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Credit Builder Loan

Rental/Vacation Property Home Equity Line Of Credit

A Rental or Vacation Property Home Equity Line of Credit is a secured loan using the borrowing rental, vacation or additional home as collateral. Borrow between $10,000 and $50,000 or up to 80% of the appraised value of your home.  

Requirements include:

  • Proof of residence deeded in borrower's name for two or more years.

Terms are up to 120 months or ten years to draw on the funds. Put in a pool, remodel a kitchen or update your landscaping- let us help! 

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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