HOME IS WHERE THE HEART 

(& EQUITY) IS. 

Variable rate based on WSJ Prime plus margin with 3.00% floor after 12 month period

A HELOC (Home Equity Line of Credit) is a revolving line of credit secured by the equity in your home. It allows homeowners to borrow money as needed, similar to a credit card, using the value they’ve built up in their property.

How a HELOC Works:

• Uses your home’s equity – Equity is the difference between your home’s market value and what you still owe on your mortgage.

• Revolving credit line – You can borrow, repay, and borrow again during the “draw period.”

• Usually has a variable interest rate – The rate can change over time based on market conditions.

Two phases:

1. Draw period: You can withdraw funds and may only need to make interest payments
2. Repayment period: You repay both principal and interest.

A HELOC gives you flexible access to funds when you need them, and interest is typically lower than credit cards or personal loans because the loan is secured by your home.

   *APR = Annual Percentage Rate. All extensions of credit are subject to credit approval. Rates shown are the lowest offered for product advertised. Applicants not approved for these rates or terms may be offered credit at a higher rate and/or different terms. This is a limited offer and may be withdrawn at any time. All rates subject to change. There is certain draw-down, balance requirements and loan-to-value restrictions which may apply. Minimum loan amount and new money requirement of $25,000 required to qualify for these rates

and terms. May not be combined with any other offer. There are no closing costs for any of the above Home Equity products in the amount of $25,000 or more. This includes but is not limited to the cost of the NYS mortgage tax, recording fee, an Appraisal, a Flood Certification, a Last Owner Search, the doc. prep. and underwriting fee. Subject to change at any time. All closing costs will be due payable if loan is closed by borrower before a period of 48 months as stated on the 4 year mortgage rider. HFCU reserves the right to order Title Insurance and a full appraisal as recommended by Underwriting. Appraisals required for all LTVs. Full appraisals required for 80% LTV or higher and or over $100,000 request. All appraisal costs are paid by the borrower and will be reimbursed when the loan is funded. Maximum rate is 18% APR. After 12 months of the fixed promotional rate the rate will be variable with the index based on the published Wall Street Journal prime rate minus/plus the determined margin subject to the 3.00% floor rate. For variable-rate loans, the rate may increase after consummation. The margin is based on credit worthiness and will vary.

 This HELOC loan offer begins April 1, 2026 and ends September 30, 2026.

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