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Last Updated: 04/18/2025

Consumers Credit Union HELOC

from Consumers Credit Union

Last Updated: 04/18/2025

Rating not yet determined2 total votes

2 users recommend

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Highlights

Credit Score Range

660 - 840

Amount Range

$10,000 - $500,000

Maximum LTV

85%

Minimum Draw

N/A

Loan Term (Years)

Consumers Credit Union HELOC Review

Consumers Credit Union HELOC is offered by Consumers Credit Union , a credit union founded in 1930 and based in Lake Forest, IL. Consumers Credit Union HELOC are available in 50 states and Washington, DC.

Key Takeaways

Fair credit accepted. Borrowers with a credit score as low as 660 may qualify for Consumers Credit Union HELOC.
Only primary residences considered. Consumers Credit Union HELOC does not offer financing for vacation homes or investment properties.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
High maximum LTV ratio. Consumers Credit Union HELOC has a maximum loan to value ratio of 85%.

Consumers Credit Union HELOC Pros & Cons

Pros

Cons

Considers applicants with fair credit.
Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.
No co-sign option available.

Consumers Credit Union HELOC FAQ

What are the terms for Consumers Credit Union HELOC?

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.

Consumers Credit Union HELOC offers home equity loans with terms ranging from 30 to 30 years.

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does Consumers Credit Union HELOC charge for a HELOC?

Consumers Credit Union HELOC may charge an origination fee.

What types of property can you use as security for a HELOC with Consumers Credit Union HELOC?

Consumers Credit Union may consider HELOCs secured by the following property types:

Primary residences

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message from Consumers Credit Union HELOC

Need financial help with remodeling your home, personal loans or even a vacation? We have you covered! With a Consumers home equity loan or home equity line of credit (HELOC), you get access to cash when you need it at a great, competitive rate. Home Equity Line of Credit, Flexible open line of credit that can be used and paid on for an ongoing basis.

Contact

Headquarters

300 N Field Dr.

Lake Forest, IL 60045

Visit Site

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 - 6:00PM

Saturday

9:00AM - 1:00PM

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Consumers Credit Union HELOC Community Reviews

Would you recommend Consumers Credit Union HELOC to your friends?

Chijioke O.

Jan 14, 2021

May or may not recommend

So far you guys are just the best You can't go wrong with consumer credit union Heloc home equity lines of credit I have been in search of an good credit line for nearly 4 years and I can happily say I found one now.

Constance C.

Dec 18, 2020

May or may not recommend

My Consumers Credit Union HELOC is great. They gave me up to 30 years to repay it and I can draw up to as much as I need. They have the best rates and my payments never change even if my rate goes up a little. I would definitely recommend it to all of my friends.

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