Home Equity Loans
Tap into the equity you’ve built in your home with a Home Equity Line of Credit (HELOC) from Energy One Federal Credit Union. Whether you’re planning a home remodel, consolidating debt, restoring a classic car, or covering a major life expense, a HELOC gives you flexible access to funds based on your needs.
Benefits of an Energy One HELOC
Smart borrowing options that adapt to your needs—not the other way around.
Competitive variable rates, often lower than credit cards or personal loans
5-year draw period followed by a 10-year repayment term
Pay interest only on the amount you use
Potential tax benefits (consult your tax advisor)
Access funds through online banking in most states
Flexible borrowing for major expenses and life events
HELOC Features
- Variable-rate home equity line of credit
- Online access to available funds (in most states)
- Structured draw and repayment periods
Competitive Variable Rates
Access competitive variable rates that are often lower than credit cards or personal loans.
Interest Only on What You Use
Pay interest only on the portion of your credit line you use, not the full amount available.
Flexible Access to Funds
Use your available home equity when you need it, with online banking access in most states.
5-Year Draw Period
Draw funds as needed during the first five years of your HELOC term.
10-Year Repayment Term
Repay your balance over a structured ten-year repayment period after the draw phase.
Flexible Uses for Major Expenses
Use your home equity for renovations, debt consolidation, major purchases, or life events.
Calculate
Compare
| Revolving Access to Funds | Lower Than Credit Cards | Online Access | Flexible Use of Funds | Long-Term Structure |
Energy One Credit Union | | | | | |
Traditional Home Equity Loan | | | | | |
Personal Loan | | | | | |
Credit Card | | | | | |
Online Lender | | | | | |
FAQs
Interest may be tax-deductible in some situations. Consult a qualified tax advisor.
Energy One HELOCs feature a 5-year draw period followed by a 10-year repayment period.
During the draw period, you typically pay interest only on the amount you use. Repayment begins after the draw period ends.
Get Started
Put your home’s equity to work with a flexible HELOC from Energy One Federal Credit Union.
Become a member today.
Get started by opening a free checking account online today.
