Home Equity Line of Credit

A Home Equity Line of Credit is a revolving line of credit secured by the equity you have in your home. You can borrow on this line of credit as you need to and it can be used to help pay for anything.*

    • Home improvements
    • Debt consolidation
    • Wedding costs
    • Orthodontia
    • Vacations
    • Educational payments
    • Medical expenses
    • Long-term care

If you are a homeowner, the most economical way for you to borrow may be with a Home Equity Line of Credit. Not only are the rates lower than that of most other loans, but your interest may be tax deductible as well (consult your tax advisor regarding the deductibility of interest).

Arizona State Credit Union Home Equity Lines of Credit have:
    • $0 Closings costs (appraisal fees may apply)
    • Up to 85% combined loan to value, with a minimum $10,000 line of credit
    • Initial draw minimum of $10,000
    • Flexible, easy payments
Home Equity Line of Credit
Combined Loan
to Value
Loan Amount Margin APR - Variable Rate*
80.00%HELOC with Checks up to 80% LTV $10,000-$24,999.50% - 3.50%4.801% - 7.086%
80.00%HELOC with Checks up to 80% LTV $25,000-$99,9990.00% - 3.50%4.619% - 6.883%
80.00%HELOC with Checks up to 80% LTV $100,000+-.25% - 3.50%4.530% - 6.783%
85.00%HELOC with Checks up to 85% LTV $10,000-$24,9991.00% - 3.50%4.801% - 7.086%
85.00%HELOC with Checks up to 85% LTV $25,000-$99,999.50% - 3.50%4.619% - 6.883%
85.00%HELOC with Checks up to 85% LTV $100,000+.25% - 3.50%4.530% - 6.783%

Rates Effective: retrieving Index Date

If you would prefer to apply by phone, please call (602) 467-4230 or
1-800-453-9897. Or you can visit your local Arizona State Credit Union branch to apply in person.

Use this helpful checklist to help you with the documents you'll need to close your loan.

*Manufactured and mobile homes are not eligible properties.

*A Home Equity Line of Credit is not available on investment, rental, manufactured, or mobile homes.
*APR=Annual Percentage Rate. Rates and terms are based on your credit worthiness. The initial APR may range from 4.50% to 8.75% based on loan amount, CLTV and applicant’s credit. AZSTCU may pay third party fees on your behalf, in which case, these will be subject to recapture if loan is paid off and closed within 36 months. No $75.00 annual inactivity fee with balance and activity. Index Prime Rate is published in the Wall Street Journal as of the 15th of each month.

Variable Rate Provision: To determine the APR we add a margin to the value of the index and round up to the nearest .25%. APR: Lifetime floor is 4.50%, Lifetime cap is 18.00%. Draw Period – 10 years and the Repayment Period is up to 15 years.

Minimum Payment Requirements: You will be required to make payments during the draw period (10 years) and the repayment period (up to 15 years).