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Home Equity Lines of Credit
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Last Updated: 04/18/2025

Cobalt Credit Union Home Equity Line of Credit

in Home Equity Lines of Credit from Cobalt Credit Union

Last Updated: 04/18/2025

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Credit Score Range

N/A

Amount Range

$10,000 - $250,000

Maximum LTV

N/A

Minimum Draw

N/A

Loan Term (Years)

Up to 20
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Cobalt Credit Union Home Equity Line of Credit Review

Cobalt Credit Union Home Equity Line of Credit is offered by Cobalt Credit Union (NMLS #421370), a credit union founded in 1946 and based in Papillion, NE. Cobalt Credit Union Home Equity Line of Credit are available in 50 states and Washington, DC.

Key Takeaways

  • Only primary residences considered. Cobalt Credit Union Home Equity Line of Credit does not offer financing for vacation homes or investment properties.
  • Origination fees of $400.00 to $1,000.00.

Cobalt Credit Union Home Equity Line of Credit Pros & Cons

Cobalt Credit Union Home Equity Line of Credit FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.
Borrowers can apply for lines of credit of up to $250,000.00. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.
Typically, borrowers with good credit can qualify for up to 85% of the property value, minus the balance on their first mortgage.

What are the terms for Cobalt Credit Union Home Equity Line of Credit?

HELOCs include a draw period followed by a repayment period. During the draw period, borrowers can access funds as needed up to the credit limit.
Cobalt Credit Union Home Equity Line of Credit offers home equity loans with a maximum term of 20 years and a draw period of up to 10 years.

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does Cobalt Credit Union Home Equity Line of Credit charge for a HELOC?

Cobalt Credit Union Home Equity Line of Credit may charge an origination fee. Dollar fees may range from $400.00 to $1,000.00.

What types of property can you use as security for a HELOC with Cobalt Credit Union Home Equity Line of Credit?

Cobalt Credit Union may consider HELOCs secured by the following property types:
  • Primary residences

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Contact

Headquarters

7148 Towne Center Parkway
Papillion, NE 68046
(800) 228-0392
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Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

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