Hybrid Home Equity Line of Credit (HELOC)

This is the turning point. This is the moment you go from dreaming to doing. This is when you make your house bigger, your life better or your kids smarter by sending them off to college. With a Hybrid Home Equity Line of Credit, you can afford to do all the things your family deserves. And you can do them on your own schedule with a line of credit that gives you 10 years of low-cost borrowing power.

• Funds for home remodeling, major purchases, tuition costs, family vacations and any other use
• Access credit lines of $10,000 and more
• Borrow up to 80% of your home's equity, which is market value minus outstanding mortgage balances
• Fixed rate for the first 3, 4, or 5 years that switches to a variable rate
• Easy access to funds through special checks or through Online or Mobile Banking
• When you make your monthly payments, the funds become available again without submitting another application and paying fees again
• Devidot Credit Union may cover up to $1,000 in closing costs*
• Interest payments could be tax-deductible**