Home Equity Line of Credit

Use the equity in your home to pay for college tuition and school expenses, remodel your kitchen or make other home improvements, consolidate debt, fund a vacation and more. With Oregon State Credit Union’s Home Equity Line of Credit, you can get more out of your home and your life.

  • The attractive variable interest rate of a Home Equity Line of Credit gives you the purchasing power to buy what you want – when you want. Check our competitive rates, flexible terms.

Apply here | Home Equity Line of Credit

Home Equity Line of Credit (HELOC) fees and closing costs
Effective Date: Wednesday, April 1st, 2020
Fee typeEssentialEnhanced Premier
HELOC annual fee $75 $50 $25
The HELOC annual fee is waived the first year. After that, the annual fee depends on your Member Merits category as shown in the table above.

Home Equity Line of Credit closing costs

Closing costs to open a HELOC vary between $0-$2000.

  • Receive up to $500 credit for closing costs on HELOC, amount of credit not to exceed total closing costs. Repayment of credit required if the HELOC is closed by the borrower within three years from the date of the Deed of Trust or Modification of the Trust Deed.

  • If appraisal is required, borrower(s) must pay for appraisal up front. Flood and/or property hazard insurance is required. Consult your tax advisor regarding the deductibility of interest. Other restrictions may apply. Organization NMLS #472475.

Benefits of an Oregon State Credit Union Home Equity Line of Credit (HELOC):

  • Now offering up to $500 credit towards closing costs.

  • Fast approval so you can start accessing your funds.

  • Local decisions, personal service.

  • Easy access to your money when you need it.

  • Use your line of credit whenever you’re ready.

  • Potential tax benefits. Consult your tax adviser for details.

Start your Home Equity Line of Credit today

Make your home owner dreams come true today using the equity in your home. We’re happy to answer your questions. Call us at 800-732-0173 or apply online.

Apply here | Home Equity Line of Credit

 

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