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Credit Builder Loan

Credit Builder Home Equity Line Of Credit

If you have a FICO score of 580 or lower this loan is an ideal move towards improving your credit.  You can use this adjustable rate loan like any home equity loan*. Consolidate higher interest rate bills, make improvements to your home, and more. You can borrow between $10,000 and $25,000 – up to 80% of the appraised value of your home.

Requirements include:

  • Proof of your mortgage balance

When you apply for your loan, we'll review your credit report and show you ways to improve your credit score.

Check our Adjustable Loan Rates

To apply:

  • Call (520) 794-8341 or (800) 253-8245 (outside Tucson)
  • Visit one of our branches

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.

*Adjustable Rate Loan: 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.

Rates › Calculators ›

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