"Very knowledgeable, caring and responsive to all questions and concerns."
- Joy
An adjustable rate line of credit that allows you to borrow against the equity in your home
Rates as low as 8.00% APR*
Monthly Payment
Why get a Home Equity Line of Credit from HFS?
A Home Equity Line of Credit (HELOC) enables you to access money from the equity of your home when you need it. Consolidate high-interest debt, make improvements to your home, pay for college, or access cash in case of an emergency. With us you get one of the best Home Equity programs around.
Low introductory rate for the first 12 months1
Borrow up to 100% of the value, less the 1st Mortgage balance
Credit Union pays up to $2,000 in closing costs on approved lines2
Five (5) year draw period, payments amortized over 20 years
Maximum credit line of up to $500,0003
I have been a proud HFS member for over 20 years and it never surprises me to be treated so well. Super blessed with such a courteous and respectful team.
Additional info
Helpful links
Questions?
Drop us a message anytime with your questions or schedule an appointment with a loan officer.
-
1The HFS Home Equity Line of Credit introductory Annual Percentage Rate (APR) of 0.99% is good for twelve (12) months. After the 12 month introductory period, the APR will be based upon the Prime rate (index) as published in the Wall Street Journal plus a margin of .50% for loans up to 80% loan to value (LTV) or the Prime rate plus a margin of 1.50% for loans up to 100% LTV. The non-introductory fully indexed variable rate is 8.00% for loans up to 80% LTV with a maximum credit line of $500,000 and 9.00% for loans up to 100% LTV with a maximum credit line of $100,000 as of 1/01/2025. The APR may be adjusted quarterly on the first day of January, April, July, and October with a maximum rate of 18%. The index value is determined as of 10 days before the date of any annual percentage rate adjustment. The current index value is 7.50% as of 1/01/2025.
2HFS FCU will pay up to $2,000 in closing costs on approved lines; however, if the Equity Line is closed within 36 months of the plan opening, the borrower will be responsible for reimbursing the Credit Union for all fees. Estimated closing costs will be between $0 and up to $2,000. The total term of the loan under the plan shall not exceed 20 years (including a 5-year draw period and a maximum 15-year repayment period) from the opening date. During the draw period, each time a loan advance is taken, an amortization period of 240 months will be used to calculate the payment. The property that is used to secure your HFS Home Equity Line of Credit must have valid homeowners insurance, including hurricane coverage, and be your primary residence located in the State of Hawai’i. Flood insurance is also required for properties located in a flood hazard zone. An initial deposit of $800 is required to defray initial expenses. This deposit will be refunded or applied to any closing costs in excess of $2,000 if the line is approved. This offer is available for a limited time only and is subject to change without notice. There are no annual fees.
3Maximum credit line of $500,000 for loans up to 80% LTV. Maximum credit line of $100,000 for loans greater than 80% LTV up to 100% LTV. Minimum credit line of $5,000.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawai’i. A minimum opening balance of $50.00 is required to open a Savings Account.Subject to credit approval.
Rates
| Rate Type | Index Rate | Margin Added to Index | APR |
|---|---|---|---|
|
Initial Discounted Rate(1) |
|
N/A |
|
|
Current Rate for loans up to 80% Loan to Value (2) |
|
.50% |
|
|
Current Rate for loans up to 100% Loan to Value (2) |
|
1.50% |
|
Rates current as of: April 21, 2025
Disclosures
(1) The HFS Home Equity Line of Credit introductory Annual Percentage Rate (APR) of 0.99% is good for twelve (12) months. After the 12 month introductory period, the APR will be based upon the Prime rate (index) as published in the Wall Street Journal plus a margin of .50% for loans up to 80% loan to value (LTV) or the Prime rate plus a margin of 1.50% for loans up to 100% LTV. The non-introductory fully indexed variable rate is 8.00% for loans up to 80% LTV with a maximum credit line of $500,000 and 9.00% for loans up to 100% LTV with a maximum credit line of $100,000 as of 1/01/2025. The APR may be adjusted quarterly on the first day of January, April, July and October with a maximum rate of 18%. The index value is determined as of 10 days before the date of any annual percentage rate adjustment. The current index value is 7.50% as of 1/01/2025.
(2) The current rate that would have applied without the initial discounted rate. Minimum credit line of $5,000.
Subject to credit approval. Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawai’i. A minimum opening balance of $50.00 is required to open a Savings Account.
Access your equity
Open Account
Leaving Our Website
You are leaving the HFS Federal Credit Union website. HFS Federal Credit Union provides links to external sites for the convenience of its members. By clicking “Continue” you will be directed to an external website owned and operated by a third party. These external websites are not controlled by HFS Federal Credit Union and HFS Federal Credit Union makes no representation or warranty, express or implied, to the user concerning the information, content, presentation, accuracy or opinion of these sites or the quality, safety, or suitability of any software found on these sites. The privacy policies of HFS Federal Credit Union do not apply to external sites and users should consult the privacy policies on these sites for further information. Thank you for visiting the HFS Federal Credit Union website