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Limited Time Seasonal HELOC

A Better HELOC for the Changing Seasons

• No Closing Costs
• Flexible Access to Funds¹
• Rates Below Prime²
• Friendly Local Service

NMLS# 402473. Equal Opportunity Lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. Available for primary and second single-family homes. 1) 5-year draw with interest-only payments, followed by up-to 15-year repayment period. You can borrow up-to 75% of your home’s maximum loan to Value (LTV), with a maximum loan amount of $250,000. 2) Variable rate based on Wall Street Journal daily published Prime Rate, plus a margin up-to minus 1% determined by applicant’s credit score, with a floor rate of 6.00%APR, Annual Percentage Rate. Rates subject to change after loan is funded. $300 document preparation fee and a $75 annual fee apply. On approved credit. Offer begins 10/1/2024 and expires 12/31/2024.

Turn Equity Into Ongoing Financing

Your home can be a gift that keeps on giving. Your hard-earned equity can pay off in the form of a home equity line of credit — affordable financing that you can access indefinitely for virtually any purpose. Once you’re approved, there’s no need to reapply. You’ll only ever pay dividends on what you borrow, and the dividends you pay may be tax deductible. *

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State ECU Regular HELOC

Unlock the Benefits of a State ECU HELOC

Our Home Equity Line of Credit (HELOC) is designed with you in mind. Take advantage of competitive rates and flexible terms to make the most of your home’s equity. Whether you’re planning a renovation or consolidating debt, applying is simple with our secure online application. Enjoy the convenience of accessing funds anytime, and only pay interest on the amount you use. Your home’s equity gives you ongoing flexibility, while you benefit from our personalized support and New Mexico-based decisions.

• Lines up to $250,000
• Save with a competitive rate
• 80% combined loan to value
• Interest paid may be tax deductible*
• Only pay interest on amount used
• No need to reapply once approved
• Affordable payments
• Customized terms
• Easy application process
• Friendly and convenient service
• Decisions made here in New Mexico

HELOC FAQs

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What is a HELOC, and how does it work? 

A HELOC is a line of credit secured by your home’s equity, allowing you to borrow as needed, up to a set limit.

Do I need to be a Member to open a HELOC? 

Yes, you need to be a State ECU Member to enjoy the benefits of our HELOC program. The good news is joining is easy! Simply use our online application form and you can get your membership at the same time you apply for your HELOC. 

Can I access funds anytime? 

Yes, you can draw from the credit line as needed during the draw period. 

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Ready to open a HELOC?