Home Equity Line of Credit

Acclaim’s Home Equity Line of Credit (HELOC) is a revolving line of credit that uses your home as collateral. Members who apply and receive a HELOC are approved for a specific amount of credit. Because the home is likely to be a consumer's largest asset, many homeowners use their credit lines only for major items such as education, home improvements, or medical bills and not for day-to-day expenses. As always, please consult your tax advisor!

Borrow up to 90% of the value of your home, less the amount owed on your present mortgage. If the home equity line of credit is subordinate to a mortgage with another lender, the maximum loan amount is $150,000.  The minimum credit limit is $7,500 & the minimum monthly payment amount is $100.

We have a variable rate beginning at 4.50% APR1 based on prime and credit worthiness.

Ready to start an application?  Click Here to Request a Loan or you can Email Loan@AcclaimFCU.org, or contact us at 1-888-794-1001 Option 1.

(1) APR = Annual Percentage Rate. Rates and terms are subject to change. Loans are subject to credit approval. Maximum APR for Home Equity Lines of Credit is 18.00%. Available in all states except Texas. If an appraisal is deemed necessary, an appraisal fee may be collected at that time and is non-refundable if the borrower does not close their home equity loan with Acclaim. The payment on a $150,000, 15 year fixed-rate loan at 4.50% APR is $1,147.80. Floor rate on this loan is 4.50% APR