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Home loans

Home Equity Line of Credit (HELOC)

Put the equity in your home to work for you with a HELOC.

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A flexible, affordable way to borrow against your home’s equity whenever you need it.

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Flexible access to funds

Withdraw as needed instead of taking a lump sum.

Lower interest rates

Typically lower than credit cards and personal loans.

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Use for what matters

Great for renovations, consolidating debt, tuition, or emergencies.

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Featured rates & terms

View all rates and terms

Intro-Rate HELOC

Up to 80% LTV, fee-simple, owner-occupied property

APR as low as

5.55%
2-year Intro Rate

Current Variable Index Rate

Up to 80% LTV, fee-simple, owner-occupied property

APR as low as

7.25%

Jumbo HELOC

Up to 70% LTV, fee-simple, owner-occupied, primary residence

APR as low as

5.80%
2-year Intro Rate

Investor HELOC

Up to 70% LTV, fee-simple, investment property

APR as low as

5.80%
2-year Intro Rate
Disclosures

Intro-Rate HELOC

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1. The minimum credit line is $20,000 and the maximum credit lines for an 80% LTV Fee-Simple Owner-Occupied Property, the lesser of $400,000 or 80% LTV minus the balance of your existing mortgage. Must be a Hawaii resident.
2. The 2-year, 3-year, 4-year, and 5-year HELOC Introductory Rates are valid for applications received commencing 9/1/25 and may change at any time without notice. Automatic payments from a Hawaii State FCU checking account are required. Otherwise, the applicable Current Variable Index Rate will apply. After the Introductory period expires, your rate will vary and the applicable Current Variable Index Rate will apply. If you elect the 2-year, 3-year, 4-year, or 5-year Introductory Rate, it will remain in effect until expiration of the Introductory Rate period.
3. The Current Variable Index Rate is based on the Prime Rate plus a margin. Your margin will depend on your creditworthiness. The Current Variable Index Rate will not exceed 18.00% APR. The minimum Current Variable Index Rate is 3.75% for 80% LTV fee-simple, owner-occupied property with a line amount up to $400,000.
Rates effective 09/01/2025
Only improved residential property in Hawaii is accepted as collateral. Property insurance is required. Membership in the credit union is required. The credit union waives closing costs for certain third party fees (e.g., real estate evaluation, recordation, documentation, title insurance, escrow, flood determination), estimated between $540 to $1,795 for line amounts up to $400,000. You will be required to pay other closing costs involving trust review, other legal documentation, or appraisal cost, estimated at $750 to $3,940. The borrower is required to reimburse the credit union for all waived fees if the credit line account is paid off and closed within three (3) years of its opening.
Rates, terms, and conditions are subject to change without notice. Other terms and conditions apply. Speak to a credit union representative for more information. NMLS# 405316

Jumbo HELOC

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1. The minimum credit line is $400,100 and the maximum credit line for a Jumbo HELOC 70% LTV minus the balance of your existing mortgage for primary residences up to $1,000,000 line amount when secured as 1st lien. Must be a Hawaii resident.
2. The 2-year, 3-year, 4-year, and 5-year HELOC Introductory Rates are valid for applications received on or after the effective date and may change at any time without notice. Automatic payments from a Hawaii State FCU checking account are required; otherwise, the applicable Current Variable Index Rate will apply. After the Introductory Period expires, your rate will vary and the applicable Current Variable Index Rate will apply. If you select a 2-year, 3-year, 4-year, or 5-year Introductory Rate, it will remain in effect until the end of the chosen Introductory Period.
3. The Current Variable Index Rate is based on the Prime Rate plus a margin. Your margin will depend on your creditworthiness. The Current Variable Index Rate will not exceed 18.00% APR. The minimum Current Variable Index Rate is 4.50% for 70% LTV Jumbo HELOCs on fee-simple, owner-occupied primary residences with line amounts of $400,100 or greater.
Rates effective 09/01/2025
Only improved residential property in Hawaii is accepted as collateral. Property insurance is required. Membership in the credit union is required. For line amounts greater than $400,100, the credit union waives closing costs for certain third-party fees (e.g., recordation, documentation, escrow, flood determination) estimated between $995 and $1,195. You will be required to pay other closing costs for appraisal, title insurance, trust review, or other legal documentation estimated between $3,750 and $5,700. The borrower is required to reimburse the credit union for all waived fees if the credit line account is paid off and closed within three (3) years of its opening.
1. The Investment Share Account, is a tiered rate account. To determine the APY that will apply to your account, refer to the appropriate tier that applies to your account average daily balance for the month. When a particular average daily balance range is met, the APY will apply to the full balance in that account. The Annual Percentage Yield (APY) for each tier is subject to change at any time without notice. Fees may reduce earnings.
Rates effective August 31, 2025

