Special HELOC Offer: No Closing Costs!*
Introduction
Tap into your home's value for a convenient, flexible source of funds – with no closing costs!
Apply now and you could pay no closing costs if you open a new Home Equity Line of Credit (HELOC) with an initial advance of $25,000 or more in new money. But don't wait – this offer is only available for a limited time. Get started today with our online application or speak with an expert at your local branch.
Unlock Your Home's Equity
Home improvements, tuition, even an epic vacation – imagine all the things that your home could do for you.
While homeownership comes with a significant cost, it's also the best investment you can make. A HELOC is your return on that investment, using your home's equity to put cash on hand for whatever you want, whenever you need it.
Unlike a traditional home equity loan, think of a home equity line of credit like a credit card – you only take and pay interest on what you use. You might even be able to borrow up to 100% of your home's equity, offering you flexibility you can't get anywhere else.
Frequently Asked Questions
How does a home equity line of credit work?
You've worked to build equity in your home. It's an investment, and a home equity line of credit can be the return.
A home equity line of credit tends to have lower rates than other loans because the value you've built in your home acts as security. And the interest you pay on many home equity loans is tax-deductible, helping you save twice.
How much credit can I get with my HELOC?
You can get up to 100% of your home’s equity. That’s the assessed value of your home minus what you’ve paid on your first mortgage.
For example, a home valued at $150,000 with $75,000 remaining on the mortgage would yield a credit line of up to $75,000. You only pay interest on what you use. Click here for the current rates.
How can I calculate my equity?
Use the calculator at the bottom of the page – it's easy!
What will I need for my application?
It's easier than you think! Just gather Proof of Ownership and Proof of Income to get started.
PROOF OF OWNERSHIP
Qualified proof required, such as the deed to your property.
PROOF OF INCOME
Traditional employment income:
• Two years W2s
• 30 days paystubs
Self-employment income:
• Two years signed tax returns
Retirement income:
• Two years 1099s
Rental property income:
• Two years signed tax returns
...and that's all you need to begin the application!
During the application process, you may be required to provide your homeowners insurance binder, current tax bills, most recent mortgage statement, and other documentation if applicable.
Apply online or connect with a representative to take the next step. We're available at your local branch or over the phone at 800.242.2120.
Additional Information
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*Eligible Lending Counties - Geographic Boundaries
Visions can lend to the following areas if a person qualifies for membership:New Jersey:
Bergen, Essex, Hudson, Hunterdon, Monmouth, Middlesex, Morris, Passaic, Somerset, Sussex, Warren, and Union
New York:
Broome, Cayuga, Chemung, Chenango, Cortland, Delaware, Dutchess, Greene, Jefferson, Livingston, Madison, Monroe, Oneida, Onondaga, Ontario, Orange, Orleans, Oswego, Otsego, Rockland, Schuyler, Seneca, Steuben, Tioga, Tompkins, Wayne, Westchester, Wyoming, and Yates.
Pennsylvania:
Berks, Bradford, Carbon, Chester, Cumberland, Dauphin, Lancaster, Lebanon, Lehigh, Monroe, Montgomery, Northampton, Pike, Schuylkill, Susquehanna, Tioga, Wyoming, and York.
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Debt Protection
Your Home Equity Line of Credit may also qualify for Debt Protection. Add it to your loan during the application process or contact us at 800.242.2120 to request changes to your coverage. Learn more about Debt Protection.
*No Closing Costs: APR = Annual Percentage Rate. Rate and terms are available on new home equity lines only. Credit union membership required with a $1 minimum deposit; restrictions apply, ask for details. Property must be owner-occupied. Maximum line amount is $500,000 with a CLTV up to 80% of appraised value minus a first mortgage. Maximum line amount is $250,000 for lines with a CLTV of 80.01%-100% of appraised value minus a first mortgage. APR is Prime -.25% with a minimum rate of 3.00% and a maximum rate of 15.80% APR. Visit visionsfcu.org/rates for current rate information. The following conditions must be met to waive closing costs: automatic payment on the new line and a minimum of $25,000 in new money advanced at closing. Estimated savings of closing costs, which varies by geographic market and property, generally total between $625 and $4875, including, but not limited to, the following costs: Automated Valuation Method (AVM), flood determination, credit report, lender attorney fees, recording fee, mortgage tax, and title insurance (if applicable). Borrowers may be responsible for appraisal cost, if applicable. Property insurance is required. Flood insurance may be required. Borrower(s) will need to reimburse the credit union the full value of the closing costs resulting from the loan origination if the line is paid off and closed within 36 months of opening. Offer subject to change or expire without notice. Applications must be submitted no later than 12/31/26. Equal Housing Lender. Federally insured by NCUA.
