Home improvement projects? This summer is the time.

Whether your plans entail home improvement projects or simple additions, a Home Equity Line of Credit (HELOC) from Generations FCU can help you get the money you need to start making family memories in a new space.

A HELOC is a revolving loan that uses your home as collateral. HELOCs allow you to draw on your funds as needed, giving you freedom and flexibility. Choose the one that’s right for you.

Fixed-Rate Home Equity Line of Credit

(Interest-Only)

  • Fixed-rate loan
  • 15-year term
  • Initial draw minimum of $10,000
  • Draw money as you wish and repay up to available line amount for 5 years
  • Interest-only payment for the first 5 years
  • Quick closing in 30 days or less
Fixed-Rate Home Equity Line of Credit

(Principal + Interest Payment)

  • Fixed-rate loan
  • 10 or 15-year terms
  • Initial draw minimum of $10,000 (15-year term) or $16,000 (10-year term)
  • Draw money as you wish and repay up to available line amount for 5 years
  • Quick closing in 30 days or less

Apply Online Today

If you’re not quite ready to apply or have more questions, get a personalized rate quote, check today’s rates or let one of our home loan experts help answer any questions you have at 210-230-9380.

Home Equity Line of Credit
(Interest-Only)
Term APR* (as low as)Minimum Draw
15 years 6.00%** $10,000

**Payments are interest-only for the first 5 years.

Home Equity Line of Credit
(Principal + Interest Payments)
TermAPR* (as low as)Minimum Draw
10 years 5.74% $16,000
15 years 6.24% $10,000

*APR is Annual Percentage Rate. The APR is as of 6/20/19.