HELOC: Putting your Home Equity to work!

A HELOC (Home Equity Line of Credit) uses the available equity in your home to fund larger expenses. The money from a HELOC can be used for just about anything, including home improvements, dream vacations, and education expenses. Denver Community Credit Union's HELOC product has a 10 year draw period.  A 10 year draw period means that you can use the line of credit for 10 years, and then you will have an additional 15 years to pay back the loan once the draw period ends. A HELOC is a great option because you only take out as much as you need, when you need it, and only pay interest on the balance that you owe. (See details at the bottom of this page.)

The features of our HELOC include:
  • Up to 10 years of interest-only payments during the draw period
  • 15 year payback period
  • Possible tax benefits1


Fill out the form below or call: 303-420-2025


How much can you borrow?**


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* All products are subject to credit and property approval. Low payments - members are only required to make interest only payments or $100.00, whichever is greater for the first 10 years. Rates are variable and are subject to change without notice. Terms are subject to change without notice. Application and appraisal fees may apply. Certain restrictions and limitations may apply. Home equity loans must be secured by your owner-occupied residence. Loan-to-value (LTV) of 85% or less, depending on market. Property insurance is required. The rate is indexed to prime plus or minus a predetermined margin and is subject to change monthly. The floor interest rate is 5.00% APR. (APR = Annual Percentage Rate). All application requests are subject to credit approval. Home Equity Lines of Credit are offered through Denver Community Credit Union. Must qualify for membership. To qualify for membership, one must live or work in Adams, Arapahoe, or Denver County. 1 For specific tax advice regarding the possible deduction of your HELOC's interest, please consult a qualified tax professional. ** Actual amount of the line of credit depends on multiple factors including but not limited to credit, debt to income, value of the home, and other liens against the property.

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