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Flexible financing

Home Equity Line of Credit (HELOC)

A HELOC gives you ongoing access to cash for the ultimate flexibility. Use what you need, when you need it, and only pay interest on what you borrow.
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Affordable financing for homeowners

  • Larger loan amounts to meet your goals – borrow up to 95% of your home’s current value
  • Only pay interest on what you use – great for ongoing home repairs or an emergency fund
  • Use and reuse your HELOC – funds become available to use again as you pay them back, similar to how a credit card works
  • No extra fees or hassle – no annual fees, no prepayment penalties, no origination fees, and no points
  • Competitive, low rates – compare to other borrowing options and discover how affordable a HELOC can be
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Repair & Renovation HELOC

Planning a major home renovation?

Finance your project with our specially designed Repair & Renovation HELOC.

1

Ideal for large projects

Like home additions, full remodels, or major renovations when your current home equity does not fully cover upfront costs, but the completed project will increase your home’s value.
2

Borrow what you need

Borrow beyond 100% of your home’s current value based on projected post-renovation value
3

Funding as plans progress

Funds are typically disbursed in scheduled draws based on construction plans and inspection progress
4

Zero hassle or surprises

No annual fees, no origination fees, no points, and no prepayment penalties

More home equity options

Home equity loans

Know exactly how much you need? Receive your cash in one upfront lump sum, then enjoy a fixed rate and repayment schedule so you know exactly how much it will cost and when you’ll pay it off.

Explore Home Equity Loans

Cash-out refinancing

A cash-out refinance lets you trade in your current mortgage for a new one with a higher loan balance, and you get the difference paid to you in cash. It's often a smart choice if you can lower your interest rate at the same time.

Learn About Refinancing

What our members say

Best credit union

"This credit union has by far been the best one I have had. I've had several in my life time, but this one works with you and helps you. They find ways to help your credit and give you loans when other places will not. I love that they value their customers before anything. I strongly recommend them to anyone. "

- Jeffery S.

Help during tough times

"I was going through a rough time and was unsure of how I would be able to afford Christmas, much less the regular bills I had coming in. Firemen's truly work with you to fit your needs and make it a fast process. I will definitely be keeping them in mind for future financial needs. I love this credit union. I was able to get over the little 'bump in the road' I had with ease, and I am truly grateful."

- Stacey T.

Affordable loans

"I love Firemen's! I couldn't get a loan from a bank because I filed bankruptcy six years ago, and Firemen's approved me with no problems. I have a cheap note and low interest rate. Thanks for given me and my credit another shot!"

- Felicia D.

We're here to help

HELOC FAQs

A Home Equity Line of Credit (HELOC) lets you borrow money using your home’s built-up equity as collateral. Many homeowners are able to borrow large amounts of money at much lower rates than other loan options.

After you’re approved for a credit limit, you can draw from it during a set period. Use funds, repay them, then use them again as much as you want during the draw period, and you only pay interest on what you borrow.

The amount depends on your home’s value, your equity, and your financial profile. Many borrowers can access a significant portion of their home’s equity.

You can use a HELOC for almost anything, including home improvements, debt consolidation, educational costs or unexpected expenses. It’s a flexible way to fund your goals.

Yes and no. A HELOC can impact your score like any loan product – making on-time payments helps your score while a missed payment can hurt it. One great feature of HELOCs is that (unlike credit cards) they don’t impact your credit utilization, meaning you can borrow up to your full credit limit without it negatively affecting your score.