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Home Equity Line of Credit (HELOC)

"Excellent staff and support, really exceptional customer service."

- Cheryl



An adjustable rate line of credit that allows you to borrow against the equity in your home

Rates as low as 8.50% 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 appraised 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 $300,0003

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.

— Marcie

Frequently Asked Questions

  • After applying online, you may visit your nearest HFS office and request a Home Equity Loan packet or download the documents here. The packet contains the information and documents you’ll need to get started. If you have further questions, please call the Credit Union at (808) 930-1400 or set up an appointment with a Loan Officer.


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 9.00% for loans up to 80% LTV with a maximum credit line of $300,000 and 10.00% for loans up to 100% LTV with a maximum credit line of $100,000 as of 10/01/2023. 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 8.50% as of 10/01/2023.

    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 $300,000 for loans up 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.