Access Flexible Financing with a Home Equity Line of Credit
Your home has value. Use it to pay for renovations, education, or a major purchase — with competitive rates and the convenience of a Visa® Card.
Low Rates & Flexible Terms
Borrow Up to 75% of Equity
10-Year Draw Period
Fixed Rate First 12 Months
Home Equity Line of Credit
Your home has value; and with a Home Equity Line of Credit from Wheelhouse Credit Union, you can use that equity to pay for home renovations, a newly remodeled kitchen and other large purchases. With an Equity Visa® Card and Wheelhouse’s state-of-the-art digital banking, making purchases and transfers is easy.
HELOC Rates
Flexible financing
| Combined Loan-To-Value (CLTV) | Loan Amount | Rate (as low as) | Introductory APR* (as low as) | Points |
|---|---|---|---|---|
| Up to 75% | $25,000 to $100,000 | 6.99% | 6.99% | 0.000 |
| Up to 65% | $25,000 to $250,000 | 6.99% | 6.99% | 0.000 |
Second Home property types will require a 0.25% add-on to published rate. Investment property types will require a 0.50% add-on to published rate. $25,000 minimum loan amount. Other conditions may apply.
Disclosure
*APR = Annual Percentage Rate. Rates are effective as of 08/01/2026 and are subject to change without notice. Rates are based on creditworthiness. Introductory rate is fixed for the first 12 months.
1Introductory fixed APR is based on a combined loan-to-value (CLTV) and will remain in effect for 12 months from the date the Home Equity Line of Credit (HELOC) Agreement and Disclosure Statement was signed. Thereafter, the introductory APR will revert to a variable APR and will be adjusted on the first day of each billing cycle based on the WSJ Prime Rate + a margin up to 3.00% depending on loan parameters. As of 12/11/2025, the APR ranges from 7.75% – 9.75% APR. The maximum APR that can be applied is 18.00% and the minimum is 3.99%. Maximum credit limit subject to CLTV guidelines. Minimum credit line available is $25,000. You can obtain advances of credit for 10-years (Draw Period); the Draw Period will be followed by a Repayment Period as outlined in your HELOC Agreement. Property insurance is required. All loans are subject to credit approval, income verification, and satisfactory appraisal and collateral. Rates, terms, and fees are subject to change without notice. Please consult a tax advisor regarding the deductibility of interest. Download this PDF guide to learn more about What You Should Know About Home Equity Lines of Credit (https://www.wheelhousecu.com/files/201603_cfpb_booklet_heloc.pdf).
Draw Period: You can obtain advances of credit for 10-years (Draw Period). During the Draw Period, your minimum payment will equal the total of (a) the periodic finance charges, and other fees, charges and costs including without limitation, any other expenses or advances incurred by us under the Security Instrument and (b) accrued but unpaid interest for prior Billing Cycles. The Draw Period will be followed by a Repayment Period as outlined in your HELOC Agreement. During the Repayment Period, if any, your minimum payment will equal the fraction as outlined in your HELOC Agreement of your unpaid Account Balance at the end of the Draw Period, plus all periodic finance charges, and other fees, charges, and costs. All payments will be due monthly. The minimum payments may not be sufficient to fully repay the principal that is outstanding on your HELOC. If they are not, you will be required to pay the entire outstanding balance in a single payment and a balloon payment may result. Your minimum payments will not repay the principal that is outstanding on your line. You will be required to pay the entire outstanding balance in a single payment.
Minimum Payment Example: The information provided is based on an initial $10,000 advance at funding on an existing single-family home used as a primary residence. The assumed credit score is 720 with an assumed CLTV of 75% and a credit limit of $100,000.
During Draw Period
• 12 payments of $58.25 at an initial interest rate of 6.99%.
• 108 payments of $70.83 at a variable interest rate of 8.50%.
During Repayment Period
• 239 payments of $86.79 at a variable interest rate of 8.50%.
• 1 payment of $84.27 at a variable interest rate of 8.50%.
Other terms and conditions may apply. Equal Housing Opportunity. Membership required.
Access Your Equity
With no extra fees or hidden costs, a Home Equity Visa® makes accessing your home’s equity easier than ever.
Benefits of a Wheelhouse HELOC
We’ve thought of everything to make it easy
Set up automatic payments to your HELOC through Digital Banking
Get your statements faster when you enroll in free eStatements through Digital Banking
Interest paid on your HELOC may be tax deductible. Consult your tax advisor.
Home Equity Calculators
Calculate A Home Equity Line Of Credit Payment
Use Home Equity For A Major Purchase
Home Equity Loan or Line of Credit?
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Disclosures
*APR = Annual Percentage Rate. Rates effective as of 08/01/2026 and are subject to change without notice. Rates are based on creditworthiness. All loans subject to credit and collateral approval. Membership required.
1Wheelhouse® Credit Union’s primary area of service is California which includes San Diego County. Your home must be owner occupied and located in our service area. Introductory fixed APR is based on a combined loan-to-value (CLTV) and will remain in effect for 12 months from the date the Home Equity Line of Credit (HELOC) Agreement and Disclosure Statement was signed. Thereafter, the introductory APR will revert to a variable APR and will be adjusted on the first day of each billing cycle based on the WSJ Prime Rate + a margin up to 3.00% depending on loan parameters. As of 08/01/2026, the APR ranges from 9.50% - 11.50% APR. The maximum APR that can be applied is 18.00% and the minimum is 3.99%. Maximum credit limit subject to CLTV guidelines. Minimum credit line available is $25,000. You can obtain advances of credit for 10-years (Draw Period); the Draw Period will be followed by a Repayment Period as outlined in your HELOC Agreement. Property insurance is required. All loans are subject to credit approval, income verification, and satisfactory appraisal and collateral. Rates, terms, and fees are subject to change without notice. Please consult a tax advisor regarding the deductibility of interest. Download this PDF guide to learn more about What You Should Know About Home Equity Lines of Credit.
Draw Period: You can obtain advances of credit for 10-years (Draw Period). During the Draw Period, your minimum payment will equal the total of (a) the periodic finance charges, and other fees, charges and costs including without limitation, any other expenses or advances incurred by us under the Security Instrument; (b) accrued but unpaid interest for prior Billing Cycles; and (c) premiums for any optional credit life insurance. The Draw Period will be followed by a "Repayment Period" as outlined in your HELOC Agreement. During the Repayment Period, if any, your minimum payment will equal the fraction as outlined in your HELOC Agreement of your unpaid Account Balance at the end of the Draw Period, plus all periodic finance charges, and other fees, charges, and costs. All payments will be due monthly. The minimum payments may not be sufficient to fully repay the principal that is outstanding on your line. If they are not, you will be required to pay the entire outstanding balance in a single payment and a balloon payment may result. Your minimum payments will not repay the principal that is outstanding on your line. You will be required to pay the entire outstanding balance in a single payment.
Minimum Payment Example: The information provided is based on an initial $10,000 advance at funding on an existing single-family home used as a primary residence. The assumed credit score is 720 with an assumed CLTV of 75% and a credit limit of $100,000.
During the 10-Year Draw Period
• 12 payments of $66.58 at an initial interest rate of 7.99%
• 108 payments of $79.16 at a variable interest rate of 9.50%
During the 20-Year Repayment Period
• 239 payments of $93.27 at a variable interest rate of 9.50%
• 1 payment of $89.25 at a variable interest rate of 9.50%
Membership required. Equal Housing Opportunity.