home equity loans and HELOCs

A Home Equity Line-of-Credit (HELOC) is a great way to pay for life’s projects. While the most common reason for this type of loan is a home remodeling project, it can also be used for college tuition, debt consolidation, vacations, weddings, medical expenses, vehicle repairs, and other unexpected expenses. By using your home’s equity as collateral, you can make your home work for you!

benefits of a HELOC from BlueOx Credit Union

• Local, hometown, superior service
• Friendly, experienced loan advisors
• Financed and serviced at BlueOx Credit Union
• Quick, seamless, and tailored to your needs
• Borrow up to 90% of your home’s equity (for qualifying loans)
• Free pre-approvals and low closing costs
• Quick access to your funds
• Make payments online or in-branch
• Competitive rates and flexible terms
• Generous credit limits
• Variable rate line-of-credit
• Interest may be tax deductible*

what information should I bring?

to my appointment

• The legal description of the property from the deed or title insurance
• Recent appraisal and/or property tax statement disclosing SEV
• Current income verification (current W2s and/or last two year’s income tax returns)

to my loan closing

• Driver’s license
• Copy of homeowner’s insurance policy adding BlueOx Credit Union as an additional loss payee

*Consult a tax advisor.