Your house is a place to make memories and create traditions that last a lifetime. The value of your home is priceless and can help you achieve the goals you need for a brighter, better future.
Call Federal’s home equity lines of credit (HELOCs) turn high-value home equity into revolving credit lines that finance home improvements, debt consolidations, college tuition, and even weddings and dream vacations.
Key Benefits
Variety of Uses
Home repairs, college tuitions, debt consolidations, and so much more are payable from a single HELOC loan. Once you are approved for your loan, the sky’s the limit!
Competitive Interest Rates
Leveraging the value of your home is one of the best money hacks for financing your future. Check out Call Federal FCU’s current HELOC rates to see how they could match your lifestyle.
Flexible Funding & Repayment
Your HELOC can help you to pay back borrowed funds on your terms. From interest-only payments to fixed-rate second mortgages, our team is excited to discover the right solution for you.
Home Equity Lines of Credit – At A Glance
| Home Equity Line of Credit | Interest-Only Home Equity Line | |
| Terms | Variable Rate / 15 Years | Variable Rate / 20 years |
| Rate | 7.75% - 9.425%* APR | 8.25% - 9.925%* APR |
| Draw Period | 8 Years Pay monthly principal + interest |
10 Years Option to pay interest-only |
| Repayment | 7 Years to pay full balance | 10 Years to pay full balance |
APR= ANNUAL PERCENTAGE RATE. RATES, TERMS AND CONDITIONS ARE SUBJECT TO CHANGE AND MAY VARY BASED ON CREDITWORTHINESS, QUALIFICATIONS AND COLLATERAL CONDITIONS. ALL LOANS SUBJECT TO APPROVAL. CREDIT UNION MEMBERSHIP REQUIRED.
* THE BEST HOME EQUITY LINE OF CREDIT RATE LISTED FOR EACH PRODUCT ASSUMES TOP-TIER CREDIT, 80% OR LESS COMBINED LOAN-TO-VALUE AS WELL AS A 0.50% DISCOUNT FOR MEMBERS WHO SET-UP AUTO TRANSFER PAYMENT FROM A CALL FEDERAL CHECKING ACCOUNT. THIS DISCOUNT IS ONLY AVAILABLE AT THE TIME THE LINE OF CREDIT IS PROCESSED. IF THE MEMBER RECEIVES THIS DISCOUNTED RATE, BUT DISCONTINUES THE AUTO-TRANSFER, THE LOAN RATE WILL AUTOMATICALLY BE ADJUSTED ACCORDINGLY. ANY RATE CHANGES FOR INTEREST-ONLY (20-YR) HOME EQUITY LINES ARE MADE ON THE FIRST DAY OF EACH MONTH. THE 15-YR HOME EQUITY LINE OF CREDIT IS ADJUSTED QUARTERLY, WHEN APPLICABLE, ON THE FIRST DAY OF JANUARY, APRIL, JULY AND OCTOBER. INTEREST RATES ARE BASED ON THE PRIME RATE AS PUBLISHED IN THE MONEY RATES COLUMN OF THE WALL STREET JOURNAL.
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