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HELOCs

Finance any project with a Home Equity Line of Credit (HELOC)

Enjoy secure flexible financing with your HELOC!

 

Meet Our HELOC Products

 

HELOC Prime

• Interest-only payments during the draw period

• As you access funds your HELOC rate will be based on the Wall Street Journal Prime.

• A 10-year draw period and a 15-year payback period

• Borrow up to 85% of your home’s equity

• Loan closing as quick as seven days

Feature - HELOCs 2

2% Balance Repayment HELOC

• HELOC based on the Wall Street Journal Prime plus 3%.

• 5-year draw period and a 10-year payback period.

• Repayments are 2% of the balance with a minimum $150 payment.

• Borrow up to 70% of your home’s equity

• Loan closing as quick as seven days

Feature - HELOCs

Funds from a HELOC can be used for

Home Improvements
Vacations
Debt Consolidation
Education Expenses
Big Life Events
Large Purchases

Benefits

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Tailored to You

Your line of credit is contingent upon the equity you possess in your home.

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Use When Needed

With one application, you can use your credit line as much as you want, just like a credit card, for any purpose.

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Convenient

Using mobile banking you’re able to make a draw or view funds. Learn how to make a HELOC draw here.

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Extra low payments

Qualified applicants only have to pay interest during the initial draw period, helping you stay on budget and keep payments as low as possible.

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No pre-payment penalties

Finish your remodel early? Don’t worry. We won’t ding you for that. You can repay your HELOC in a way that suits your budget and goals without worrying about pre-payment penalties.

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Funds for any project

Whether it’s restoring classic cars or tackling home projects, a HELOC from Zing can finance your dreams.

 

Properties Types to Borrow Against (Unavailable for investment or business properties)

Property types that can be used to secure a HELOC

 

Single family homes
Condominiums
Townhomes

 

We received a HELOC for home improvements. It went very smoothly and was completed in a timely manner. Everyone we worked with was very informative and cordial. Awesome to work with. 10 out of 10 stars for me. They are the best.

— Steve W.

 

What is a HELOC?

 

A Home Equity Line of Credit (HELOC) is a type of loan where you borrow against the equity in your home. It works like a credit card, giving you access to funds up to a set limit. You can borrow and repay as needed during a draw period, typically 5-10 years. After that, there’s a repayment period, typically 10-15 years.

 

Get Your Free HELOC Guide!

More resources to consider using your HELOC

What’s the Best Way to Use a Home Equity Loan?

With interest rates falling and home prices rising, it seems like a great time to tap into my home’s equity using a home equity loan.

Four Ways to Finance a Home Renovation

Are you considering a home renovation but unsure about accessing the necessary funds? We have the perfect resources to guide you.

Your Guide to Debt Consolidation

If you’ve ever found yourself juggling multiple debts, you’re not alone.

HELOCs Disclosures

All loans are subject to credit and collateral approval, as well as income verification and employment verification. HELOCs only available on primary dwellings. Not available on rental or investment properties. Max line of credit is $150,000.

Fraud Alert Zing CU will NEVER call you and ask you for your online banking login information, MFA codes, or other personal information. Do not share this info.