Looking to renovate your home? Want to consolidate your debt or install solar panels? Your home could hold the key to achieving your financial goals with help from a CEFCU Hybrid Home Equity Line of Credit (HELOC)!

A CEFCU Hybrid HELOC lets you enjoy the features of a Home Equity Line of Credit plus the peace of mind of a fixed-rate Home Equity Loan.

You get the flexibility you need, when you need it; pay no closing costs footnote 1; and lock your interest rate. Plus, you can apply online in minutes! What’s not to love?

So how does it work? 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 footnote 2. It gives you the flexibility to draw only what you want, when you need it footnote 3.

Plus, you can lock balances from the line of credit portion into fixed rates, terms, and payment — giving you peace of mind knowing exactly what your payment will be.

Want to learn more? Visit cefcu.com/equity. Get started today!


Consult a tax advisor regarding the deductibility of interest.

1 CEFCU’s closing cost assistance offer is available for a limited time for qualified CEFCU members in good standing who are opening a Hybrid HELOC of $10,000 or more using their owner-occupied home as collateral. To qualify, the home being used as collateral may not be for sale; Bridge Loans and Lot Loans are not eligible for closing cost assistance. Property insurance is required and not included in closing costs. Closing cost assistance excludes transfer taxes or mortgage/intangible taxes (applicable in certain states but not applicable to Illinois or California properties). Contact CEFCU for details, including more specific information about third-party fees. 

2 The annual percentage rate may vary quarterly and is based on the Prime Rate published in the Wall Street Journal available to us 15 days before end of quarter.  Your final qualifying rate will be determined by credit profile and amount borrowed in relation to home's value.

3 Draw against your Hybrid HELOC for 10 years and have up to 15 years to repay.