Go to main content Great Falls Federal Credit Union Online Banking
Home > Locations > Credit Union in Auburn, ME > Loans > Home Equity Line of Credit

Unlock the Power of Your Auburn Home’s Equity

At Great Falls FCU, we believe in empowering our members to achieve their financial goals. Our Home Equity Line of Credit (HELOC) offers a flexible and affordable way to tap into your home’s equity, providing you with the funds you need for major expenses, home improvements, debt consolidation, and more.

Get Started, Apply Online

How Can You Use a HELOC?

A HELOC is a versatile financial tool that can be used for a variety of purposes. Here are some common uses:

  • Home Improvements: Finance renovations, repairs, or upgrades to increase the value and comfort of your home.
  • Debt Consolidation: Simplify your finances by consolidating high-interest debts into a single, lower-interest HELOC.
  • Emergency Expenses: Cover unexpected expenses such as medical bills, car repairs, or urgent travel.
  • Education Costs: Fund tuition, books, and other education-related expenses for you or your family members.
  • Major Purchases: Make significant purchases like appliances, furniture, or electronics without straining your budget.

Home Improvement

What is a HELOC?

A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by the equity in your home. It works much like a credit card, giving you access to a set amount of money that you can draw from as needed over a specified draw period. You only pay interest on the amount you use, making it a cost-effective option for managing your finances.

 

Why Choose a HELOC from Great Falls FCU?

Member-First Approach

Our commitment to putting members first sets us apart. We prioritize your financial well-being and offer personalized solutions tailored to your unique circumstances.

  • Personalized Service: Our loan specialists take the time to understand your needs and provide customized HELOC options.
  • Transparent Process: We believe in clear communication and transparency throughout the HELOC process, so you always know what to expect.
  • Ongoing Support: From application to repayment, we’re here to support you every step of the way.

Competitive Rates, No Hidden Fees

We offer some of the most competitive rates on HELOCs with no hidden fees.

  • Low Interest Rates: Enjoy lower rates compared to many other lenders, helping you save money over the life of your HELOC.
  • No Hidden Fees: We keep our fees transparent and straightforward, so you can make informed decisions without surprises.

Quick and Easy Application Process

We know that when you need a HELOC, time is often of the essence. That’s why we’ve streamlined our application process to make it as quick and easy as possible.

  • Online Application: Apply for a HELOC from the comfort of your home with our secure online application.
  • Fast Approval: Receive a quick decision on your HELOC application.
  • Convenient Access: Once approved, access your funds quickly and easily so you can address your financial needs without delay.

How to Apply for a HELOC

Applying for a HELOC at Great Falls FCU is simple and straightforward. Here’s how you can get started:

  • Check Your Eligibility
    Ensure you meet our eligibility requirements for a HELOC. Our loan specialists can help you understand the criteria and guide you through the process.
  • Gather Your Documents
    Prepare the necessary documents, such as proof of income, identification, and information about your home’s equity.
  • Apply Online
    Complete our secure online application form with your personal and financial details. Our user-friendly platform makes it easy to submit your application in just a few minutes. 
  • Get Approved
    Once your application is reviewed, we’ll contact you with the approval decision. Our goal is to provide a quick and seamless approval process.
  • Access Your Funds
    After approval, we’ll set up your HELOC and provide you with access to your funds, allowing you to draw from your line of credit as needed.

Get Started, Apply Online

Become a member

Become a Member

At Great Falls FCU, we believe in putting our members first. As a not-for-profit financial institution, our primary goal is to serve you and help you achieve your financial dreams. Joining our credit union means becoming part of a community that values your financial well-being, offers personalized service, and provides access to a wide range of financial products and services tailored to your needs.

Become a Member