Unlock The Equity In Your Home

In these uncertain times, you might be looking for ways to pay certain bills or meet certain obligations. Home ownership has benefits. One of those benefits is the ability to use the equity you've built in your home for other financial needs. While not for everyone, a Home Equity Line Of Credit (HELOC) can provide low-interest funding for scheduled improvements or to help cover expenses. And for a limited time, we are offering a special introductory offer to help you during this difficult season.

When you open a HELOC, you can borrow up to 70% of the appraised value of your home (less the remaining principal owed). A HELOC with ACCU offers you the flexibility to draw funds as you see fit, because you can re-access your line of credit without re-applying during your draw period. Use the funds to cover the cost of college tuition, debt consolidation, large appliance replacement or installation, unexpected expenses, and more! And only pay interest on what you use, even if you are approved for more. 

Current Offer Details: 
  • Variable rate as low as 3.25% APR 1
  • 0.25% discount with automatic payments 1
  • Borrow amount up to 70% appraised value (less the remaining principal owed)


Get Started!

What Is A Home Equity Line Of Credit (HELOC)?

A home equity line of credit, also known as a HELOC, is a line of credit secured by your home that gives you a line of credit to use for large expenses, renovations, or to consolidate debt. A HELOC often has a lower interest rate than some other common types of loans, and the interest may be tax deductible 2. Refer to FAQ below for more information on HELOCs. 

How Does A HELOC Work?

With a HELOC, you’re borrowing against the available equity in your home and the house is used as collateral for the line of credit. During the draw period, you can borrow as little or as much as you need up to the credit limit you establish at closing. As you repay your outstanding balance, the amount of available credit is replenished – similar to a credit card. At the end of the draw period, the repayment period begins. Refer to FAQ below for more information on HELOCs. 

HELOC Benefits:
  • Re-access line of credit without re-applying during draw period
  • Low-closing costs 2
  • Only pay interest on what is used
  • Interest may be tax deductible 3
  • Convenient access to funds
Ideal for:
  • Unexpected expenses

  • Debt consolidation

  • College tuition

  • And more!



Home equity is the difference between how much you owe on your mortgage and how much your home is worth.

To calculate your home’s equity, subtract your current loan principal from the home’s market value. While this can give you a rough estimate of your home's equity, the true equity will be calculated after an appraisal is preformed.

If you don’t have a recent appraisal, you can estimate your home’s market value by researching recent sale prices of similar homes in your neighborhood. A local real estate agent can assist you with this process. You can also get a general idea of your home’s value by reviewing your tax statements for the assessed value of your home. A current home valuation, including clear pictures of the outside of your home, is required to determine how much equity you can borrow. When you apply for an equity loan/line of credit, your Processor will determine the type of home valuation or appraisal needed based on the details of your loan and can schedule it for you.

It typically takes 30-45 days to close on a new home equity line of credit once we receive your application. If an appraisal or additional documentation is needed, processing times may vary based on state and availability. 4

If the property used to secure your equity loan or line of credit is your primary residence, there’s a three-business-day waiting period after closing (you can change your mind and cancel your loan during this time). Your funds or line of credit will be available after the three-day period ends. The three-day waiting period doesn’t apply for investment properties and second homes.

A Home Equity Line of Credit (HELOC) has 2 different periods, a draw period and amortization period. The draw period if 10 years and the amortization period is 20 years, for a total loan of 30 years.

If you’re applying for a new home equity line of credit, you can receive a 0.25% interest rate discount 1 when you sign up for automatic payments from your America's Christian Credit Union checking account. 

This home equity line of credit (HELOC) is a variable rate plan as described in the applicable loan documents. 

The APR on a HELOC can change monthly. It’s a variable rate that may increase or decrease based on changes in the prime rate. The prime rate is updated according to the published rate in the Wall Street Journal. 

The interest paid on a home equity line of credit may be tax deductible. Consult with your tax advisor for more information. 3

Our HELOC loan Process

Six Simple Steps

At ACCU we know how important it is to have a straight forward and easy HELOC application process. Our HELOC loans take about four to six weeks (most of the time less) to complete4. Below is a breakdown of our HELOC application journey and what you can expect along the way. Of course, we will be there at your side each step of the way. 

Using the form at the top of this page, tell us a little about yourself, how much you are looking to borrow, and some contact information so we can get in touch with you. Then you are sent an email with a personal & secure link to our official application for credit. You are also provided an inquiry ID # so we can find you quickly in case something doesn't go as expected.

