Home Equity Line of Credit (Variable-Rate)

You’ve put a lot of love and hard work into your home, so let HawaiiUSA FCU reward you with a Home Equity Line of Credit that allows you to use the equity in your home to fund other goals in your life.

With HawaiiUSA, certain lender’s fees will be waived and there are no annual or termination fees.* Plus, the interest paid may be deductible, but consult with a tax professional for details. Only owner-occupied properties in the state of Hawaii are eligible for our two home equity financial instruments.

80% Loan To Value HELOC

  • Loan amounts range from $10,000 to $200,000
  • Renewable draw period
  • 15-year amortization
  • Quarterly adjustments, not monthly
  • 1% cap per quarterly adjustment
  • 2.5% Margin

For more Home Equity Line of Credit loan options visit any of our branches or call (808) 534.4300 or toll-free (800) 379.1300.

*HOME EQUITY LINE OF CREDIT (“HELOC”): The current prevailing rate is 4.25% APR. The prevailing rate is a variable rate which may vary on a quarterly basis on the statement cycle date of February, May, August & November. The APR will be equal to the index, which is the weekly average yield on US Treasury Security adjusted to a constant maturity of one year, plus a margin of 2.50% rounded up to the nearest 0.25%. As of 02/01/15, the US Treasury Security index was 0.24%. The rate cannot increase or decrease more than 1.00% at each quarterly rate adjustment but may exceed that for the single adjustment at the end of a promotional discounted rate period. In no event will the APR be less than 4.25% nor higher than 18.00% or the maximum permitted by law, whichever is less. HawaiiUSA FCU charges no credit union closing cost; however, you will be required to pay certain fees to third parties at closing that may range from $0 - $1,500. These fees include, but are not limited to, title insurance ($125-$300), recording fee ($25-$55), trust review and trust documentation ($155-$400), mortgage or other document preparation fees ($125-$175), and property evaluation ($65-$100). We will use a property evaluation to determine the property value, if the value is not sufficient an appraisal will be required at your expense, estimated cost may vary from $500 to $1,500 depending on the property. Hawaii properties must be fee simple and owner-occupied to qualify. Maximum loan amount is lesser of $200,000 or up to 80% of your home value. Higher LTV programs are available with price adjustments. HELOC has a 5-year draw period with a 15-year amortized repayment (principal and interest payment). Minimum monthly payment is $150. You must carry fire, hurricane & flood (if applicable) insurance on the property that secures the credit at homeowners’ expense. No annual fee or prepayment penalty. HawaiiUSA FCU membership is required (minimum $5 share account). Program subject to change or discontinuation without notice.

Contact Us

Oahu: (808) 534.4300
Toll-Free: (800) 379.1300


Personal Loan as low as 4.50% APR

View All Rates & Disclosures

HawaiiUSA FCU For more information, call HawaiiUSA FCU at (808) 534.4300 or toll-free (800) 379.1300, click or visit one of our branches.
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