apply. Rates subject to change.  Property insurance is required.  *Loan must remain open for a minimum of 2 years to avoid repayment of origination fees.  **Consult a tax advisor for tax deductibility guidelines. ***Variable rate maximum: 17.99% ¹Vantage West Credit Union will reimburse up to $450 of the appraisal fee. Borrower is responsible for the appraisal up front and will be reimbursed at loan funding. You must maintain a minimum balance on your Home Equity Line of Credit of $15,000.00 for 12 months.  In the event the loan balance falls below $15,000.00 at any point within 12 months of open date, the appraisal fee will be applied to your loan as a fee. Mortgage options subject to change without notice. NMLS# 485751