Adjustable Rate Home Loans | Home Loans | Home Equity

Credit Builder Loan

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) is a secured loan using the borrower's home as collateral.

You've worked hard for your home, so let it work hard for you!

HELOC Promo Rate

Use your HELOC to:

  • Increase your home's value by updating the kitchen or bathrooms
  • Make holiday purchases
  • Take the vacation of a lifetime
  • Consolidate debt or settle medical bills

From NOW until June 30, 2018 Hughes is waiving fees (up to $915 value) for new HELOC applicants.

At Hughes we make the HELOC process quick and easy. During this promotion you may borrow anywhere from $10,000 to $250,000, enjoy flexible terms and low adjustable rates plus no prepayment penalties. Easily access your HELOC funds online, by phone, or with your Hughes checking account. 

Life debt protection is available and there are several payment options. So go ahead, let us help you with that home remodel project. 

Check our Adjustable Loan Rates

To apply:

  • Call 520-794-8341or 800-253-8245 (outside Tucson) and press 4 
  • Or, start your loan application online and write "HELOC" in the comment box 

Estimate your payments below!

NOTE: The consequences of non-payment must be given careful consideration when securing a loan with your home. Please borrow responsibly. Property financed must be in Arizona.

*For members with approved credit. Rate reflects the Adjustable Annual Percentage effective January 1, 2018, and is subject to change. Minimum loan advance of $10,000 required. There are no prepayment penalties; however, early payoffs, prior to two years from date of loan or loan extension, will result in a forfeiture of the waived loan processes fees, which will become due at time of payoff. Offer good through June 30,2018.  The index is based on the quarterly average of the Wall Street Journal Prime Rate as stated on the first (1st) work day of each month within the calendar quarters beginning with January, April, July and October (“the Index”) plus a margin of 1.0% and adjusted upward to the nearest 0.250% on loans with a loan-to-value of 80% or less. On loans with a loan-to-value higher than 80%, the rate shall be determined by using the Index plus a margin of 2.0% and adjusted upward to the nearest 0.250%. On Rental/Vacation Property Loans, the rate shall be determined by using the Index plus a margin of 3.0% and adjusted upward to the nearest 0.250%. On Credit Builder Home Equity Loans, the rate shall be determined by using the Index plus a margin of 6.5% and adjusted upward to the nearest 0.250%. The APR shall be subject to modification and adjustment any quarter hereafter until this loan is fully paid and discharged, and shall not exceed the maximum interest rate “cap” of 18%, whichever is less, and shall not decline below the minimum interest rate of 5%.

A complete Truth in Lending Disclosure is provided at Hughes Federal Credit Union.

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