Home Equity Line of Credit
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Home Equity Line of Credit (HELOC)

Like flexibility? Check out our HELOC with Fixed Rate Lock Options

Are you planning to make renovations to your home? Do you want to consolidate debt? Are you dreaming about a vacation?

A Home Equity Line of Credit (HELOC) is a line of credit extended to the member secured by your home’s equity, which is the market value of your home less any mortgage or loans owed on the property. A HELOC allows you the convenience of borrowing again and again as you need funds without reapplying, and you only make payments on the amount you use.

Century Federal’s HELOC also offers you the option to lock in a great low rate for up to 10 years.

With a Century Federal HELOC you get:

  • Rates as low as prime minus .50%
  • Borrow and lock in a great low 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 branch. Plus, we also issue checkbooks to write a check against your HELOC for an amount of $500 or above.

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