Home Equity Line of Credit
Telhio has a wide range of home equity and home improvement options, from traditional lines of credit to loans that do not require equity. Our terms range from 5 to 20 years with low fixed and variable interest rates.
Unlock Your Home's Equity
For a limited time, we're offering a special HELOC rate to help you tap into your home's equity with more confidence and flexibility. Whether you're planning a home project, covering unexpected expenses, or consolidating debt, our Home Equity Line of Credit can give you access to funds when you need them.
Rates as low as 6.25% APR*
Receive a promotional rate of Prime minus 0.50% for the life of the loan.
Pay no closing costs
Pay no closing costs on HELOCs up to $250,000. Additional fees may apply.
Flexible access to funds
Apply for $5,000 to $500,000 and borrow only what you need, when you need it.
*APR = Annual Percentage Rate. Application Period and Approval. Applies to HELOC applications received from 8/1/2026 through 9/30/2026. All applications are subject to credit approval. Rate and Repayment Terms. The variable rate starts as low as Prime minus 0.50%, subject to a floor rate of 5.00% APR. Qualified borrowers may be eligible for Prime minus 0.50% during a 10-year draw period, followed by a 15-year repayment period. The APR will never be lower than 5.00% or higher than 18.00% during the life of the loan. The rate is a variable APR based on the current Prime Rate as published in The Wall Street Journal and is subject to change monthly without notice. Use of the term "Prime" does not indicate that the rate is the best or lowest rate offered by any lender. To determine the annual percentage rate, Telhio uses the current Prime Rate minus 0.50%, subject to the minimum APR stated above. As of 7/20/2026, the Prime Rate is 6.75%. Eligibility Requirements. This offer may not be used for purchase money transactions and is available for owner-occupied residences only. The advertised rate is available to applicants with credit scores greater than or equal to 740, a minimum loan amount of $5,000 and a maximum loan amount of $500,000, a loan-to-value (LTV) ratio of 80% or less, and an open Telhio checking account. Fees and Closing Costs. No closing costs apply for loans up to $250,000. Additional fees may apply. There is no prepayment penalty; however, an early termination fee applies to open-end home equity lines of credit that are closed within the first 24 months after the loan was established. Refer to your loan documents for complete details and fee amounts. An $85 annual fee will apply beginning on the first anniversary date. Insurance Requirements. Property insurance is required, flood insurance may be required where applicable. Tax Considerations. Consult your tax advisor regarding deductibility of interest. Additional Terms. Contact Telhio Credit Union for additional terms and conditions. Telhio reserves the right to amend or suspend this program at any time.
Loan Options
Fixed Home Equity Loan*
Like the security of knowing what your payments will be each month? A fixed home equity loan may be for you.
Home Equity Line of Credit**
Looking for low monthly payments on what you borrow? Try a home equity line of credit (HELOC). With a HELOC, you make payments based only on what you borrow from your credit line.
Home Improvement Loan***
1st or 2nd Lien Position
Looking to make repairs or take on a home improvement project? A home improvement loan can help you turn your house into the home of your dreams.
Unsecured Home Improvement Loan****
No Equity Required
No equity? No problem! We offer home improvement loans with no equity required to ensure that you can get the financing you need for property improvements.
Product
Term
Loan
Rate as low as
APR as low as
Product
Fixed Home Equity Loan*
Term
Up to 240 Months
Loan
$5,000.00 to $200,000.00
Rate as low as
7.250%
APR as low as
7.476%
Product
Home Equity Line of Credit**
Term
120 Month Draw Period
Loan
$7,500.00 to $200,000.00
Rate as low as
6.750%
APR as low as
6.750%
Product
Home Improvement Loan***
Term
Up to 240 Months
Loan
$5,000.00 to $250,000.00
Rate as low as
9.65%
APR as low as
9.910%
Product
Unsecured Home Improvement Loan****
Term
Up to 84 Months
Loan
$5,000.00 to $25,000.00
Rate as low as
8.99%
APR as low as
10.033%
Rates effective on August 4th, 2026
* Actual rates may vary based upon one or more of the following: credit rating, value of collateral, LTV and term. The final APR will be based on the final loan amount and applicable finance charges. Stated APR based on a qualifying fixed home equity loan of $50,000 for 120 months with 80% LTV at a 7.250% rate. Payments per month are $592.88.
** Home Equity Lines of Credit (HELOCs) are variable rate products. Actual rates may vary based upon one or more of the following: credit rating, value of collateral, and term. Rate will vary based upon the Prime Rate as published in the Wall Street Journal. Maximum APR of 18%. Floor rate of 5%. $300 reimbursement fee applies if HELOC is canceled within the first 24 months. Additional fees may apply. Telhio reserves the right to amend or suspend this program at any time. Maximum LTV 100%.
*** Actual rates may vary based upon one or more of the following: credit rating, value of collateral, LTV and term. The final APR will be based on the final loan amount and applicable finance charges. For example, stated APR based on a $50,000 for 120 months with a rate of 9.65% and APR of 9.910% has a payment per month of $658.26. Max LTV and other underwriting criteria does apply. All funds must be used towards verifiable home improvement project.
**** Actual rates may vary based upon one or more of the following: credit rating, value of collateral, LTV and term. The final APR will be based on the final loan amount and $150 document prep fee. Stated APR based on a $7,500 for 48 months with a rate of 8.99% and APR of 10.033% has a payment per month of $190.33. Other underwriting criteria does apply. All funds must be used towards verifiable home improvement project.
The annual percentage rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. APR may vary. Certain restrictions and credit evaluation will apply for all loans. Rates and product offerings are subject to change without notice. Actual rates may vary based upon one or more of the following: credit rating, value of collateral, and term. All rates and terms subject to credit approval. NMLS#251831
Rate quoted as of 2/1/16. The Annual Percentage Rate (APR) is the cost of credit over the term of the loan expressed as an annual rate. Offer and rates are subject to change or terminate without notice. NMLS#251831. Click here for example.
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