Home Equity Line of Credit (HELOC)

Unlock Your Home’s Potential with a Special HELOC Rate

Planning home improvements, consolidating debt, or preparing for unexpected expenses? Take advantage of our limited-time 4.99% APR* introductory HELOC offer.

4.99% APR* fixed through May 31, 2027
$5,000 minimum draw required
Available June–August 2026

Access the equity in your home with the flexibility you need and the confidence of a fixed promotional rate.

💡 What Is Home Equity?

Home equity is simply the part of your home that you own. It’s calculated by subtracting what you owe on your mortgage from your home’s current value.

Over time, your equity grows as:

You pay down your mortgage
Your home’s value increases
You make improvements that add value

This growing equity becomes an asset — and one that can help support your financial goals.

🔍 How a HELOC Works

A HELOC lets you borrow against your available home equity, giving you a flexible line of credit you can draw from whenever you need it. Many homeowners use a HELOC to:

Renovate or upgrade their home
Consolidate high‑interest debt
Cover tuition or education costs
Manage unexpected expenses
Plan for major life events

You choose when to borrow, how much to borrow, and — with our Rate Lock Option — how you want to manage your interest rate.

🧠 Thinking About Using Your Home’s Equity? Start Here.

🧠 Thinking About Using Your Home’s Equity? Start Here.

✔️ 1. Calculate your equity

Subtract your outstanding mortgage balance from your home’s current market value.
You can get an estimate using our Mortgage Equity Calculator

✔️ 2. Explore your options

Our Home Equity Line of Credit includes a unique Rate Lock Option — so you can borrow against your line and lock in a fixed rate for up to 10 years.

✔️ 3. Look at alternatives

Not sure if a HELOC is right for you?
Our team can walk you through personal loans, debt‑consolidation strategies, and other options to help you make the best decision for your situation.

📊 HELOC vs. Other Loan Options

Find the borrowing solution that fits your life.

Feature	HELOC (Home Equity Line of Credit)	Home Equity Loan	Personal Loan (Signature Loan)	Credit Card
Best For	Ongoing or unpredictable expenses (home projects, emergencies, tuition, etc.)	One-time large expenses with fixed payoff	Debt consolidation, emergencies, or expenses under ~$30k	Everyday purchases or short-term borrowing
How It Works	Revolving line of credit you can borrow from as needed	One lump-sum loan with fixed payments	Lump-sum loan, unsecured	Revolving credit with variable or fixed interest
Rate Type	Variable + Fixed Rate Lock Options (lock up to 3 times)	Fixed	Fixed	Often variable; can be high
Access to Funds	Borrow as needed; reuse available credit	One-time disbursement	One-time disbursement	Continuous revolving access
Collateral Required?	Yes — your home	Yes — your home	No	No
Typical Loan Amounts	Depends on your available home equity	Depends on equity	Up to $30,000+ (varies)	Varies by credit limit
Terms	Draw period + repayment period	Fixed terms (5–20 years)	Flexible terms (often 12–60+ months)	No set term
Payments	Vary based on how much you borrow; interest-only during draw period	Fixed monthly payment	Fixed monthly payment	Minimum monthly payments that can extend debt
Rates Compared to Other Options	💜 Lowest (home-secured)	Low	Medium	Highest
Good Credit Required?	Helps, but equity matters most	Helps, but equity matters most	Yes	Yes
Best Uses	Home improvements, education, large expenses over time, emergency cushion	Home renovations, major purchases, debt consolidation	Consolidating debt, covering costs without collateral	Everyday spending, short-term needs
Risk Level	Moderate (home is collateral)	Moderate (home is collateral)	Low

With a Century Federal HELOC:

Borrow and lock in a great rate on your credit line up to 3 times during the draw period
Fixed Rate Lock Options for terms up to 10 years/120 months
Easily transfer funds from your HELOC to your Century Federal Checking or Savings accounts through our Online Banking system or by visiting any Century Federal financial center.

Contact the Home Team

Calculate Your Loan Payments

Apply Now

*APR = Annual Percentage Rate. All rates are subject to creditworthiness and may change at any time without notice. The 4.99% APR fixed-rate Home Equity Line of Credit (HELOC) promotional offer is available on qualifying draws of $5,000 or more made between June 9, 2026, and August 31, 2026, for HELOCs in good standing during the promotional draw period. The promotional fixed APR applies for the first 12 months from the date of the qualifying draw. The promotional fixed APR expires on 05/31/2027. This promotional rate may not be used in conjunction with HELOCs that have an active Fixed Rate Lock Segment; any draw that is converted to an active Fixed Rate Lock Segment will no longer be eligible for the promotional rate. After the fixed-rate period ends, the interest rate will convert to a variable rate based on the Prime Rate, plus or minus a margin determined by creditworthiness and loan terms in effect at the time of conversion. As of April 2026, the Prime Rate is 6.75%, but it may change, and the variable rate and monthly payment may increase or decrease accordingly. This offer is subject to credit approval, membership eligibility, and program availability. Draws of less than $5,000 do not qualify for the promotional rate and will be subject to standard HELOC pricing. Rates, terms, and conditions are subject to change without notice. Rate reverts to variable Prime‑based pricing in June 2027. Additional fees, closing costs, or other charges may apply depending on the terms of your HELOC agreement. Property insurance is required, and flood insurance may be required where applicable. Consult your tax advisor regarding the deductibility of interest. This offer may not be combined with other promotions and may be withdrawn at any time.