Your home’s equity can help you do more, whether you’re planning a renovation, supporting a child’s education, or finally taking that dream vacation. With a CUSB Bank Home Equity Line of Credit (HELOC) or Home Equity Loan, you can fund life’s important moments with flexible options, competitive rates, and guidance from local lenders who know your goals matter.
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HELOCS and Home Equity Loan Options
Home Equity Line of Credit (HELOC)
A HELOC lets you borrow against the equity you’ve built in your home and access funds only when you need them. Use checks, request an advance in person or by phone, or draw funds through Online Banking. Your credit line is set upfront, and you borrow from it as needed, repay, and borrow again. HELOCs feature variable interest rates based on your agreement.
Key Benefits
- Flexible, revolving access to funds
- Pay interest only on what you use
- Multiple ways to draw funds
- Ideal for ongoing or unpredictable expenses
Home Equity Loan
A Home Equity Loan gives you a lump sum at a fixed rate, with predictable monthly payments throughout the loan term. It’s a great option if you know exactly how much you need and prefer the stability of fixed payments.
Key Benefits
- One-time lump sum
- Fixed interest rate
- Consistent monthly payments
- Ideal for single, large expenses
Click here to watch a video on the difference between a HELOC and a Home Equity Loan.
Why Choose CUSB?
No Closing Costs on HELOCs***
CUSB Bank currently waives all closing costs for HELOCs, helping you save from the start.
Competitive Rates
Our HELOC offers a variable rate tied to a market index, with standard rate limits and an option for preferred pricing when you use automatic payments.
Local Lenders Ready to Help
Our experienced lenders will walk you through qualification, explain your options, and help you move forward with confidence.
***All closing costs are currently waived for CUSB Bank HELOC’s. Current rate of 6.75% APR (Annual Percentage Rate) on approved HELOC applications dated Dec. 11, 2025 and after. The APR is variable and is subject to change monthly based on the Wall Street Journal U.S. Prime Rate, plus 0.50% margin. If you set up automatic payments, the APR is based on the Wall Street Journal Prime Rate for as long as you maintain automatic payments. The current rate with automatic payments is 6.75% APR. The maximum rate is 20% APR. Minimum or “Floor” rate is 3.750% APR. $15 annual fee. Normal credit standards apply. You must carry insurance on the property that secures the line of credit.