Home Equity Line of Credit

Offer Details

Close on a RIFCU Home Equity Line of Credit by 05/31/2021 to take advantage of a low introductory rate of 1.99% APR until 05/31/20221! The best part? You pay no closing costs or out of pockets fees2

RIFCU Home Equity Loan Features

  • Quick & Easy Application Process
  • No Closing Costs‚Äč2
  • Low Introductory Rate of 1.99% APR1
  • No Pre-Payment Fees
  • Take Advances Online 24/7
  • Flexible Re-Payment Terms up to 15 Years

Use Promo Code HELOC2021


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What is a Home Equity Line of Credit?

A HELOC allows a homeowner to access equity that has accumulated in their home. If you owe less than your home is worth, you may be eligible for a HELOC.  A HELOC is a revolving line of credit, which means you can access funds when you need it – and borrow again after you pay it back!

What happens after the introductory period?

After 05/31/2022, a variable APR of Prime + 0% applies, the minimum APR is 2.99%. Maximum APR is 18%.

How long does the process take?

We work hard to close as quickly as possible, typically you may access funds within 1-2 weeks from application date. 

What do I need to get started?

The application is quick and easy! Once you apply, start gathering verification of income and your homeowner’s insurance policy to speed up your loan process.

When can I apply?

We will accept applications beginning March, 5th, 2021. 

Is there a deadline?

This is a limited time offer, valid for qualifying applicants. Home Equity Line of Credit must be closed by 05/31/2021 to be eligible for 1.99% APR until 05/31/2022.

Would I have to pay anything out of pocket?

During this limited time offer, you pay no closing costs, assuming an automated valuation or drive-by appraisal is used to determine the value of your home. In some instances, you may prefer to purchase a full appraisal at your expense, but it is not required.


1Annual Percentage Rate (APR) of 1.99% will apply between 03/08/2021 – 05/31/2022. After the promotional period, a variable APR of Prime + 0% applies, minimum APR 2.99%. Maximum APR 18%. 2Member pays no closing costs assuming an automated value of home or drive-by appraisal is used. If full appraisal requested, RIFCU will not cover the expense. Membership eligibility required. Subject to credit approval. Offer available for real estate in Florida only. Minimum advance of $5,000 required. Maximum Term 180 months. Existing RIFCU loans eligible with a $10,000 limit increase on a HELOC. For further information regarding this offer, please contact us at 800-769-1424. Offer expires 05/31/2021.