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Hybrid Home Equity Line of Credit
Get the best of both worlds with our new Hybrid Home Equity Line of Credit (HELOC). Enjoy the features of a Home Equity Line of Credit along with the peace of mind of a fixed-rate Home Equity Loan.
Get the flexibility to draw only what you need, when you need it.
PLUS 
The option to lock-in your balance with a fixed-rate product.
What are my benefits with a Hybrid HELOC?
We're glad you asked! With a CEFCU Hybrid HELOC, you get the best of both worlds.
- Use the value in your home for those much needed home repairs, major purchases, or tuition — and so much more.
- Lock in a fixed rate on a portion of your line to keep your payment just that.... fixed!
- Easy access to your Home Equity funds with CEFCU On-Line® and Mobile Banking.
What is a Hybrid HELOC?
- The Hybrid HELOC is a line of credit that works just like a regular HELOC — but cooler — because you have the option to lock in balances at fixed rates, terms, and payments.
- The line of credit portion is a variable rate based on the Prime Rate*. It gives you the flexibility to draw only what you want, when you need it.
- Plus, you can lock balances from the line of credit portion into fixed rates, terms, and payments — giving you peace of mind knowing exactly what your payment will be.
Not to mention, you get the great benefits of a CEFCU Loan:
- No pre-payment penalties
- No closing costs**
- Personal service
- Plenty of payment options — online, in-person, or over the phone
Home Equity Example
| Appraised Home Value | $100,000 |
| Multiply by .80 | 0.80 |
| Equity | $80,000 |
| Balance due on first mortgage | -$60,000 |
| Approximate amount Hybrid Home Equity Rates | $20,000 |
How much Equity?
This sounds great, how do I apply for a Hybrid HELOC?
What will you need from me for the application?