Home Equity Line of Credit (HELOC)

* The minimum credit line is $20,000 and the maximum credit lines for an 80% LTV Fee-Simple Owner-Occupied Property, the lesser of $250,000 or 80% LTV minus the balance of your existing mortgage. Must be a Hawaii resident.

** The 1-year, 2-year, 3-year, 4-year, and 5-year HELOC Introductory Rates are valid for applications received commencing 1/1/2020 and may change at any time without notice. An initial draw of at least $5,000 and 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. This offer applies to new Home Equity Lines of Credit for applicants with a FICO credit score of 630 or greater. For line amounts >$250,000, offer applies only to line in subordinate lien position. Refinancing of existing Hawaii State FCU Home Equity Lines of Credit is not allowed. If you elect the 1-year, 2-year, 3-year, 4-year, or 5-year Introductory Rate, it will remain in effect until expiration of the Introductory Rate period.

*** The Current Variable Index Rate is based on the Prime Rate plus a margin. Your margin will depend on creditworthiness. The Current Variable Index Rate shown is current as of 1/1/2020 and will not exceed 18% APR. The minimum Current Variable Index Rate is 3.75% for 80% LTV Fee-Simple Owner-Occupied Property up to $250,000 line amount.

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 $260 to $2,000 for line amounts up to $250,000. You will be required to pay other closing costs involving trust review, other legal documentation, or appraisal cost, estimated at $250 to $1,950. For line amounts greater than $250,000, the credit union waives closing costs for certain third party fees (e.g. recordation, documentation, escrow, flood determination) estimated between $50 and $600. You will be required to pay other closing costs for appraisal, title insurance, trust review, or other legal documentation estimated between $1,600 and $3,800. 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.