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A home equity line of credit gives you the flexibility to borrow against the equity you’ve built up in your home.

Applying for a HELOC is easy! You can start the application process online or by giving us a call at 800-373-7600, ext. 307.

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Our home equity is a line of credit (a form of revolving credit) in which your home serves as collateral. It is a convenient way to borrow because, once established, you can take loan advances at any time during a 10-year draw period without having to reapply. Plus, with a home equity, you may be able to deduct the interest you pay from your taxable income. Remember to consult with your tax advisor concerning the deductibility of interest. These are perks you would not get with an ordinary personal loan.

If your home doesn’t have equity established in it yet, contact Dupaco about a Home Improvement loan.

At Dupaco, you can establish a line of credit worth as little as $5,000. Contact Dupaco for the maximum amount of equity from which you can borrow against.

The rate is tied to the Prime Interest Rate as published in The Wall Street Journal on the last business day of each month, plus or minus an index. The index is based on your credit score and the percentage of the equity in your home your credit line can access.

If the home equity line of credit is larger than $10,000, Dupaco pays the closing costs up to $350. Anything over that is paid by the member. If you have further questions about how much you might pay in closing costs, please contact Dupaco’s consumer lending department at 800-373-7600, ext 307 or

Once your line of credit is established, you can advance funds directly into your account through online banking, by phone, in person at any branch, or with home equity convenience checks.

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