Home Equity Line of Credit

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Offer Details

Apply for a Home Equity Line of Credit by 09/30/2020 to take advantage of a low introductory rate of 2.49% APR until 09/30/20211! Whether you want to consolidate debt, improve your home or plan that dream vacation – we’re here to help. The best part? You will pay no closing costs or out of pockets fees2!


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What is a Home Equity Line of Credit?

A HELOC allows a homeowner to access the 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 9/30/2021, a variable APR of Prime + 0% applies, the minimum APR is 4.00%. 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 homeowner’s insurance policy to speed up your loan process.

Is there a deadline?

This is a limited time offer, valid for qualifying applicants. Home Equity Line of Credit must be closed by 09/30/2020.

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 2.49% will apply between 08/01/2020 – 09/30/2021. After the promotional period, a variable APR of Prime + 0% applies, minimum APR 4.00%. 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. One offer per pre-qualification. To take advantage of this offer, you must be at least 21 years old, join Railroad & Industrial Federal Credit Union and deposit a minimum of $5.00 in your share savings account. Minimum advance of $5,000 required. Offer not valid to refinance an existing RIFCU HELOC. For further information regarding this offer, please contact us at 800-769-1424. Offer expires 09/30/2020.