Home Equity Line of Credit

Tap into your home's equity.

Fund home improvements, consolidate debt, or pay for unplanned expenses with a HELOC.

Home Equity Line of Credit (HELOC)

Similar to a credit card, with a HELOC, you have access to a line of credit that is there when you need it.

  • Borrow up to 90% of the value of your home2skip to disclosure with loans from $10,000 - $1,000,000
  • Borrow as often as you wish during a 10-year draw period
  • Take up to 20 years to repay your loan with no prepayment penalties
  • Your rate will never increase more than 6% over your initial rate and can only change once a year
  • We lend on primary and secondary homes in Illinois

Today's HELOC Rate

as low as


APR1skip to disclosure

loan-to-value up to 80%
Man using cell phone

Calculate your HELOC payments.

Use this home equity line of credit calculator to estimate your rate and monthly payments.


Fee transparency.

We don't charge application or closing fees. Plus, pay no HELOC annual fees for life when you refinance your first mortgage with us from another lender.*skip to disclosure

Application Fee$0
Prepayment Penalties$0
Closing Fee$0
Annual Fee3skip to disclosureWaived first year. Then, $50/year
Recoupment FeeOnly if closed in first 2 years. Varies

Consolidating debt? Compare your options.

 Personal LoanHELOC
Type of loanUnsecuredPersonal loans are unsecured, meaning you don't have to offer something you own as collateral in the unlikely event you cannot pay the loan back.SecuredA HELOC is secured by your home, meaning you offer the home as collateral in the unlikely event you cannot pay the loan back.
Loan-to-ValueN/AUp to 90% LTVLTV=Loan-to-value and is a ratio of how much you owe on your mortgage loan balance + how much you want to take out for your HELOC divided by the value of your home. For example, say you have a loan balance of $100,000 and want a $20,000 HELOC. Your home's value is $200,000. $120,000 / $200,000 means your LTV would be 60%.
Loan Term2-5 Years10 Years
Interest RateAs low as 5.99% APRAs low as 4.750% APR
Application Fee$0$0
Annual Fee$0Waived first year. Then, $50/year
Prepayment Penalty$0$0

Get help with HELOCs.

You are able to draw from your HELOC for the first ten years as many times as you would like on a revolving basis. The minimum advance (after your first advance) is $500.

To draw from your HELOC, you can:

  • Log into Online Banking or the Mobile Banking App, select the Transfers tab, and transfer money directly to a DuPage Credit Union checking or savings account
  • Use our Automated Phone Banking service
  • Write a HELOC check directly to the person or business of your choosing

To order more HELOC checks, simply email us with your name and phone number or call us at 800-323-2611. We will contact you the next business day to place your order.

You can use your Home Equity Line of Credit for a variety of purposes including home repairs, debt consolidation, or paying for major expenses.

Apply online or give us a call.

  • Homeowners insurance required.

  • Single-Family dwellings only in Illinois.

  • We lend in all of Illinois on primary and secondary residences.

  • Consult a tax advisor regarding deductibility of interest.

  • Must have a Credit Union membership established and be in good standing.

  • Other restrictions may apply.

  • Effective for new mortgages opened after 8/1/2020, members that open a Home Equity LOC with a new first mortgage will qualify for the annual fee to be waived each year as long as first mortgage remains open with DuPage Credit Union. Must be a member in good standing. Offer subject to change at anytime. Other restrictions may apply. Only available on mortgages serviced by DuPage Credit Union

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  • Home Equity Line of Credit APR = Annual Percentage Rate. Prime rate as published in the Wall Street Journal 10 days prior to the change date. Rate is subject to change annually. 4.750% APR for a fixed rate with a term of 20 years with monthly principal and interest payments of $323.22. Payment examples based on a loan amount of $50,000 and a loan-to-value of 80%. Payment examples do not include homeowner insurance, property taxes, private mortgage insurance, or homeowner association dues. Actual payment may vary based on amount, term, APR, taxes and insurance, and other factors. Homeowner insurance required.

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  • Qualified Members can borrow up to 90% of the appraised market value of their home (up to 80% for first lien loans, condos and second homes), Loan to Value, less the first mortgage owed.

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  • Annual Fee: $50 annually, waived the first year.

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