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Ohio Educational CU
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Home Equity Loans

Home Equity Line of Credit



An OHecu Home Equity Line of Credit allows you easy access to the equity in your home as a source of funds whenever the need arises. With an OHecu Home Equity Line of Credit, there are no up-front costs to apply, no points to pay and no closing costs when you maintain the Home Equity Line of Credit for at least 3 years.**

OHecu also recently introduced a new Fixed Rate HELOC, which gives you the stability of a fixed rate when market rates increase. With rates now as low as 4.99% APR*, you can apply online, in-branch, or call our Member Service Center. 

Variable Rate HELOC

  • Easy Access to Home Equity Line of Credit Funds
  • No Minimum Initial Draw
  • No application fee, no points, no closing costs**
  • Interest paid on your OHecu Home Equity Line of Credit may be tax deductible – contact a tax advisor for verification
  • Free Home Equity Checks
  • Payments Made Easy: Automatic Loan Payments
  • See Current Rates
 

Fixed Rate HELOC

  • Easy Access to Home Equity Line of Credit Funds
  • $10,000 Initial Draw
  • No application fee, no points, no closing costs**
  • Your rate stays the same even when market rates increase
  • Free Home Equity Checks
  • Payments Made Easy: Automatic Loan Payments
  • See Current Rates
 

You can also apply by stopping into an OHecu office or calling our 24/7 Member Services Center at 877-322-6328.

Home Equity Loan Refinancing

If you already have a Home Equity Line of Credit financed at another bank or credit union, refinance with OHecu to save on your monthly payments.   View our current rates here.  

APPLY NOW 

You can also apply by stopping into any OHecu office or by calling our 24/7 Member Services Center at 877-322-6328. 

NMLS: #412096


* APR= Annual Percentage Rate. This is a fixed rate as of March 28, 2019 and is the best rate available to OHecu members with Tier A+ or better credit; and is based on an 80% loan to value, owner occupied principal residence. Loan fees and closing cost, which generally total between $150 and $400, are waived. If OHecu pays these fees on your behalf and you close your Home Equity Line of Credit within the first three years of opening, you agree to reimburse OHecu these fees. $10,000 initial draw is required at time of closing. Offer is subject to change without notice.

** Loan fees and closing costs, which generally total between $150 and $400, are waived.   If OHecu pays these fees on your behalf and you close your Home Equity Line of Credit within the first three years of opening, you agree to reimburse OHecu these fees.