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Home Equity Line of Credit

The hard work you've put into your home can result in equity that helps you to finance anything that matters to you. Our initial fixed-rate HELOCs provide you with funding that's affordable and flexible so you can achieve more of your goals.

Home Equity Line of Credit

HawaiiUSA's Home Equity Line of Credit1 is available on your owner-occupied property in Hawaii. Choose from two different terms, all with competitive fixed rates that will save you money. We're committed to providing smart choices that allow you to benefit from the time and effort you've spent increasing your home's value.

  • No annual fee
  • No prepayment penalty 
  • No check-purchase fee
  • No points fee
  • Interest payments may be tax-deductible (please consult your tax advisor)

Initial Fixed-Rate HELOC Options 1

Initial Fixed Term Initial Fixed Rate (APR*) Current Variable Rate (APR*)
2 year 2.25% 4.50%
3 year 3.00% 4.50%
  • Term: 15 year (5-year draw period with a 15-year amortization)
  • Credit Limit: $10,000 to $500,000
  • Minimum Advance: $250

* Annual Percentage Rate

1 HOME EQUITY LINE OF CREDIT (“HELOC”): Annual Percentage Rate (APR) as low as 2.25% fixed for 2 years, from the date your new home equity line of credit (HELOC) account is opened (initial fixed-rate term). After the initial fixed-rate term, the interest rate may vary on a quarterly basis on the statement cycle date of February, May, August, and November. The APR will equal 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%. The current index is 1.94% as of 8/1/2019. The current non-discounted fully indexed variable APR as of 8/1/2019 is 4.50%. 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%, the floor rate, 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 if required include, but are not limited to, title insurance, escrow fees, recording fee, trust review and trust documentation, mortgage or other document preparation fees, and property evaluation. May inquire for more details on the listed services. 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 with the estimated cost varying from $500 to $1,500 depending on the property. When an initial draw of a minimum $25,000 or more new monies is advanced at opening, certain third party fees may be waived (fees waived include valuation assessment, title insurance, recordation, credit report and flood certification/tracking) when you agree to maintain the account balance less normal minimum monthly payments for a period of six-months from opening and do not close the loan within three (3) years from opening. Hawaii properties must be fee simple and owner occupied to qualify. Maximum loan amount is lesser of $500,000 or up to 80% of your home value. Higher LTV programs are available with price adjustments. HELOC has a five-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. HOME IMPROVEMENT LOAN/GREEN LOAN. All proceeds must be for home improvements to owner occupied principal residence; invoice receipts or contracts should be reviewed to verify proceeds used for home improvement purposes. 70% or more of loan proceeds must be for green products and installation cost. Collect $41 filing fee for UCC F/S to be recorded for loans of $25,000 or more for photo voltaic systems. Option for a one-time re-amortization of the remaining balance within the remaining terms of the original maturity after principal reduction is available within the first 24 months of loan origination. UCC F/S expired in 5 yrs- UCC F/S renewal extension not required for remaining term. Loans to finance leasing of PV units for the purpose of purchasing electrical rates from leasing company shall be limited to terms of 7 years or less. Loan must be with tax credits for PV systems. UCC Financial Statement to be filed. 5/15 Yr. balloon loan is only available for outright purchases of the PV system. Borrowers should be advised of pay-off requirement at 5 year maturity. Discount on 60 Mo HIM/Green Loan not applicable. Discount on 5/15yr balloon applicable. We do business in accordance with the federal Fair Housing Act and the Equal Credit Opportunity Act.HOME EQUITY LINE OF CREDIT (“HELOC”): Annual Percentage Rate (APR) as low as 2.25% fixed for 2 years, from the date your new home equity line of credit (HELOC) account is opened (initial fixed-rate term). After the initial fixed-rate term, the interest rate may vary on a quarterly basis on the statement cycle date of February, May, August, and November. The APR will equal 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%. The current index is 1.94% as of 8/1/2019. The current non-discounted fully indexed variable APR as of 8/1/2019 is 4.50%. 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%, the floor rate, 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 if required include, but are not limited to, title insurance, escrow fees, recording fee, trust review and trust documentation, mortgage or other document preparation fees, and property evaluation. May inquire for more details on the listed services. 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 with the estimated cost varying from $500 to $1,500 depending on the property. When an initial draw of a minimum $25,000 or more new monies is advanced at opening, certain third party fees may be waived (fees waived include valuation assessment, title insurance, recordation, credit report and flood certification/tracking) when you agree to maintain the account balance less normal minimum monthly payments for a period of six-months from opening and do not close the loan within three (3) years from opening. Hawaii properties must be fee simple and owner occupied to qualify. Maximum loan amount is lesser of $500,000 or up to 80% of your home value. Higher LTV programs are available with price adjustments. HELOC has a five-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. HOME IMPROVEMENT LOAN/GREEN LOAN. All proceeds must be for home improvements to owner occupied principal residence; invoice receipts or contracts should be reviewed to verify proceeds used for home improvement purposes. 70% or more of loan proceeds must be for green products and installation cost. Collect $41 filing fee for UCC F/S to be recorded for loans of $25,000 or more for photo voltaic systems. Option for a one-time re-amortization of the remaining balance within the remaining terms of the original maturity after principal reduction is available within the first 24 months of loan origination. UCC F/S expired in 5 yrs- UCC F/S renewal extension not required for remaining term. Loans to finance leasing of PV units for the purpose of purchasing electrical rates from leasing company shall be limited to terms of 7 years or less. Loan must be with tax credits for PV systems. UCC Financial Statement to be filed. 5/15 Yr. balloon loan is only available for outright purchases of the PV system. Borrowers should be advised of pay-off requirement at 5 year maturity. Discount on 60 Mo HIM/Green Loan not applicable. Discount on 5/15yr balloon applicable. We do business in accordance with the federal Fair Housing Act and the Equal Credit Opportunity Act.