Unlock your home's equity with a HELOC.

Home Equity Lines of Credit, or HELOCs, are revolving credit lines that are similar to credit cards, but instead secured by the equity in your home. They are a convenient way to take money out in smaller chunks to pay for house projects, vacations, college tuition, emergencies, or to consolidate high interest debt into low monthly payments. You can take out the funds you need now and only repay on the amount borrowed.

Let HomeTown help you leverage the value of your home today.

Our HELOCs include:

• Borrowing up to 90%** of your home’s value
• Terms up to 120 months
• No or low closing costs
• Interest only accrues on what you borrow
• Easy access using online banking, debit card, or at any branch
• Could be tax deductible (consult with a tax professional)

Ready to use your equity?

Right now, HomeTown is offering an introductory HELOC rate for the first 6 months to help make any project or large purchase that much simpler. This special rate is the best we've seen in years — don't wait!

Apply now and check out all our current rates at the links below.

Apply for a HELOC   Check HELOC Rates

**Home Equity and HELOC can borrow up to 90% LTV if you are qualified. Additional loans over 80% LTV are available and will need to comply with a HomeTown Home Equity loan program. The after improved value on the appraisal is used with a maximum LTV no greater than 80% of the loan amount. During the draw period you will make monthly payments on a pre-determined recurring date equal to 1.00% of your outstanding balance as of your last advance date.  Your payment will be rounded to the nearest whole dollar. Your payment will include any amounts past due and any amount by which you have exceeded your credit limit, and all other charges. Your payment will always be at least $100. Please see loan department for approval and full details.

*Home Equity Line of Credit (HELOC) introductory rates as listed above are not based on the index and margin used to make later variable rate adjustments. The introductory rate is available for new HELOCs only opened March 24th through June 15th, 2025, subject to credit approval. You will receive the introductory rate for the 6-month promotional period starting from the original loan date. For borrowers with 80% loan to value or less, the introductory rate will be 1.99% For borrowers with 80.001% to 90% loan to value, the rate will be 3.99%. After the initial 6 months, the rate becomes variable and is subject to change quarterly following the initial rate adjustment at the end of the promotional period. The rate cannot increase or decrease by more than 2.00% per calendar year. The HELOC rate is determined by a margin in relation to the index set by the Wall Street Journal Prime Rate. As of December 19th, 2024, the index was 7.50%. When added to the margin of 0.00%, it makes the current HELOC rate 7.50% APR for a Loan to Value (LTV) up to 80%, with a minimum APR of 4.25% and a maximum APR of 11.25%. The margin for a LTV of 80.001% to 90% is 1.00% resulting in a current rate of 8.50% APR, with a minimum APR of 5.25% and a maximum APR of 11.25%. There may be costs to obtain your loan. Settlement costs can vary and are generally between $100-$1,000. †The credit union will pay closing costs excluding any appraisal fees. If your loan is paid in full and closed within 36 months, the credit union will collect the settlement costs from your loan with the final payment. APR = Annual Percentage Rate.

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