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Home Equity Line of Credit

Use funds from your home for anything you want, anytime you need — even in case of emergency.

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Home Equity Line of Credit 6-Month Intro Interest Rate 6-Month Intro APR Interest Rate  APR  Points 
Home Equity Line of Credit 1.99% 1.99% 4.75% 4.75% 0.0

Each individual's Annual Percentage Rate (APR) is determined by the applicant's credit history. Not all applicants will qualify for the displayed lowest rates. Home Equity Line of Credit: The Introductory Annual Percentage Rate (APR) of 1.99% is for new home equity lines of credit only and is for the first six months. To receive the Introductory rate, a draw of at least $5,000 must be made within 30 days of account opening. After the introductory rate expires, balances will be charged at the variable APR based upon the Prime rate as published in The Wall Street Journal plus a margin. The APR will never be lower than 3.75% or higher than 18%. Rates vary depending upon credit history, combined loan-to-value (CLTV), and occupancy. The stated rate, correct as of 10/31/19, applies to borrowers with credit scores of 730 or greater, CLTV 80% or less, and owner-occupied single-family residences. Elements Financial will pay flood determination fee, title search, and simple valuation. You may be required to pay other costs such as recording fees, taxes, and when required, appraisal fees. These costs vary by state and property type. Elements Financial reserves the right to modify or end this offer at any time. Additional terms and conditions may apply. Subject to credit approval. Elements Financial Membership Required.

Home Equity Line of Credit


  • Introductory rates as low as 1.99% APR on New Home Equity Lines of Credit for 6 months then as low as 4.75% variable APR.
  • Have funds available for unexpected emergencies like a new furnace, medical bills, or other major surprise expenses
  • Use it for major expenses: home improvements, new car, tuition, big vacation, second home, debt consolidation
  • Access your equity simply and easily with the Equity Access Card
  • No closing costs
  • No prepayment penalties
  • No annual fee
  • Most closings in two weeks or less


  • The amount you can borrow is based on the equity you have in your home
  • Access as much or as little as you need whenever you need it — up to the credit limit established at closing


Our experienced, helpful member service team is ready to support you!


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How Can I Use a Home Equity Line of Credit?

It’s up to you! You can use your Elements Home Equity Line of Credit (HELOC) to finance major expenses, such as:

  • Unexpected emergencies
  • Home improvements
  • A new car
  • Tuition
  • That big vacation
  • A second home
  • Medical bills
  • Debt consolidation


Personal Mortgage Guidance

With an Elements Home Equity Line of Credit, you will get:

    • Experienced mortgage team to support you
    • Direct line of communication to your personal mortgage expert

How It Works

  • A Home Equity Line of Credit, also known as a HELOC, allows you to borrow funds using your home as collateral.
  • The amount you can borrow is based on the equity you have in your home.
  • You can access as much or as little as you need from your HELOC, whenever you need it, up to the credit limit established at closing.
  • HELOC funds can be borrowed during the “draw period” (typically 5 to 25 years) and you pay back the amount drawn plus interest during the “repayment period.”
  • Elements will provide checks and an Equity Access Visa Card that you can use to easily access your HELOC funds and make purchases.

Frequently Asked Questions


Q: Are there closing costs associated with a Home Equity Line of Credit?
A: Possibly, an appraisal fee may be necessary, depending on the value and equity of the loan.

Q: Does Elements Financial offer debt consolidation loans?
A: We do offer consolidation loans for our members to consolidate bills and pay off other debts. There are several options available to most members. This may include Personal Loans, Home Equity Loans, a Home Equity Line of Credit (see information on this page), or even a first mortgage refinance with a debt consolidation option.

How to Get Started


You can apply online in as little as 10 minutes! Or call 1-800-621-2105 to get started.

What you’ll need to apply:

    • Your government-issued ID (driver’s license, state ID or passport)
    • Estimates of your household income, assets, home value and price you paid for your home

What to expect during the application process:

  1. We’ll contact you within 1 business day after you submit your application to review documentation that we’ll need from you and answer questions you may have.
  2. We’ll confirm your home’s value via a basic valuation of your home and collect a few documents from you.
  3. We’ll contact you with a decision within 10 business days and schedule a closing if approved.
  4. That’s it – your Elements Home Equity Line of Credit is now open!

How Much Can I Borrow From My Home Equity?

Home Equity Calculator


in a home equity loan or line of credit

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