Flexible access to your home’s equity
A Home Equity Line of Credit (HELOC) allows you to borrow against the equity in your home as you need it, rather than taking a lump sum upfront. During the draw period, you can access funds, repay them, and borrow again, up to your approved limit.
You’re only charged interest on the amount you’ve used, which can make this option helpful for projects or expenses that don’t have a fixed cost.
- Variable rate adjusts quarterly based off Wall Street Journal Prime rate
- 5 year draw period
- 10 year repayment period: payment can adjust quarterly dependent on rate adjustment, outstanding balance, and maturity date
- Borrow against up to 80% of your home's value (minus any existing mortgage loan balance)
- No prepayment penalty
- No closing costs for loans of less than $250,000²
- Interest may be tax-deductible.3
- The property used for collateral must be a single-family, owner-occupied homestead property.
Effective October 15th, 2025
Home Equity Line of Credit1
| Loan Type |
5 Year Draw | 10 Year Repayment
as low as
|
|---|---|
| Home Equity Line of Credit | 6.25% |
Upon submission of your online inquiry a member of our HELOC team will contact you to let you know of any additional supporting documentation needed and will send you additional required disclosures needed to complete your inquiry submission. Upon completion of your application submission a Loan Estimate will be sent to you indicating the terms you qualify for within 3 business days.
If you need more information, talk to one of our HELOC specialists by calling 512-302-5555, ext. 7194, or email homeequity@atfcu.org
Resource Links for HELOCs
- HELOC Application Package and FAQs
- HELOC Loan Checklist
- FAQs for On-Time Closing
- HUD's Settlement Cost Booklet
Questions or Comments about your HELOC?
If you have questions or concerns about your existing home equity or home improvement loan, or if you believe there may have been a transaction error made on your home equity or home improvement loan account, please fill out, sign, and return a HELOC Loan Error/Information Request Form.
Payoff Request for your HELOC?
If you would like to request a payoff statement for your HELOC, please fill out, sign and return a Payoff Request Form.
¹Annual Percentage Rate. All rates are expressed "as low as". Rates subject to change without notice.
²Austin Telco pays all standard closing costs for new Home Equity/HELOC loans below $250,000. These costs include: title search, flood determination, credit report, and county filing fees. Refinances of existing Austin Telco Home Equity/HELOC loans are subject to a $300 refinance fee. If necessary, additional fees for member requested appraisal, survey, and/or title company closing costs will be the responsibility of the borrower. Estimated costs will be disclosed within three business days of receipt of a completed application. Loans of $250,000 and above may require an appraisal, title policy, and title company closing costs at the member’s expense. Hazard insurance is required. All loans are subject to standard credit approval.
³Consult with the IRS or a tax professional concerning tax deductible in your specific situation.
