Home Equity Line of Credit

"It would make my life easier to have quick access to cash for planned and unexpected expenses."
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Flexible funding you can use for any reason at all.

Life is full of possibilities. Whether you're planning your dream vacation, tackling a home improvement project, or simply need some financial breathing room, a home equity line of credit (HELOC) from Clearview Federal Credit Union can be your partner in progress. You can tap the equity in your home for a low-cost line of credit, using as much or as little as you need at any given time. This revolving line of credit keeps money available for whenever you might need it over a 10 year draw period.

  • Low introductory rate1
  • No application fees or annual fees
  • Closing costs refunded up to $2002
  • Borrow up to 85% of the appraised value of your Pennsylvania home, minus what you owe on your mortgage
  • No restrictions on use of funds, can even be used to consolidate higher-interest loans3
  • Access money whenever you need it through digital banking or with checks
What's included?
  • Low introductory rate
  • Refund on closing costs
  • Fast, easy access to money
7.99% APR*
Introductory home equity line of credit
*Rates as low as
View rates go to the home equity loans rate page

Know this before you apply for a home equity line of credit

How does a home equity line of credit work?

​A home equity line of credit (also called a HELOC) is an open revolving form of credit that’s secured by the paid value of your home. You can apply for a home equity line of credit up to 85% of your home’s equity, or the difference between what’s currently owed on their home loan and the market value of it. Home equity lines of credit usually have better interest rates and more flexible repayment terms than any other loan type. Unlike traditional loans, funds are withdrawn as needed rather than being received in a lump sum (similar to a credit card).

It's also worth noting that you may have a "draw" period, during which time any available funds can be accessed, generally ranging from 5-10 years. After the draw period, any withdrawn funds will need to be repaid, either immediately or within a set time. HELOCs are used most often to pay for home improvement projects, but they can be spent however you choose — a wedding, vacations, adoption, debt consolidation, and more.

How much equity is in my home?

Try using our home equity calculator to help calculate this amount. Your equity is your home's current market value minus the remaining balance on your mortgage.

What are the advantages of a credit union HELOC?

Clearview Federal Credit Union is not-for-profit and without shareholders, unlike large banks. That means any profits we earn are given back to members in the form of lower interest rates and greater flexibility in payment terms for home equity lines of credit. We want to help you achieve your financial goals and improve your financial well-being along the way.

*APR = Annual Percentage Rate. All rates are subject to change without notice. Loan must be secured by primary residence, which must be owner-occupied. All loan approvals are subject to normal underwriting guidelines. The consumer should consult a tax adviser for further information regarding the deductibility of interest and charges. Home Equity Loans, Lines of Credit, and First Mortgages are available in all states except Alaska, Hawaii, and Texas.

APR = Annual Percentage Rate. Rates are based on the loan-to-value, term of loan, and creditworthiness. Home Equity Rates listed are based on an 80% loan-to-value. Other rates and terms are available.

2 Introductory rate is based on a 6-month introductory term with initial advance of $10,000 in new funds. The introductory rate will be effective for 6 months from closing date. After 6 months, the variable rate will be indexed as low as Prime Rate minus 0.75%, based on creditworthiness and loan-to-value, with a floor of 2.99% APR. The maximum variable rate that may be imposed is 18%. Variable rate includes 0.25% discount if you have an active Absolute Checking® account. Introductory rate not available on the interest only product. The index used to determine the APR will be the Prime Rate found in the Money Rates Section of the Wall Street Journal published on the first working day of the month. The APR will then be adjusted and effective on the first day of the same month. Minimum credit limit is $10,000.

3 Consult a tax adviser for further information regarding the deductibility of interest and charges.

Questions about a home equity line of credit?
Clearview offers competitive rates and flexible repayment terms. View our current home equity rates and terms.
For current Clearview members, check the “My offers” section within digital banking to see if you’ve been pre-approved. You can apply using this feature or through digital banking by selecting Add Product. You can also apply by starting a video call with Clearview Live®, visiting your local financial center, or calling us directly at 1-800-926-0003.
For new members, you can apply by using our online application, starting a video call with Clearview Live®, visiting your local financial center, or calling us directly at 1-800-926-0003.
Once an application is completed, it’s either sent to underwriting for review, or for closing if it has been pre-approved or instant approved.
For additional questions contact our Care Center by calling 1-800-926-0003 or fill out a form below and someone will reach out.
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Looking to speak with someone about home equity? Complete the below form and we'll be in touch!

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