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Last Updated: 04/18/2025

Educators Credit Union HELOC

in Home Equity Lines of Credit from Educators Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

700 - 840

Amount Range

$10,000 - $500,000

Maximum LTV

100%

Minimum Draw

N/A

Loan Term (Years)

5 - 30

Educators Credit Union HELOC Review

Educators Credit Union HELOC is offered by Educators Credit Union (NMLS #67380), a credit union founded in 1937 and based in Racine, WI. Educators Credit Union HELOC are available in 1 state.

Key Takeaways

Good credit required. You will need a credit score of at least 700 to qualify.
Only primary residences considered. Educators 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. Educators Credit Union HELOC has a maximum loan to value ratio of 100%.

Educators Credit Union HELOC Pros & Cons

Pros

Cons

Charges an origination fee.
Only considers applicants with good credit.
Charges prepayment fees.
No co-sign option available.
Only available in 1 state.

Educators Credit Union HELOC FAQ

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

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

Educators Credit Union HELOC may charge an origination fee.

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

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

Primary residences

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Message from Educators Credit Union HELOC

Do you want to use the equity you have built in your primary residence? With our Fixed Home Equity Loans or our Home Equity Lines of Credit (HELOC), you can do just that. You can borrow 80% of your home’s value at a low rate or borrow up to 100% of the value at a slightly higher rate. Our home equity loans have fixed interest rates, fixed monthly payments and flexible repayment terms.

Home Equity Line of Credit is an open-ended loan for members who want to borrow up to an approved limit, pay it back, and borrow again, all without reapplying for a new loan.

Contact

Headquarters

1400 N Newman Rd

Racine, WI 53406

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

9:00AM - 6:00PM

Tuesday

9:00AM - 6:00PM

Wednesday

9:00AM - 6:00PM

Thursday

9:00AM - 6:00PM

Friday

9:00AM - 6:00PM

Saturday

8:00AM - 1:00PM

Educators Credit Union HELOC

Cast Your Vote

Compare All Home Equity Lines of Credit

Highlights

Educators Credit Union HELOC Review

Key Takeaways

Educators Credit Union HELOC Pros & Cons

Educators Credit Union HELOC FAQ

Is there a minimum draw requirement?

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

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

Message from Educators Credit Union HELOC

Contact

Hours of Operation

Other Services by Educators Credit Union