Unlock Your Home's Value with a HELOC

The equity you’ve built in your home is a powerful tool that can help you achieve your dreams – from home renovations to a dream vacation and more.

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Home Equity Line of Credit (HELOC) Features & Benefits

With the convenience of a HELOC, enjoy the freedom to borrow what you need, when you need it. 
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No Closing Costs or Fees1

Pocket this extra savings! You'll pay no closing costs or fees when you apply for a Home Equity Loan from Arizona Financial.

Flexibility

Use your line of credit at your convenience, only borrowing what you need. As you repay the balance, the funds become available again for future projects. 

10-Year Draw Period

Access funds throughout the draw period while making monthly payments. After the draw period ends, you’ll pay back the loan in monthly installments that cover both principal and interest.

Tax-Deductible Interest

The interest you pay may be tax deductible when your HELOC funds are used for qualifying home improvements. Consult your tax advisor for details.

1. Property insurance required and subject to verification. Credit union will pay closing costs secured by an owner-occupied residence. If the borrower requests a second appraisal, all fees and costs for a second appraisal are the borrower’s responsibility.

HELOC Rates

Our low Home Equity Line of Credit rates offer you security at an affordable cost.
Term
Variable APR*
(as low as)
Minimum Loan Amount
Term
10 year draw, 15 year repayment period
Variable APR*
(as low as)
7.25%
Minimum Loan Amount
$15,000
Effective December 1, 2024

* Variable Annual Percentage Rate. APR shown is the lowest available rate. Actual APR based on borrower’s credit history, collateral and loan terms. Membership required based on eligibility.

* Variable Annual Percentage Rate. APR shown is the lowest available rate. Actual APR based on borrower’s credit history, collateral and loan terms. Membership required based on eligibility.

Start Your HELOC Application Here:

Look What a Home Equity Line of Credit Can Do for You!

Your hard work is about to pay off! The equity you've built in your home is a valuable resource ready to help you achieve your dreams and financial goals: 
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  1. Home Improvements

    Draw funds from your HELOC over time to pay for renovations, upgrades, and repairs.

  2. Major Expenses

    Use it to cover things like travel, wedding costs, college expenses – the possibilities are endless. 

  3. Investment Purposes

    Tap the equity in your current home to help purchase a second home or rental property.

  4. Emergency fund

    Use your HELOC as a safety net to give you quick access to funds in an emergency.
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HELOC Resources

Blog Post

How to Unlock Your Home's Value

With the increase in home values over the last few years, homeowners who want to get cash out of their homes can access the value in their homes with a home equity loan or home equity line of credit (HELOC).

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Blog Post

Home Improvements: When To DIY Or Leave It To The Pros

In today’s world, when you can look up how to do practically any project online or watch a video on YouTube, it’s tempting to want to do everything yourself, but it isn’t always the best choice.

Read More
Blog Post

Home Improvements for Every Budget

In this blog, you’ll find ideas for home improvements no matter what your budget may be. We’ll talk about kitchen, bathroom and outdoor upgrades that will not only bring you excellent ROI, but will also allow you to enjoy your home for years to come.

Read More

Our Team of Experts Will Help You from Start to Finish!

At Arizona Financial, our local experts will guide you through the home equity loan process.
 
Home Equity Loan or Line of Credit: Call 602-683-1000 or visit one of our branch locations.

Frequently Asked Questions

How long does the Home Equity Loan process take?

Typically, a Home Equity Loan process can take anywhere from 2-4 weeks. The time frame depends on your response to requested documents and is reliant on the title process.

It's wise to coordinate proof of insurance and provide proof of income when applying to assist in speeding up the process.

Does my rate stay the same throughout the loan period?

HELOCs carry a variable rate through the entire term of the loan, not just the repayment period.

If I have bad credit, can I qualify for a loan?

Arizona Financial reviews a number of factors before making a decision on the loan, including credit and each member’s unique situation.

If you would like to discuss the details of your current financial picture before applying, simply call our loan experts at 602-683-1730.

Do I have to be a member of Arizona Financial to get a loan?

To take advantage of Arizona Financial benefits, including competitive loan rates– membership is required. It's simple to become a member. You just have to meet one of our membership eligibility requirements.