Investor HELOC

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1. The minimum credit line is $400,100 and the maximum credit line for a Jumbo HELOC 70% LTV minus the balance of your existing mortgage for primary residences up to $1,000,000 line amount when secured as 1st lien. Must be a Hawaii resident.
2. The 2-year, 3-year, 4-year, and 5-year HELOC Introductory Rates are valid for applications received on or after the effective date and may change at any time without notice. Automatic payments from a Hawaii State FCU checking account are required; otherwise, the applicable Current Variable Index Rate will apply. After the Introductory Period expires, your rate will vary and the applicable Current Variable Index Rate will apply. If you select a 2-year, 3-year, 4-year, or 5-year Introductory Rate, it will remain in effect until the end of the chosen Introductory Period.
3. The Current Variable Index Rate is based on the Prime Rate plus a margin. Your margin will depend on your creditworthiness. The Current Variable Index Rate will not exceed 18.00% APR. The minimum Current Variable Index Rate is 4.50% for 70% LTV Jumbo HELOCs on fee-simple, owner-occupied primary residences with line amounts of $400,100 or greater.
Rates effective 09/01/2025
Only improved residential property in Hawaii is accepted as collateral. Property insurance is required. Membership in the credit union is required. For line amounts greater than $400,100, the credit union waives closing costs for certain third-party fees (e.g., recordation, documentation, escrow, flood determination) estimated between $995 and $1,195. You will be required to pay other closing costs for appraisal, title insurance, trust review, or other legal documentation estimated between $3,750 and $5,700. The borrower is required to reimburse the credit union for all waived fees if the credit line account is paid off and closed within three (3) years of its opening.
1. The Investment Share Account, is a tiered rate account. To determine the APY that will apply to your account, refer to the appropriate tier that applies to your account average daily balance for the month. When a particular average daily balance range is met, the APY will apply to the full balance in that account. The Annual Percentage Yield (APY) for each tier is subject to change at any time without notice. Fees may reduce earnings.
Rates effective August 31, 2025

Limited-time offer

Lock in stability with a HELOC Fixed-Rate Option!¹

Looking for a traditional fixed payment without worrying about varying interest rates? Lock all or a portion of your line of credit balance at a competitive fixed rate.

  • 3, 5, 7, 10, 15-, 20-, 25- and 30-year terms available
  • No additional fees to leverage this feature
  • As you pay down your balance, the principal amount paid may become available for draw again on your variable line of credit.
Disclosures
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1. Promotion effective for requests submitted 9/1/25 and subject to change at any time. The Home Equity Fixed Rate Loan Option (FROP) is a benefit feature of our Home Equity Line of Credit, is subject to availability and not available on all product types. Payment Example: Based on a 10-year fixed rate loan of $10,000 at 5.75% APR, there will be 120 monthly principal and interest payments of $109.77. Other FROP terms and rates are available.

HELOC Fixed-Rate Option

5.75%

APR | 10-Year Term

6.25% APR | 20-Year Term

Unlike a traditional loan, a HELOC lets you access funds over time.

With competitive rates and convenient access to funds, a HELOC is a smart way to tap into your home’s value. It gives you the freedom to tackle home renovations, consolidate high-interest debt, cover major expenses like a wedding or vacation, or simply have a financial safety net for life’s surprises. 

