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Branch closings 9-5

Our Rosman, NC branch is closed today (5/13) and will be closed tomorrow (5/14). Please contact Member Services at (800) 966-7353 for assistance.

Home Equity Lines of Credit (HELOC)

What is Home Equity and How Can it Help You?

Equity is the difference between your home’s value and the unpaid amount you still owe. In other words, equity is the dollar value of the portion of your home you own without debt. Equity is wealth that can be used to help obtain loans to fund large expenses.

Do You Qualify for a Home Equity Line of Credit (HELOC)?

Home equity financing allows you to convert home equity to cash. This can give you access to money for home repairs, debit consolidation and large, unexpected expenses. The amount you can borrow is based on your credit history and your home's appraised value. Here are some of the guidelines for homes that qualify:

  • Owner-occupied, single-family residences accepted
  • Condominiums AND Mobile Homes are not eligible
  • The home must be in North Carolina, South Carolina, Florida or Virginia
home equity loans

Financing Option

  • Variable Interest Rate
  • Available funds can be accessed at any time