A Great Financial Choice!

Home Equity Line of Credit

Introductory Rate: 1.99% APR* For 6 Months

A Home Equity Line of Credit from AmeriCU is a great financial choice! And with a low 1.99% APR* introductory rate for the first 6 months, it’s never been a better time to borrow. You can use the equity in your home for improvements, renovations, remodels, repairs, to consolidate debt, and more. Get the money you need at a rate you’ll love.

Get started today! Visit your local AmeriCU Financial Center, call our Member Service Center at 800.388.200 or apply online. Our friendly, local staff are here to help you live life, dream big, and achieve financial success.

Apply Today!

With AmeriCU’s Home Equity Line of credit, you get:

  • A low, variable interest rate tied to the Prime Rate.
  • Interest-only payments for the initial access (draw) period of 10 years.
  • You can access funds (draw) at any time by writing a check, making an online transfer, or with a phone call. It’s easy to transfer the money you need to your checking account.
  • After the access (draw) period of 10 years, the line of credit is closed and you have an additional 15 years to repay

*APR = Annual Percentage Rate. Rates and terms are accurate as of April 1, 2019 and are subject to change without notice. The advertised rate is available on Home Equity Lines of Credit with an 80% loan-to-value, less first mortgage. After first 6 months, rate is variable based on the prime rate published in the Wall Street Journal plus a margin (0% APR). If the introductory rate were not offered, the rate would be the Prime Rate which is 5.50% as of February 1, 2019. Minimum line of credit is $7,500. Rates can increase or decrease, but not fall below 2.75% APR or exceed 15.00% APR. Applications are subject to credit approval. Rates and terms are determined by overall credit history, loan-to-value and term of loan, and are subject to change without notice. If the loan is closed within 3 years, the member reimburses closing costs incurred by AmeriCU plus any additional fees to satisfy legal requirements. Fees can range from $35 to $1,500. A Home Equity Line of Credit is secured by a lien on property. Product not eligible for MemberPlus relationship pricing. Equal Housing Lender. Federally insured by NCUA. Membership restrictions apply.