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 seven 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*)
1 year 0.75% 4.25%
2 year 1.75% 4.25%
3 year 2.75% 4.25%
4 year 3.50% 4.25%
5 year 3.75% 4.25%
10 year 5.00% 4.25%
15 year 6.50% 4.25%
  • Term: 15 year (5-year draw period with a 15-year amortization)
  • Credit Limit: $10,000 to $200,000
  • Minimum Advance: $250

* Annual Percentage Rate

1 HOME EQUITY LINE OF CREDIT ("HELOC"): Annual Percentage Rate (APR) as low as 0.75% APR fixed for one year (first 12 months), 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 0.22% as of 5/1/2015. The current non-discounted fully indexed variable APR as of 2/1/2015 is 4.25%. 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 ($125-$300), escrow fees ($200-$500) recording fee ($26-$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 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. 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 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.