You've worked hard for your home, so let it work hard for you.
Make the most out of your home's equity with a Home Equity Line of Credit (HELOC). Borrow anywhere from $10,000 to $250,000, enjoy adjustable rates with flexible terms—plus, no penalties for paying off your loan early.
Whether it's renovating your space, consolidating debt, or funding once-in-a-lifetime experiences, our HELOC is designed to partner with your potential.
Use a HELOC to:
- Increase your home's value by making home improvements
- Make holiday purchases
- Take the vacation of a lifetime
- Consolidate debt or settle medical bills
Rates
9.50% APR*
< 80% Loan-to-Value
10.50% APR*
> 80% Loan-to-Value
Property must be in Arizona
Features & Benefits
- Enjoy a low rate adjustable loan to remodel a room or for large projects
- Flexible terms available up to 20 years
- Borrow from $10,000 to $250,000 or up to 90% of the appraised value of your home
Flexible Terms
Up to 240 months (20 years)
Low Adjustable Rates
Keep more of your money with our low rates.FAQ
HELOC Frequently Asked Questions
You may join Hughes Federal Credit Union if you:
- Live, work, worship or attend school in Tucson
- Are employed by one of our Select Employer Groups
- Have a family / household member who is a member of Hughes: Family member – a spouse, child, sister/brother, parent, grandparent, grandchild, stepparent, stepchild, stepsister/brother, or adopted child. A household member is a person living in the same residence sharing household expenses.
- Make a small donation to one of the following community Special Interest Groups:
- Friends of the Oro Valley Public Library
- Friends of the Pima County Public Library
- Friends of the Kirk Bear Canyon Library
The HELOC Subordination Agreement requirements are as follows:
- Copy of appraisal or valuation being used for the loan
- Letter of request from lender with full disclosure of amount, rate, term, and loan type of the new loan
- $250 Fee (only processed if subordination is approved) GL 0151-0000 (MX)
- Requesting party must include subordination document for Hughes' review and signature
Submit these by mail to:
Hughes FCU, PO Box 11900, Tucson, AZ 85734
Attn: Daniele Loomis
or if by express mail:
Hughes FCU, 971 W. Wetmore Rd., Tucson, AZ 85705
Attn: Daniele Loomis
Upon receipt we will review the request and make a determination if the credit union is able to approve the subordination. If approved we will sign the document, have it notarized and return it to you within 24 hours of approval.
Disclosures
Effective Date: 11-25-2024
*APR = Annual Percentage Rate.
Minimum loan amount is $10,000
Maximum loan amount is $250,000
Adjustable Rate: The index is based on the quarterly average of the Wall Street Journal Prime Rate as stated on the first (1st) work day of each month within the calendar quarters beginning with January, April, July and October (“the Index”) plus a margin of 1.0% and adjusted upward to the nearest 0.250% on loans with a loan-to-value of 80% or less. On loans with a loan-to-value higher than 80%, the rate shall be determined by using the Index plus a margin of 2.0% and adjusted upward to the nearest 0.250%. On Credit Builder Home Equity Loans, the rate shall be determined by using the Index plus a margin of 6.5% and adjusted upward to the nearest 0.250%. The APR shall be subject to modification and adjustment any quarter hereafter until this loan is fully paid and discharged and shall not exceed the maximum interest rate “cap” of 18%, whichever is less, and shall not decline below the minimum interest rate of 5%. NMLS #411592.
Hughes Federal Credit Union, 971 W. Wetmore Rd., Tucson, AZ 85705.