Home Equity Line of Credit

Benefits of a Home Equity Line of Credit (HELOC)

Any Purpose

Pay for home renovations, tuition, weddings, vacations, debt consolidation and more!


Revolving Credit

You can pay down the balance and use your credit line again and again for different purposes as you need.


Competitive Rates

Rates starting as low as Prime** — and pay zero interest if you don't carry a balance on your HELOC.


No Closing Costs

JHFCU will cover your closing costs – just keep your HELOC open for at least three years and take an advance of at least $10,000.*


Home Equity Line of Credit Key Details

A home equity line of credit (HELOC) is a convenient and flexible tool that lets you draw funds from a line of credit, the amount of which is based on the amount of equity you have in your home. A happy family enjoys a beach vacation using HELOC funds.

  • HELOCs are ideal for ongoing remodeling projects and many different purposes.
  • Borrow up to 90% of the value of your home.
  • Use your credit line again and again during the 15-year draw period. 
  • Once the draw period ends you have 15 years to pay off your balance in full.
  • Your rate will be a variable rate based on the prime rate, your credit, and LTV.
  • A minimum initial draw of $10,000 is required.
  • JHFCU will pay closing costs provided you take a $10,000 advance at closing and keep the HELOC open for minimum three years.
  • We offer local loan servicing, and you can easily make payments from your JHFCU accounts.

A JHFCU Home Equity Line of Credit is available for primary residences in Maryland, Virginia, Washington DC, Delaware, and Pennsylvania.

Apply Now

See Our Affordable Home Equity Line of Credit (HELOC) Rates



HELOC 80% LTV***

Prime Rate + 0.00%

(Floor rate is 3.00%)

HELOC 90% LTV***

Prime Rate + 0.25%

 (Floor rate is 3.25%)

Jumbo HELOC over $200K max 80% LTV***

Prime Rate + 1.00%

(Floor rate is 4.00%)

Applying for a Home Equity Line of Credit



Apply Online

You can log in to JHFCU Online Banking to apply for your HELOC – the application takes just a few minutes!




Get Pre-Approved

We’ll review your credit report and online property valuation, then get back to you with your loan decision and initial loan documents.



Final Steps

Provide proof of income and we order a title search, then schedule a settlement date so you can access your funds. From start to finish, the entire process takes just a few weeks!


Get Started


"My experience was very easy. I received a reply back within 2 days. I trust them entirely and would recommend anyone to them."

– Judy P., Baltimore, MD

All Our HELOCs Offer These Features

Competitive Rates

Our competitive HELOC rates mean more of your money goes toward your projects.

Flexible Payments

Use our Line of Credit Payoff Calculator to see how a HELOC can fit your budget.

$0 Closing Costs

JHFCU will take care of closing costs as long as you keep your HELOC open for at least 3 years and have an initial advance of at least $10,000.*

Easy Funds Access

Get your funds via Online Banking, TeleBranch 24, in person, or by writing a check.

Simple Payments

You can easily transfer funds from your JHFCU Checking or Savings to your HELOC account.

Learn More About Applying for a Home Equity Line of Credit

Have questions? Email our award-winning mortgage department at [email protected] or call at 800.543.2870 ext 740.

I'm Ready to Apply!

Home Equity Line of Credit (HELOC) FAQs

  • How is a HELOC different from a home equity loan?

    A HELOC is a form of revolving credit, similar to a credit card. 

    • You get a credit limit and you can choose how much of the funds you want to use at any time. 

    • You only pay interest on funds used, and the rate is usually variable.

    • Your monthly payment will vary depending on your balance.

    A Home Equity Loan is a type of installment loan, like an auto loan or personal loan.

    • You get a lump sum payment, and make fixed payments each month until it's paid off in full. 

    • You get a fixed rate and your loan is amortized, which means more of your payment goes toward interest at the start and more on your principal at the end. 

    Both HELOCs and Home Equity Loans borrow against your home equity so they are known as secured loans.

  • What can I use a home equity line of credit for?

    You can use your HELOC for a wide range of purposes including:

    • Home improvements, renovations, and remodeling 

    • Debt consolidation of high-interest credit cards or other loans

    • Vacations and weddings

    • Medical bills

    • Unexpected expenses and emergency funds

  • How much can I borrow?
    JHFCU will lend up to 90% of the value of your home, minus your first mortgage, with a minimum credit line of $20,000.
  • What rate will I get for my HELOC?

    The rate you get will be based on your: 

    • Credit score

    • Loan-to-value (LTV) ratio

    • Current market rates

    HELOC rates may change each month based on the Prime Rate shown in the Wall Street Journal.

  • How can I make my JHFCU HELOC payments each month?

    There are many options for making a payment when you get a HELOC from JHFCU:

    Online Transfer: Set up a recurring transfer or make a one-time transfer online from your checking, savings, or another transactional account to your mortgage account. Payments are credited and account balances are updated immediately. 

    JHFCU TeleBranch 24: Transfer your payment from a JHFCU account to your mortgage; just use your loan suffix number (EX: XXXXXXXXX-XX.)

    Pay Online from an Outside Bank: Set up JHFCU as a payee using your 9-digit JHFCU Account number - 2-digit loan suffix number (EX: XXXXXXXXX-XX.) 

    Pay by Check at a Branch or via Mail

    Pay by Transfer In-Person

    NOTE: When setting up Online Bill Payment from an outside account, use JHFCU’s main address, 2027 E Monument St, Baltimore, MD 21205
  • Do I need to be a member of Johns Hopkins Federal Credit Union to get a HELOC?

    Yes, you'll need to become a member first. Joining is quick and easy, see our eligibility requirements and fill out your application here!

    Then you'll be set to use your loan funds while enjoying all the benefits of credit union membership, like great rates and friendly, local service.

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*Closing costs will be charged back to the loan if it is closed within that three-year period.
APR=Annual Percentage Rate. The rate you receive will be based on certain creditworthiness. Please ask us for the rate for which you qualify. Maximum rate is 18.00% APR. All rates are subject to approximate loan term limits and certain restrictions may apply. Rates are subject to change without notice. There are minimum loan amounts required for some loan terms. Contact us for minimum loan amounts by term, maximum loan amounts, and loan-to-value requirements. JHFCU can finance your Home Equity Line or Loan in Maryland, Virginia, Washington, D.C., Delaware, and Pennsylvania. Additional conditions apply. Contact our Mortgage Department at mort[email protected] for additional information. NMLS# 509565. 

*** Rates are determined by an evaluation of the applicant’s credit and loan-to-value (LTV). Your actual rate may vary. Down payment may be required. Property and flood insurance may be required. Maximum rate is 18% APR.

Rates can change monthly and are based on the Prime Rate as published in the Wall Street Journal on the 25th of the month.