Home Equity Line of Credit

Access your home's equity when you need it with flexible terms and no annual fees.

Competitive, low rate
Refund on closing costs
Fast, easy access to money

Whether you're planning a vacation, tackling a home improvement project, or need financial breathing room, a home equity line of credit (HELOC) from Clearview Federal Credit Union can be your partner in progress. Tap into your home’s equity with a low-cost line of credit and borrow what you need over a 10-year draw period.

Clearview HELOC benefits

No application fees or annual fees
Closing costs refunded up to $200
Borrow up to 100% of your Pennsylvania home’s appraised value, minus your mortgage balance
Use funds for almost any purpose, including higher-interest debt consolidation
Access money through digital banking or by check

HELOC vs. home equity loan: which option fits your needs?

Feature	Home Equity Line of Credit	Home Equity Loan
Best for	Ongoing expenses	One-time expense
Loan Terms	10-year draw + 20-year repayment	5, 10, 15, or 20 years.
Rate	Variable	Fixed
Funding	Access through digital banking or checks	One lump sum
Loan to Value	Borrow up to 100%	Borrow up to 90%

Current home equity line of credit rates in Pittsburgh, PA

Rates as low as

6.00% APR

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No application fee • Local decisions • Personalized guidance

Interest-only home equity line of credit

Looking for a flexible way to access your home’s equity while keeping your monthly payments low? Our interest-only home equity line of credit might be the perfect fit. This option allows you to borrow funds using your home’s equity and make payments on only the interest on the amount borrowed during the draw period, giving you more financial flexibility.

Key home equity line of credit considerations

How a home equity line of credit works

A HELOC is a revolving form of credit secured by your home’s equity, or the difference between its market value and what you owe on your mortgage. Unlike a traditional loan, a HELOC lets you access funds as needed rather than receiving one lump sum. Home equity lines of credit usually have better interest rates and more flexible repayment terms than any other loan type.
During the draw period, you may borrow, repay, and borrow again up to your available credit limit. After the draw period ends, any withdrawn funds will need to be repaid, either immediately or within a set time.

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Ways to use a HELOC
A Clearview home equity line of credit offers flexible financing for:
Home improvements and repairs
Debt consolidation
Education expenses
Weddings or adoption costs
Major purchases
Unexpected expenses
Travel and other planned expenses
Your home secures the line, so weigh costs and repayment terms carefully. A Clearview expert can help you compare your options.
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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.

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Determining equity in your home

Before you apply for a home equity loan, try using our calculator to help calculate your equity. Equity is your home's current market value minus the remaining balance on your mortgage.

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