Home Equity Line of Credit

Your house is more than just a home – it’s a financial investment. Sometimes, it helps to leverage the equity in your home to help accomplish other important goals! Inspire FCU's home equity line of credit is designed to help you reach even the most challenging goals when they arise. You have the power to borrow the funds when you need them, and only pay back on the amount you borrow.

A home equity line of credit can provide a sense of security to provide you the means necessary without the added stress of finding financing when the time comes. Don’t need the funds? No problem. But, rest assured that you have access to them when needed.


Features & Benefits

  • Borrow up to 100% of your home’s value (LTV)* 
  • Competitive rates with flexible terms
  • Interest only payment options
  • Borrow only what you need, and pay on only the balance of your loan
  • Access your funds with HELOC Checks
  • Access account details conveniently online to view balance and make payments directly from your Inspire FCU Checking Account
  • Quick, in-house decisioning

    Common Uses

    • Home improvement

    • Secondary education expenses

    • Debt consolidation

    • Small business start-up expenses


    • 10 year draw with 15 year repayment (25 year total term)

    • Borrow up to $500,000

    Please visit our rates page for full disclosure and account terms and conditions.

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    *LTV = Loan-to-Value Rates, terms and loan-to-value (LTV) options vary based on applicant's credit worthiness. Loan may not exceed 100% loan-to-value based on appraised value of residence. Inspire FCU is not responsible for any subordination fees charged by other lenders when refinancing. All applications subject to approval. The product is a variable rate home equity line of credit and is secured by your primary residence.

    3APR = Annual Percentage Rate. Subject to credit approval. Rates quoted assume excellent borrower credit history. Your actual APR will be based on creditworthiness and income. Qualifying applicants will receive introductory rate of 2.49% APR that will expire after 6 months and new rate will adjust to a variable APR between 5.24% - 8.00% APR, but not to exceed 15% APR, depending on creditworthiness and Loan to Value. $5,000 initial draw required for Introductory rate of 2.49% APR. Certain restrictions may apply to introductory rate and not all borrowers will qualify. Home Equity Line of Credit is a Variable Rate product which is based on the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal in effect on the first business day of December, March, June and September of each year. ("Index") plus or minus the margin - The Index plus or minus the margin equals the Interest Rate. Changes in the index will cause changes in the Interest Rate on the first day of January, April, July and October of each year. Interest you pay may be tax deductible. An early closure fee may apply - see Credit Union fee schedule for details. A credit union membership fee may apply - see Credit Union fee schedule for details. Property insurance is required for real estate secured loans. Consult a tax advisor regarding the deductibility of interest. In no event will the regular Annual Percentage Rate be less than 3.99% or more than the lesser of 15% per annum or the maximum rate allowed by applicable law. Payment examples do not include amounts for taxes and insurance premiums, actual payments may vary. The minimum monthly payment is $50.