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

Solarity CU Home Equity Line of Credit

in Home Equity Lines of Credit from Solarity Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

$20,000 - $300,000

Maximum LTV

95%

Minimum Draw

Starting at $500

Loan Term (Years)

Up to 15
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Solarity CU Home Equity Line of Credit Review

Solarity CU Home Equity Line of Credit is offered by Solarity Credit Union (NMLS #469535), a credit union founded in 2011 and based in Yakima, WA. Solarity CU Home Equity Line of Credit are available in 50 states and Washington, DC.

Key Takeaways

  • Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • High maximum LTV ratio. Solarity CU Home Equity Line of Credit has a maximum loan to value ratio of 95%.

Solarity CU Home Equity Line of Credit Pros & Cons

Solarity CU 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 $300,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.
The maximum loan-to-value (LTV) ratio goes up to 95%. This means total debt secured by the property cannot exceed this percentage of its value. For example, on a $100,000 home with a $20,000 mortgage balance, you may qualify for up to $75k in credit.

What are the terms for Solarity CU 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.
Solarity CU Home Equity Line of Credit offers home equity loans with a maximum term of 15 years and a draw period of up to 10 years.

Is there a minimum draw requirement?

Yes. The minimum draw requirement is $500.

What fees does Solarity CU Home Equity Line of Credit charge for a HELOC?

Solarity CU Home Equity Line of Credit may charge an origination fee.

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

Solarity Credit Union may consider HELOCs secured by the following property types:
  • Primary residences
  • Secondary or vacation homes

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Contact

Headquarters

P.O. Box 2922
Yakima, WA 98907
(800) 347-9222
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Email Support

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:30PM
Tuesday
9:00AM - 5:30PM
Wednesday
9:00AM - 5:30PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 6:00PM
Saturday
9:00AM - 1:00PM

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