Home Equity Line of Credit. Woman painting a door frame in house.

A HELOC is an open-end revolving line of credit secured by the equity in your home. If you're planning a home improvement project or want to consolidate bills, this is the perfect loan to help you get the extra funds you need.

Features and Benefits
  • 35-year term (20-year draw period with a final 15-year repayment period)
  • Minimum loan amount $10,000; maximum loan amount $500,000
  • Variable rate based on Wall Street Journal prime + a margin
  • Interest paid may be tax-deductible1
  • CFE will pay up to $1,000 in closing costs2. The appraisal fee will be collected at the time of application. If the loan does not close, the borrower will be responsible for the cost of the appraisal
  • Only primary residence or second homes, no condos or investment properties


Type Interest Rate As Low As APR*
First-Lien HELOC ** 5.500% 5.500%
Second-Lien HELOC*** 5.500% 5.500%

What To expect 

You can apply for a HELOC in person at any CFE branch, by calling our Contact Center, or online. To obtain a HELOC with CFE, you will need to be a CFE member in good standing.


Learn more about buying house with CFE.

Buying a House

1Consult your tax advisor for details.

2Borrower agrees to keep loan with CFE for 36 months or borrower will repay closing costs paid by CFE.


Know someone who can benefit from a HELOC? Share this info with them.