Home Equity Line of Credit Promotion - Genisys® Credit Union
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Home Equity Line of Credit Special

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Let your house pay you back.

Your house is an asset that can help you reach your financial goals. When you have equity in your home, you can turn it into an affordable home equity loan that can be used for a variety of needs: Home Improvements, Debt Consolidation, Vacations, College Tuition and more!

Flex Home Equity Line of Credit Special

  • Apply for a credit limit that you can draw against in various amounts as needed.
  • Payments will vary from month to month based on the current balance of the line of credit.
  • Offers a "Lock" benefit that allows you to convert a portion of the outstanding balance to a fixed rate home equity loan in $5,000 or more increments.
  • Keep remaining portion of your line of credit open for draws and payments as needed.
  • Remaining balance stays at the Line of Credit rate.
Home Equity Line of Credit Special
Effective Date: Monday, October 3rd, 2022
12 Month Promotional Rate
Loan to ValueAPR as low as*Maximum APR
80.00% 4.99% 18.00%

*Annual Percentage Rate designated as APR. Rates, terms, and conditions are subject to change and may vary based on creditworthiness, qualifications, and collateral conditions. All loans subject to approval, not all applicants will qualify. The 12-month introductory period begins on the loan closing date. After the introductory period, the loan reverts to the APR as stated in the HELOC agreement. The APR is the sum of the index plus margin. The maximum/minimum APR that can be imposed is 18.00%/4.99%. During the Draw Period, your Minimum Payment will equal the greater of (i) $50 or (ii) the periodic finance charges, and other fees, charges, and costs. During the Repayment Period, if any, your minimum payment will equal 1/120th of your unpaid Account Balance at the end of the Draw Period, plus all periodic finance charges and other fees, charges, and costs. The minimum line of credit is $5,000 and the minimum draw amount is $100. Home Equity Loans will not exceed a loan to value of 80%. Fees charged for the closing of a Home Equity Line of Credit start at $275 and could be as high as $1,500. A home equity line of credit is secured by a first or second mortgage lien on your primary residence only. Flood and/or property hazard insurance may be required. Other restrictions may apply. See Credit Union for complete details. Credit Union reserves the right to end the promotion at any time and without notice.


Closing Costs

There are minimal closing costs charged once your loan is funded. Those costs can be taken from the first draw, loan proceeds, or paid directly at closing.

Get Started Today!

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