You completed our official credit application providing the details we need to generate an initial credit decision. During this step we confirmed receipt of your application providing an Application ID #. Your Loan Officer reviews your application, credit history, requested amount, and projected equity to derive a preliminary credit decision (should your Loan Officer need additional information at this step they will be in touch directly). Once a credit decision has been made, your will be in contacted to discuss options available to you and provide you with initial disclosures.

Your Loan Officer has reviewed your application, and a preliminary credit decision of "yes" has been made. You will be in contacted to discuss options available to you and provided with initial disclosures.

Once a preliminary credit decision has been extended, and initial disclosures have been signed, your HELOC Processor will order a title and appraisal report. This is typically the longest part of this process and subject to vendor availability and/or the homes' local authorities jurisdiction. At this time, you will be provided an estimated appraisal & title completion date.

After the title & appraisal reports have been furnished and deemed "clear," the HELOC application undergoes one last review by the Loan Officer as well as an internal quality review before extending a final credit decision. At this point, if not already selected, final loan terms are chosen and notated for loan docs that need to be signed & notarized.

In this step, loan docs are prepared and a notary is being arranged to witness the signing of the loan documents. As per regulations, these loan docs must be physically signed and notarized. Once signed, there is a three business day waiting period before the loan funds are dispersed in case the loan is requested to be rescinded by you. On the fourth business day your loan is funded into your account.

Banking with a Purpose


Banking with a Purpose

America's Christian Credit Union provides financial solutions to Christian individuals that empower them to reach their goals. Unlike banks, our members are our shareholders. Our mission is to serve the whole church which means we not only offer personal financial services, but we also provide business banking services to churches, ministries, Christian schools and universities, and Christian business owners across the United States. Our members' funds are then reinvested to expand churches, ministries, and families.

Stronger Together

“Stronger Together” means we exist to help our community and beyond. Here’s how it works: ACCU provides financial solutions to Christian individuals that empower them to reach their financial goals. Our members’ funds are then reinvested to expand churches, ministries, and families. Choose America’s Christian Credit Union and discover banking with a financial partner who understands your faith and moves you forward.

The ACCU Difference

We're not just a bank, and simply not a credit union. We are a co-operative of believers pooling resources together to support the greater body of Christ. As a financial partner for cultural impact, we walk alongside you to equip you financially with advice and prayer, no matter what stage you are in.



has been given back to ministries through the ACCU Visa® GiveBack program.



people assisted through donations, drives and initiatives per year



invested in domestic and international adoption financing 



invested in church and ministry financing





1. APR = Annual Percentage Rate. This HELOC (Home Equity Line of Credit) is a variable rate plan as described in the applicable loan documents.  Not all applicants will qualify. APR may vary based on the index rate plus a margin. Index rate is based on the Prime Rate as published in the Wall Street Journal. The current index is 3.25%. APR will not exceed 18.00%. Advertised “as low as” APR assumes excellent credit history, loan-to-value, and maximum rate discount of 0.25% for ACH/automatic payment. Qualification and APR dependent on credit history, debt to income, loan-to-value, ability to repay, homeownership, and other factors. Maximum loan-to-value ratio is 70% for owner-occupied and 60% for non-owner occupied, based on appraisal value. Available to owner and non-owner occupied, single-family dwellings. Minimum advance is $5,000. $100 modification fee for existing loans to re-amortize and extend term to 20-year amortization. Dependent on state regulations: Prepayment Closure Fee: $400 if the loan balance is paid in full within the first 6 months, and $400 if the loan is closed and re-conveyed in full during the first 36 months. Property insurance is required. Rates, terms, and conditions are subject to change or discontinue at any time, without notice. For a $50,000 Home Equity Line of Credit, Quarterly Adjustable, with 70% Loan to Value at 4.75% APR, the monthly payment will be approximately $262. There is a discount of 0.25% applies to automatic payments through an ACCU checking account or external account for the life of the loan. If automatic payments are stopped, the discount will not apply. Discount will apply after introductory period. HELOC product is not available in Texas.

2. Other costs may be associated with this loan. ACCU will cover closing costs up to $500. May not be combined with and other offer or promotion. 

 3. Consult with your tax advisor.

4. Provided as an estimate only, not a guarantee. Actual time from application to funding is dependent on a number of factors including the local regulations, local restrictions, and availability of service vendors such as appraisal and tittle. An updated completion time-frame is provided as steps progress during the HELOC process. 

Must qualify for membership. A $2 membership fee may apply. The credit union is federally insured by the National Credit Union Administration (NCUA). Added savings protection provided by American Share Insurance (ASI) on qualifying member’s accounts in excess of that provided by NCUA. ASI is a credit union owned-share guaranty corporation. See a credit union representative for details. Equal housing opportunity.