Home Equity Line of Credit

Home Equity Line of Credit


You've searched high and low for a pile of cash (to no avail), but have you thought about tapping into your own home? Use your home's equity as collateral for a loan and get the cash you need to fund that big expense.  

Thinking about a major home remodel, going back to school or taking a dream vacation? Maybe you need help paying off your credit cards or medical bills. Use the value in your current house for whatever you'd like! With an Inspire Home Equity Line of Credit, you can borrow up to 100% of your home's value (LTV)* with rates as low as 1.59% APR!**

The best part? For a limited time, you can get up to 1% cash back!1



  • Interest only payment options available 
  • Borrow at a lower rate than other types of loans
  • Write checks directly from your Home Equity Line of Credit for convenience
  • Transfer funds to your Inspire FCU checking via online banking for immediate access
  • Access your money as needed – no need to reapply when needs arises
  • Interest you pay could be tax deductible2 unlike other types of loans
  • 25 year term – 10 year ‘draw’ followed by 15 year repayment

Protecting Your Home

Your home is your single largest investment. It's important you protect it and yourself. Home Insurance is available through Inspire Insurance Agency!



*LTV = Loan to Value. Loan may not exceed 100% LTV based on appraised value of residence. Inspire FCU is not responsible for any subordination fees charged by other lenders when refinancing. All applications subject to approval. The product is a variable rate home equity line of credit and is secured by your primary residence. **APR = Annual Percentage Rate. 1.59% Introductory APR is fixed for the first 6 months of the loan. Once the introductory rate expires, the APR may vary, but will not drop below 3% APR or exceed 15% APR. Up to 80% LTV, rate is as Low as Prime - .51%. 80.01% to 100% LTV, rate is as low as Prime + 1.25%. The maximum APR is 15% or the maximum permitted by law, whichever is less. Your normal APR is based on an index, Prime Rate plus or minus a margin determined at account opening. Prime rate effective 08/01/17 is 4.25%. To receive the introductory rate, initial advance must be $5,000 or greater with a max LTV of 80%. An early closure fee may apply - see Credit Union fee schedule for details. Property insurance is required for real estate secured loans.1Cash back incentive will be paid on initial advance taken at closing. Advances must be used to pay off existing debt from a financial institution other than Inspire Federal Credit Union. Current loans at Inspire FCU are not eligible. Cash back incentive will be paid in 90 days or two billing cycles with on-time payments. Funds will be deposited directly into membership share account. Loan decisions and rates are based on applicant credit worthiness. The Credit Union reserves the right to terminate promotion at any time without notice. 2Consult your tax advisor.