You are leaving the Visions Federal Credit Union web site. The privacy and security policies of the external link may differ from Visions Federal Credit Union. Visions Federal Credit Union does not own or control external links and is not responsible for the availability or accuracy of their content.
Visions Federal Credit Union uses small text files called cookies to collect anonymous Web site traffic data. This information helps improve our Web services. Our cookies do not collect or store any personally identifiable information.
Home Equity Line of Credit
You've earned it.
Current member who needs a VisionLine ID? Click here to register.
Not a member yet? Take just a few minutes and join online through VisionLine, our online banking system and then you can apply for the loan. Click here to join.
Home improvements, lower credit card bills, college, even a special vacation: Imagine all the things your home could do for you.
Yes, homeownership comes with significant cost. But, it's also the best investment you can make.
A low-interest home equity line of credit (HELOC) is one of the best – and easiest – ways to take advantage of your most valuable asset. Your HELOC uses your home's value to put cash on hand for whatever you want, whenever you need it.
Unlike a home equity loan, a HELOC acts more like a credit card. You only take and pay interest on what you use. Browse our helpful articles and consider our competitive rates and flexible terms to determine if a Visions HELOC is the right move for you.
How does it 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 HELOC tends to have lower rates than other loans because the value you've built in your home acts as security.
ANY PURPOSE HELOC
A home equity line of credit with Visions lets you unlock your equity. This means the current market value of your home minus any first mortgage balance.
You've earned it, now use it. Your HELOC is there for what you need, when you need it: college expenses, home improvements, consolidation, or any other major expense.
With low rates and flexible options, a HELOC with Visions makes your home's equity work for you.
A low rate on a Visions HELOC means you can do more and spend less.
- Prime rate1 minus 0.25% (monthly variable).
- Minimum rate: 3%
- Maximum rate: 15.8%
Be ready for life's unexpected events. You only pay for what you advance on a HELOC, so having a backup means you’re not paying more for that peace of mind. Limits2 are based on your combined loan-to-value, or CLTV. This means your appraised balance minus any first mortgage balance.
- Combined LTV less than 80%: $500,000
- Combined LTV 80.01-100%: $250,000
- Prime rate as quoted in the Wall Street Journal.
- All loan values are subject to change based on property location and creditworthiness. Limits based on combined loan to value (CLTV), calculated as appraised value minus first mortgage balance.