Home Equity Line of Credit

Need a vacation? A bathroom remodel? A car for your teen? It could cost you as little as $100 a month with a Dupaco Home Equity Line of Credit (assumes maximum loan balance of $13,500 amortized over 180 months). Calculate your payments using our calculator.

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What is equity in a home?

Equity is the difference between the appraised value of your home and what you owe on your mortgage. Equity is the part of your home’s value that belongs to you, not your lender. Calculate your equity. You can borrow against the equity in your home and use the money for whatever you choose—home improvements, new car, school, paying down credit cards, or, send yourself on a vacation!

Apply for a home equity line of credit now, or contact our Consumer Loan Department at (563) 557-7600 / 800-373-7600, ext. 202, or loans@dupaco.com.

 

Home Equity Rates

Current as of: 11/13/2018
Loan Program Annual Percentage Rate
Home Equity Prime Cut Rate 4.75% APR1
1Home Equity Rate: Rate based on qualification. Minimum $10,000 line of credit required on loan-to-value less than 75% with $5,000 initial minimum advance. The annual percentage rate (APR) may vary after the account is opened. Maximum APR 21%. The rate will be the Prime Rate as published in The Wall Street Journal on the last business day of each calendar month, plus an index with a floor rate of 4.00% (if applicable). The current fully indexed rate is 4.75% APR. Closing costs paid by the credit union to a maximum of $350. There are no annual fees; however, Lender may recover origination charges if line is closed within 30 months of opening. Consult your tax advisor concerning the deductibility of interest. Property insurance required.

   
Comments (5)
Increase HELOC available amount!
John
 • 167 days 23 hrs 26 mins 3 secs ago
How much does it cost to increase amount available in my current HELOC? My 1st mortgage has decreased considerably since I redid my HELOC.
 

Re: Increase HELOC available amount!
Dupaco Moderator
 • 167 days 23 hrs 21 mins 39 secs ago

Hi John, we will have a lender reach out to you. Thanks!

 

Increase HELOC available amount!
John
 • 167 days 23 hrs 26 mins 3 secs ago
How much does it cost to increase amount available in my current HELOC? My 1st mortgage has decreased considerably since I redid my HELOC.
 

Re: Increase HELOC available amount!
Dupaco Moderator
 • 167 days 23 hrs 21 mins 39 secs ago

Hi John, we will have a lender reach out to you. Thanks!

 

Link repetition
Dave
 • 577 days 12 hrs 9 mins 45 secs ago
The first two links in your parenthetical material on theis Home Equity Line of Credit page are the same. I was looking for the calculator.
 

Re: Link repetition
Dupaco Moderator
 • 575 days 4 hrs 36 mins 17 secs ago

Hi Dave, Thanks for letting us know! The link has been updated to the correct one.

 

Closing Cost
Stacy
 • 846 days 21 hrs 21 mins 48 secs ago
What are the closing cost on a heloc loan?
 

Re: Closing Cost
Dupaco Moderator
 • 846 days 4 hrs 23 mins 34 secs ago

Hi Stacy, as long as the Home Equity Loan is larger than $10k, Dupaco pays closing costs up to $350. Anything over that amount is paid by the member.

 

rates
Jeni
 • 1336 days 2 hrs 41 mins 26 secs ago
I understand interest rates may go up this year. I'd like to have the HELOC and mortgage rates emailed to me regularly so I can monitor them. Is this possible?
 

Re: rates
Dupaco Moderator
 • 1334 days 4 hrs 10 mins 33 secs ago

Rates for HELOC are not available as a daily email, however, mortgage rates are. Go to the Mortgage section of our website, click on rates. You'll need to fill out the short form allowing us to better target the type of property you'd be interested in buying, and then the current rates will show. From the page that display the rates targeted to your desired loan, you'll be able to click Rate Watch and set up your automatic rates email.

 

trying to get a house loan
tammie phipps
 • 1409 days 22 hrs 46 mins 52 secs ago
What does my score need to be in order to get a loan for a house? I have been approved to build a house from the ground up- trying to see what I need to do to get started...
 

Re: trying to get a house loan
Dupaco Moderator
 • 1407 days 22 hrs 55 mins 27 secs ago

Tammie, Typically the borrower's term must be at least a 620. However, based on the other variables of the application, they could require the score to be even higher.

 

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