Home Equity Loans & Lines of Credit

Life's to-do list can be lengthy, and costly. Use your home's equity to take on big projects, address large expenses or consolidate debt to save money. We'll help you make your home's equity work for you.

Your home holds the key

What plans do you have in mind? Your home's equity could help you get there. Home additions and remodeling are always popular, but you can also use this affordable funding to pay for a family vacation, wedding celebration, college education or to consolidate higher-interest debt. At Maui County FCU, we'll help you take advantage of this option with attractive rates.

  • Available for 1st and 2nd home mortgages.
  • Apply for a credit limit of $20,000 to $500,000 up to 80% of the value of your home less any existing mortgage balances.
  • Initial Rate fixed for the first 2 years, then adjusts semi-annually based on the six month Treasury Bill rate.
  • Most closing costs may be waived, estimated at between $500 to $1,200 if borrower does a minimum $5,000 disbursement within the first 6 months of account opening and does not close the credit line within 12 months of opening.
  • Minimum draws are $500 per draw.
  • HELOC has a 10-year draw period with a 20-year amortized repayment (principal and interest) period with a minimum $100 monthly payment.
  • Borrower must carry fire, hurricane, and flood (if applicable) insurance on the property that is secured as collateral at the borrowers’ expense.
  • Not available for condotels, leasehold properties, modular or manufactured homes.

Questions about how a HELOC could work for you? Our friendly mortgage team can help you sort through the options. Email us at [email protected].