Home Equity Line of Credit

Transform Your Equity into Opportunity
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Access Cash From Your Home on Your Terms

Get a flexible line of credit from $10,000 to $250,000 with adjustable rates, no prepayment penalties, and funds ready when you need them.

Use Your HELOC For:

  • Home renovations and upgrades
  • Debt consolidation
  • Major purchases
  • Education expenses
  • Live events (weddings, travel, etc.)

Limited-Time Offer

Apply between April 1 and December 31, 2026, and fees will be waived up to $975.1

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Rates

7.75% APR*
< 80% Loan-to-Value
8.75% APR*
> 80% Loan-to-Value
Property must be in Arizona

Features & Benefits

  • Borrow $10,000 - $250,000
  • Competitive rates
  • No prepayment penalties
  • Flexible draw and repayment options
  • Use funds when you need them - not all at once
  • Local support and easy online access
  • Submit a Debt Protection Claim

Why Home Equity Line of Credit ?

Let us do the heavy lifting. (Property must be in Arizona)

No Prepayment Penalties Icon

No prepayment penalties

Go ahead. Pay off your loan early!
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Flexible Terms

Up to 240 months (20 years)

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Low Adjustable Rates

Keep more of your money with our low rates.
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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 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
  • If subordination is approved, pay a $250 processing fee
  • The requesting party must include the subordination document for Hughes' review and signature
  • If approved, we will sign the document, have it notarized and return it within 24 hours of approval
Submit requests to: Hughes Federal Credit Union, Attn: Daniel Martin, PO Box 11900, Tucson, AZ 85734 

 

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.

A Home Equity Line of Credit lets you borrow against the value of your home, using only what you need.

No, there are no prepayment penalties.

A HELOC gives you ongoing access to funds, while a traditional loan provides a lump sum upfront.

You can borrow between $10,000 and $250,000, depending on your home equity and qualifications.



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Disclosures

Effective Date: 04-02-2026

*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.

1Loan must remain open minimum of two years to avoid repayment of fees. Minimum $10,000 advance at funding. Fees waived include appraisal fees, title fees, flood determination fee, and recording fee. Maximum fees waived up to $975. Primary residence with up to 90% Loan to Value. The Annual Percentage Rate shall be subject to modification and adjustment any quarter hereafter until this loan is fully paid and discharged. Offer good through December 31, 2026. Certain restrictions apply.

Hughes Federal Credit Union, 971 W. Wetmore Rd., Tucson, AZ 85705.