Apply now

HELOC Calculator

Use our HELOC calculator to make smarter borrowing and saving decisions.

FAQs

Can I pay off my HELOC early without penalties?

Many HELOCs allow for early repayment without penalties, but some may include prepayment fees. It’s essential to review your loan agreement or consult with your lender to understand the specific terms and conditions regarding early repayment.

How does a HELOC work?

Credit Limit: Based on the equity in your home, typically up to 85% of your home’s appraised value minus any outstanding mortgage balances.

Draw Period: Usually lasts 5 to 10 years, during which you can borrow funds as needed. You may only be required to make interest payments during this time.

Repayment Period: After the draw period ends, you enter the repayment phase, which typically lasts 10 to 20 years. During this time, you repay both principal and interest.

How is the credit limit for a HELOC determined?

The credit limit is based on:

  • Home’s Appraised Value: Current market value of your property.

  • Outstanding Mortgage Balance: Existing mortgage amount.

  • Lender’s Equity Requirement: Typically up to 85% of the home’s value minus the mortgage balance.

Example: If your home is valued at $300,000 and you owe $200,000 on your mortgage:
85% × $300,000 = $255,000
$255,000 − $200,000 = $55,000
Your HELOC credit limit could be up to $55,000.

What are the advantages of a HELOC?

Flexibility in Borrowing: Access funds as needed rather than receiving a lump sum.

Potential Tax Benefits: Interest paid on a HELOC may be tax-deductible if used for home improvements (consult a tax professional for specifics).

Lower Interest Rates: Typically lower than credit cards and unsecured loans since the loan is secured by your home.

What are the disadvantages of a HELOC?

Variable Interest Rates: Rates can increase, making repayments more expensive over time.

Risk of Foreclosure: Your home serves as collateral; failure to repay can result in foreclosure.

Potential for Overspending: Easy access to funds may lead to excessive borrowing and debt.

Fees and Costs: May include application fees, appraisal fees, and annual fees.

What are the eligibility requirements for a HELOC?

Home Equity: Sufficient equity in your property, generally at least 15-20%.

Credit Score: A good credit score, typically 620 or higher, though higher scores may secure better rates.

Income and Employment: Stable income and employment history to demonstrate repayment ability.

Debt-to-Income Ratio: Lenders assess this to ensure you can manage additional debt.

What are the key features of a HELOC?

Variable Interest Rates: Most HELOCs have variable rates that can change based on market conditions, often tied to the prime rate.

Flexibility: Borrowers can use funds for various purposes, such as home renovations, education expenses, debt consolidation, or unexpected emergencies.

Interest-Only Payments: During the draw period, some HELOCs allow you to make interest-only payments, which can lower initial monthly costs.

What can I use a HELOC for?

Common uses include:

  • Home Improvements: Renovations or repairs.

  • Debt Consolidation: Paying off high-interest debts.

  • Education Expenses: Tuition or other educational costs.

  • Emergency Expenses: Unexpected financial needs.

  • Large Purchases: Financing significant items like vehicles or appliances.

What is a HELOC?

A Home Equity Line of Credit (HELOC) is a revolving credit line secured by the equity in your home. Unlike a traditional loan where you receive a lump sum, a HELOC provides you with access to funds as needed, up to a predetermined credit limit.

What is the difference between a HELOC and a home equity loan?

  • HELOC:

    • Revolving Credit: Access funds as needed up to a credit limit.

    • Variable Interest Rates: Rates can fluctuate based on market conditions.

    • Flexible Repayment: May offer interest-only payments during the draw period.

  • Home Equity Loan:

    • Lump Sum: Receive a fixed amount upfront.

    • Fixed Interest Rates: Rates remain constant throughout the loan term.

    • Fixed Payments: Regular payments of both principal and interest.

Ready to apply for your HELOC?

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(808) 587-2700
1 (888) 586-1056
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