Home Equity Line of Credit

Let Life Happen with a HELOC.

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

If you have equity in your home and would like to make home improvements or pay down debt, a Home Equity Line of Credit (HELOC) might be right for you. Easily access your HELOC funds with your Hughes checking account, online or by phone.

Use a 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

LIMITED TIME OFFER: Hughes is waiving fees (up to $915 value)** for new HELOC applications.

During this limited-time promotion, you may borrow anywhere from $10,000 to $250,000, enjoy flexible terms and low adjustable rates plus no prepayment penalties!

Features & Benefits

  • Enjoy a low rate adjustable loan to remodel a room or for large projects
  • Flexible terms available up to 20 years
  • Borrow from $10,000 to $250,000 or up to 90% of the appraised value of your home


  • 5.75% APR*
    HELOC (< 80% Loan-to-Value)
  • 6.75% APR*
    HELOC (> 80% Loan-to-Value)
Effective Date: 05-29-2020

*APR = Annual Percentage Rate.

Minimum loan amount is $10,000
Maximum loan amount is $250,000

For members with approved credit. Minimum loan advance of $10,000 required. Minimum monthly payment will be interest only, amortized over loan term applicable to outstanding balance. 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 processing fees, which will become due at time of payoff. Offer good through June 30, 2020. An estimated range of fees is $300 to $915. Eligible property includes single-family, owner-occupied, primary residence and vacation homes (located in AZ ONLY).

Adjustable Rate: 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 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%. NMLS #411592.

Hughes Federal Credit Union, 971 W. Wetmore Rd., Tucson, AZ 85705.

Why Home Equity Line of Credit ?

Let us do the heavy lifting.

No Prepayment Penalties Icon

No prepayment penalties

Go ahead. Pay off your loan early!

Flexible Terms

Up to 240 months (20 years)


Low Adjustable Rates

Keep more of your money with our low rates.


HELOC Frequently Asked Questions

You may join Hughes Federal Credit Union if you:

  • Live, work, worship or attend school in Tucson
  • Are employed by one of our Select Employer Groups
  • Have a family / household member who is a member of Hughes: Family member – a spouse, child, sister/brother, parent, grandparent, grandchild, stepparent, stepchild, stepsister/brother, or adopted child. A household member is a person living in the same residence sharing household expenses.
  • Make a small donation to one of the following community Special Interest Groups:
    • Friends of the Oro Valley Public Library
    • Friends of the Pima County Public Library
    • Friends of the Green Valley Public Library
    • Tucson Audubon Society