Home Equity Line of Credit (HELOC)

Tap into your home’s equity with a Home Equity Line of Credit (HELOC) from Connect Credit Union and enjoy competitive rates, flexible terms, and personalized local service.

A HELOC gives you access to funds when you need them, helping you manage major expenses with confidence and control.

Connect Credit Union offers Home Equity Lines of Credit for eligible homeowners across Florida, including Fort Lauderdale, Miami, Stuart, Broward County, Miami-Dade County, and Martin County.

A Home Equity Line of Credit, commonly known as a HELOC, is a revolving line of credit that allows you to borrow against the equity in your home.

Unlike a traditional home equity loan, a HELOC lets you access funds as needed, repay what you use, and borrow again during the draw period.

This flexibility makes HELOCs ideal for ongoing or unpredictable expenses.

A HELOC from Connect Credit Union offers practical advantages for qualified homeowners:

• Competitive adjustable interest rates
• Draw period of up to 10 years
• Borrow only what you need, up to your approved limit
• Loan amounts up to $450,000
• Interest is charged only on funds used
• Flexible repayment options
• Terms up to 20 years, based on eligibility

Rates, terms, and credit limits are subject to underwriting and property qualifications.

When you choose Connect Credit Union, you work with a Florida-based financial institution focused on long-term member success.

Our advantages include:

• Local decision-making by experienced lenders
• Lower fees compared to many large banks
• Personalized guidance from a dedicated team
• Convenient access through mobile, online, and in-branch banking

We combine local service with modern lending tools to make home equity financing simple and transparent.

Members across Florida use HELOCs for a wide range of financial goals, including:

• Home improvements and renovations
• Consolidating higher-interest debt
• Paying for education expenses
• Covering medical or emergency costs
• Funding major life events

A HELOC gives you flexibility to manage both planned and unexpected expenses.

• Lump-sum funding
• Fixed payment schedule
• Fixed interest rate
• Set repayment term

• Revolving line of credit
• Access funds as needed during the draw period
• Variable interest rate
• Pay interest only on the amount used
• Flexible borrowing for ongoing expenses

Our streamlined process makes it easy to get started.

1. Connect with the Member Service team online, by phone, or at a branch
2. Receive a pre-qualification and credit review
3. Get approved for a credit limit based on home value and financial profile
4. Access funds as needed during the draw period
5. Make payments based on your outstanding balance

You only pay interest on the amount you use, not the full credit line.

Connect Credit Union offers competitive HELOC rates and flexible terms for qualified borrowers.

Rate features include:

• Variable interest rates tied to market conditions
• Transparent pricing
• Clear repayment schedules

View current rates and disclosures on our Home Equity Rates page.

Rates are subject to change. Membership eligibility is required.