Leverage Your Home's Equity to Secure Your Financial Future
Unlock opportunities with a Home Equity Line of Credit for renovations, consolidating debt, or funding education.
Check Out Our Low Rates
Compare our competitive HELOC rates
| Rate Type | Index Rate | Margin Added to Index | APR |
|---|---|---|---|
|
Initial Discounted Rate(1) |
|
N/A |
|
|
Current Rate for loans up to 80% Loan to Value (2) |
|
.50% |
|
|
Current Rate for loans up to 100% Loan to Value (2) |
|
1.50% |
|
Key Benefits
Low introductory rate for the first 12 months1
Borrow up to 100% of the value, less the 1st Mortgage balance
Credit Union pays up to $2,000 in closing costs on approved lines2
Five (5) year draw period, payments amortized over 20 years
Maximum credit line of up to $500,0003
Why Choose Our HELOC?
Flexible Repayment Options
Choose what suits your financial situation.
Easy Access to Funds
Quick access when you need it the most.
Tax Benefits
Interest may be tax-deductible.4
Make Your Home Work Harder for You
Home Improvements
Turn your space into the dream home you've always wanted.
Debt Consolidation
Reduce overall interest payments and simplify your finances.
Education Funding
Invest in your family's future with ease.
Calculate Your Payment
Discover your home's equity potential with our interactive calculator
Monthly Payment
I have been a proud HFS member for over 20 years and it never surprises me to be treated so well. Super blessed with such a courteous and respectful team.
What is a HELOC?
Learn MoreA Home Equity Line of Credit allows you to borrow against your home’s equity for debt consolidation, home improvements, or emergencies…
Credit Score Essentials
Learn MoreYour credit score is made up of five key factors—with payment history weighing in at 35%—and knowing these factors can help you build and maintain excellent credit.
Your Home Equity Choice
Learn MoreA home equity loan gives you a lump sum with fixed payments, while a HELOC offers flexible borrowing with variable rates—choosing the right option depends on your financial needs and payment preferences.
Additional info
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Ready to Turn Your Home into a Financial Powerhouse?
Begin your journey today with our team's personalized guidance.
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1The HFS Home Equity Line of Credit introductory Annual Percentage Rate (APR) of 0.99% is good for twelve (12) months. After the 12 month introductory period, the APR will be based upon the Prime rate (index) as published in the Wall Street Journal plus a margin of .50% for loans up to 80% loan to value (LTV) or the Prime rate plus a margin of 1.50% for loans up to 100% LTV. The non-introductory fully indexed variable rate is 8.00% for loans up to 80% LTV with a maximum credit line of $500,000 and 9.00% for loans up to 100% LTV with a maximum credit line of $100,000 as of 1/01/2025. The APR may be adjusted quarterly on the first day of January, April, July, and October with a maximum rate of 18%. The index value is determined as of 10 days before the date of any annual percentage rate adjustment. The current index value is 7.50% as of 1/01/2025.
2HFS FCU will pay up to $2,000 in closing costs on approved lines; however, if the Equity Line is closed within 36 months of the plan opening, the borrower will be responsible for reimbursing the Credit Union for all fees. Estimated closing costs will be between $0 and up to $2,000. The total term of the loan under the plan shall not exceed 20 years (including a 5-year draw period and a maximum 15-year repayment period) from the opening date. During the draw period, each time a loan advance is taken, an amortization period of 240 months will be used to calculate the payment. The property that is used to secure your HFS Home Equity Line of Credit must have valid homeowners insurance, including hurricane coverage, and be your primary residence located in the State of Hawai’i. Flood insurance is also required for properties located in a flood hazard zone. An initial deposit of $800 is required to defray initial expenses. This deposit will be refunded or applied to any closing costs in excess of $2,000 if the line is approved. This offer is available for a limited time only and is subject to change without notice. There are no annual fees.
3Maximum credit line of $500,000 for loans up to 80% LTV. Maximum credit line of $100,000 for loans greater than 80% LTV up to 100% LTV. Minimum credit line of $5,000.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawai’i. A minimum opening balance of $50.00 is required to open a Savings Account.4Members should consult a tax professional for guidance on whether or not the interest is tax-deductible.
Subject to credit approval.
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