Home Equity Line of Credit

Transform Your Equity into Opportunity
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Access Cash From Your Home on Your Terms

Tap into your home's equity with a flexible line of credit from $10,000 to $250,000. Use what you need, when you need it, with no prepayment penalties.

Use Your HELOC For:

  • Home renovations and upgrades
  • Consolidating high-interest debt
  • Major purchases
  • Education expenses
  • Life events (weddings, travel, etc.)

Save Up to $975 on Your HELOC

Apply by December 31, 2026, and we'll waive up to $975 in fees, helping you put more of your money where it belongs.1

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Rates

7.75% APR*
< 80% Loan-to-Value
8.75% APR*
> 80% Loan-to-Value
Property must be in Arizona

Features & Benefits

  • Borrow $10,000 - $250,000
  • Competitive rates
  • No prepayment penalties
  • Flexible draw and repayment options
  • Use funds when you need them - not all at once
  • Local support and easy online access
  • Submit a Debt Protection Claim

Why Home Equity Line of Credit ?

Let us do the heavy lifting. (Property must be in Arizona)

No Prepayment Penalties Icon

No prepayment penalties

Go ahead. Pay off your loan early!
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Flexible Terms

Up to 240 months (20 years)

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Low Adjustable Rates

Keep more of your money with our low rates.
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FAQ

HELOC Frequently Asked Questions

What are the requirements for a Home Equity Subordination Agreement?

The HELOC Subordination Agreement requirements are as follows:

  • Copy of appraisal or valuation being used for the loan
  • Letter of request from lender with full disclosure of amount, rate, term, and loan type of the new loan
  • If subordination is approved, pay a $250 processing fee
  • The requesting party must include the subordination document for Hughes' review and signature
  • If approved, we will sign the document, have it notarized and return it within 24 hours of approval
Submit requests to: Hughes Federal Credit Union, Attn: Consumer Lending Manager, PO Box 11900, Tucson, AZ 85734 

 

Upon receipt we will review the request and make a determination if the credit union is able to approve the subordination. If approved we will sign the document, have it notarized and return it to you within 24 hours of approval.

What is a HELOC?

A Home Equity Line of Credit lets you borrow against the value of your home, using only what you need.

How is a HELOC different from a loan?

A HELOC gives you ongoing access to funds, while a traditional loan provides a lump sum upfront.

Are there any penalty fees for paying off my loan early?

No. You are not penalized for paying off a loan early at Hughes.


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Disclosures

Effective Date: 11-02-2026

*APR = Annual Percentage Rate.

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

Variable Rate Feature: This is a variable-rate Home Equity Line of Credit. The APR may vary quarterly based on changes in the Index. The Index is based on the quarterly average of the Wall Street Journal Prime Rate as stated on the first (1st) business day of each month within the calendar quarters beginning with January, April, July, and October ("Index"). For loans with a loan-to-value (LTV) ratio of 80% or less, the APR is determined by the Index plus a margin of 1.00%, rounded up to the nearest 0.250%. For loans with an LTV ratio greater than 80%, the APR is determined by the Index plus a margin of 2.00%, rounded up to the nearest 0.250%. For Credit Builder Home Equity Loans, the APR is determined by the Index plus a margin of 6.50%, rounded up to the nearest 0.250%. The APR may increase or decrease quarterly but will never exceed the lesser of 18.00% APR or the maximum rate permitted by applicable law. The APR will not fall below 5.00% APR.

Estimated Fees to Open the Plan: Hughes Federal Credit Union currently estimates that fees and costs to open a HELOC may total approximately $975.

Membership Requirement: Membership with Hughes Federal Credit Union is required (Main Share Savings - minimum balance of $5). There is no membership or participation fee to obtain a HELOC.

Additional Fees: Hughes Federal Credit Union does not impose any minimum, fixed, transaction, activity, or similar charges that are finance charges in connection with this HELOC. There are no loan fees calculated as a percentage of the credit limit.

1Loan must remain open for a minimum of two (2) years to avoid repayment of fees. Minimum $10,000 advance required at funding. Fees waived include appraisal fees, title fees, flood determination fee, and recording fee. Maximum fees waived up to $975. Property must be owner-occupied primary residence with up to 90% loan-to-value. Offer valid through December 31, 2026. Certain restrictions apply.

NMLS #411592
Hughes Federal Credit Union
971 W. Wetmore Rd.
Tucson, AZ 85705