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Home/Mobile Banking System Maintenance
Due to planned system maintenance, Home and Mobile banking may experience intermittent interruptions between 1AM and 7AM on Sunday, July 13. For assistance, you can call Member Services at (800) 966-7353.

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, debt consolidation and large, unexpected expenses. The amount you can borrow is based on your income, credit history and your home's appraised value. Here are some residential property qualification guidelines:

  • Owner-occupied 1-4 family residences are eligible
  • Condominiums and mobile homes are not eligible
  • The property must be in North Carolina, South Carolina, Florida, Georgia or Virginia
home equity loans

Financing Option

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