Home Equity Line of Credit
Unlock the value in your home.

What is a Home Equity Line of Credit (HELOC)?

With a HELOC, you’ll have a flexible source of cash with a lower interest rate than credit cards or personal loans.
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Enjoy a 5.99% APR Introductory rate*. Current rate as low as 7.50%
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Borrow up to 80% of Your Combined Loan-to-Value
No Points, Closing Costs, or Annual Fees on Loans up to $250,000
Low “Interest Only” Minimum Monthly Payments (Balloon Payment at Maturity)
Road to Home Equity

Thank You for Considering Logix for Your Home Equity Line of Credit

Let us guide you on what to expect from application to closing. Keep in mind...the quicker you respond to our requests, the faster we can finalize your approval.
We have received your loan application.
Loan officer contacts you to confirm details and documents. Initial disclosures are sent for review and signing.
Good news! We're reviewing your loan application.
Loan application review begins. Appraisal or additional documents may be requested.
This step determines whether or not your application has been approved.
If your loan application is approved, it will be approved subject to conditions. Loan Processor assigned, reviews approval conditions, and confirms closing date.
Your loan is being processed.
Loan is processed, and additional documents may be requested. You’ll receive a copy of the appraisal and weekly updates.
Almost there! We're preparing your loan documents.
Your processor will confirm the amount you wish to advance from the line of credit. A notary will reach out to you to set up a loan document signing appointment.
Congratulations! Your loan has been funded.
Loan is funded, and you’ll receive proceeds as soon as your loan funds.

Ready to experience the benefits of a Logix Home Equity Line of Credit? Apply Now!

Online
Apply for a mortgage or home equity loan quickly and conveniently with the Logix online application.
In Person
Visit a branch to experience world-class service from a Logix professional.
Virtual Appointment
Schedule a virtual appointment wherever you are and get the answers you need.

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Read Our Step-By-Step Guides

We’ve created this series of guides to help with some common questions you may have regarding the road to your new loan.

Check Your Status Online

Check your application status online on the Logix Mortgage Center or connect with your loan officer.

Additional Resources

Disclosure (2)

*The Introductory Annual Percentage Rate (APR) of 5.99% is for new Home Equity Lines of Credit only and is for the first twelve (12) months. After the introductory rate expires, balances will be charged at the variable APR based upon the Prime rate, as published by the Federal Reserve, plus a margin. The APR will never be higher than 18%. The Introductory rate applies to borrowers with credit scores of 640 or higher, max CLTV 75-80% (dependent on credit qualification), and owner-occupied single-family residences. Not all applicants will qualify. Logix Federal Credit Union reserves the right to modify or end this offer at any time. Additional terms and conditions may apply. Subject to credit approval.

The Logix PrimeLine Home Equity Line of Credit is an adjustable-rate loan. The PrimeLine Variable Rate Home Equity Line of Credit (HELOC) current 7.50% APR, which is accurate as of and is subject to change, is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 70%. The rate is variable, is subject to change monthly, and may increase after consummation. Maximum APR 18%. The HELOC term is 15 years. Minimum interest-only monthly payment results in a Balloon payment at maturity. Minimum credit limit is $25,000; Maximum $500,000. Property Insurance and a lien is required on the subject property. No closing costs if credit limit is $250,000 or less and HELOC is not closed within the first 36 months. Closing costs on credit limits in excess of $250,000 range from $1,500 to $2,500 based on amount borrowed. Attorney’s fees apply in MD, VA, NH, ME and MA and range from $300 to $700. Additional state-related taxes and fees may apply. Consult your tax advisor regarding deductibility of interest. The PrimeLine Variable-Rate Home Equity Line of Credit is available only on owner-occupied properties located in CA, MD, NV, NH, VA, MA and ME. APR = Annual Percentage Rate. Logix Smarter Banking is a registered trademark of Logix Federal Credit Union. Logix membership required.