Whether it’s remodeling a bathroom, applying a fresh coat of paint or installing a brand new deck, your HELOC has you covered!
Plus, your HELOC comes with:
- a rate as low as 4.50% APR*
- the ability to borrow up to 90% of your home’s current market value, less any mortgage balance*
- a competitive variable rate that adjusts quarterly1
- flexibility to access the money when you need it
- no annual fee or closing costs
We want to help you get to it! Get a $250 Home Depot gift card when you open a home equity line of credit today. Be sure to use promo code HELOC2019 when you apply!
*APR = Annual Percentage Rate. A variable APR applies to this loan. It adjusts quarterly based on the Prime Rate as published in The Wall Street Journal 45 days prior to the rate change date. Home Equity Lines of Credit have a 20 year term. You can advance available funds during the first ten years, called the draw period. During the draw period, your minimum payment due each month is interest only, meaning they only cover the interest accrued on the loan during the month. After the draw period the remaining ten years is called the repayment period and your minimum payment is then principal and interest that will pay the balance off in ten years. Qualified properties include owner-occupied single family homes, condominiums, town homes, and one to four unit owner-occupied dwellings in Arizona, California, Florida, Georgia, Illinois, Massachusetts, Michigan, New Hampshire, New York, Pennsylvania, Texas and Wisconsin. Qualified members can borrow up to 90% of the current market value of their home (less any outstanding liens). Texas residents: You may borrow up to 80% of your home’s property value, less any outstanding first mortgage balance, not to exceed 50% of your home’s value. California residents: You may borrow up to 85% of your home’s property value, less any outstanding first mortgage balance. For Line amounts up to $100,000, maximum LTV is 85%. For Line amounts $100,000.01 - $250,000, maximum LTV is 80%. For Line amounts $250,000.01 - $500,000, maximum LTV is 70%. Line amounts greater than $500,000 are not allowed. State laws may affect final terms. Minimum initial advance is $5,000 and subsequent advances must be $500 or more, except for TX, which is $4,000 for both the initial and subsequent advances. The costs for originating your loan, excluding any intangible/mortgage tax, are waived at closing. If residing in FL, GA or NY, the intangible/mortgage tax (ranging from $10 to $5,000, depending on state and amount of HELOC limit) must be paid by borrower at closing or can be included in your initial advance. If the HELOC is closed within 12 months of opening, the closing costs waived must be reimbursed, typically $350 to $2,000. Maximum APR is 18%. The credit union makes loans without regard to race, color, religion, national origin, sex, handicap, or familial status. Interest Only Home Equity Lines of Credit: ALL TERMS AND CONDITIONS FOR HOME EQUITY LINE OF CREDIT (SEE ABOVE) APPLY. Additionally, interest only home equity lines of credit loan provides for “interest only” payments during a portion of the term of the loan. These payments only cover the interest accrued on the loan during the month. Interest only payments do not reduce the principal balance even though you are making the minimum payment due.
Must use promo code HELOC2019. Offer valid on new home equity line of credit (HELOC) applications submitted June 13, 2019-July 31, 2019. HELOC must close by October 31, 2019. To be eligible for $250 Home Depot gift card, member must open new HELOC line equal to or greater than $25,000 and take a draw of at least $5,000 within the first 30 days of HELOC opening. Account must be in good standing at time of gift card issuance. Offer is valid for a limited time as Home Depot gift cards supplies are limited. Home Depot gift card will be distributed within 90 days of initial $5,000 draw, while supplies last. Offer not valid on existing HELOCs. Offer is subject to change and cannot be combined with any other offers. Andigo Credit Union is not affiliated with The Home Depot®. The Home Depot® is not a sponsor of this promotion. The Home Depot is a registered trademark of Home Depot Product Authority, LLC. All rights reserved. Contact Andigo for complete details.
1Andigo home equity loans and lines of credit applicable only for owner-occupied single-family homes, condominiums, town homes and one to four unit owner-occupied dwellings in Arizona, California, Florida, Georgia, Illinois, Massachusetts, Michigan, New Hampshire, New York, Pennsylvania, Texas or Wisconsin. Up to 90% loan to value (LTV) (50%–80% LTV for Texas residents). If you live in FL, GA or NY you must pay applicable taxes at closing.