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

Consumers Credit Union HELOC

in Home Equity Lines of Credit from Consumers Credit Union

Last Updated: 04/18/2025

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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)

30
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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

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.

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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
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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 - 6:00PM
Saturday
9:00AM - 1:00PM

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