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

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

Funds from a HELOC can be used for
Benefits

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

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.

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

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.

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.

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
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.
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.
More resources to consider using your HELOC
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.
HELOC Rates
Account | Term | Interest Rate |
---|---|---|
Interest-only HELOC
|
10 year draw period, 15 year repayment period |
Prime Rate |
HELOC with 2% Payment Factor
|
5 year draw period, 10 year payback period |
Prime Rate + 3.00% |
Rates effective as of: February 17, 2025
All loans are subject to credit and collateral approval, as well as income verification and employment verification. Home loan rates are subject to change at anytime, without notice. Payment examples above are base on a $250,000 loan. Payment examples are principal and interest only. Credit, taxes, insurance, other costs, may increase the payment amount. Properties must be in Colorado.
Please consult a Mortgage Loan Officer for complete details.
Home Equity Line of Credit Disclosure
Home Equity Calculator
TRUTH IN SAVINGS DISCLOSURE
Except as specifically described, the following disclosures apply to all the accounts.
- Rate Information. The dividend rate, or interest rate, and annual percentage yield on your accounts are set forth on the reverse side. The annual percentage yield is a percentage rate that reflects the total amount of dividends/interest to be paid on an account based on the dividend/interest rate and frequency of compounding for an annual period. For Certificates of Deposit and IRA Certificates of Deposit, the interest rate and annual percentage yield are fixed and will be in effect for the term of the account. The annual percentage yield is based on an assumption that interest will remain on deposit until maturity. A withdrawal will reduce earnings.
- Nature of Dividends. Dividends are paid from current income and available earnings after providing for the required reserves. The dividend rates and annual percentage yields are the prospective rates and yields that the Credit Union anticipates paying for the applicable dividend period.
- Compounding and Crediting. Interest and dividends will be compounded and credited as set forth on the reverse side. The dividend/interest period for each account is also set forth on our Rate and Fee Schedule. The dividend/interest period begins on the first calendar day of the period and ends on the last calendar day of the period.
- Balance Information. The minimum balance required to open each account is set forth. Interest is calculated by the daily balance method which applies a daily periodic rate to the principal in the account each day.
- Accrual of Dividends. Dividends will begin to accrue on cash deposits on the business day you make the deposit to your account. Dividends will begin to accrue on noncash deposits (checks) on the business day you make the deposit to your account. If you close your account before accrued dividends are credited, accrued dividends will not be paid.
- Account Limitations. The account limitations for each account are set forth in our Membership and Account Agreement
- Your account will mature on the maturity date set forth on your account receipt or renewal notice.
- Early Withdrawal Penalties. A penalty may be imposed if you withdraw any of the certificate funds before the maturity date or the renewal date, if this is a renewal account.
- Amount of Penalty. For Certificates of Deposit and IRA Certificates of Deposit the amount of the early withdrawal penalty for your account is 90 days’ interest for a term of 12 months or less, and 180 days’ interest for a term over 12 months.
- How the Penalty Works. The penalty is calculated as a forfeiture of part or all of the interest that have been earned on the account. This penalty applies to earned interest and principal.
- Renewal Policy. Certificate of Deposit accounts will automatically renew for another term upon maturity. You have a grace period of seven days in which to change or withdraw the funds without being charged an early withdrawal penalty.
- Exception to Early Withdrawal Penalties. At our option, we may redeem the account before maturity without imposing an early withdrawal penalty under the following circumstances:
- When an account owner dies
- or is determined legally incompetent by a court
- or other body of competent jurisdiction.
- Nontransferable / Nonnegotiable. Your account is nontransferable and nonnegotiable. The funds in your account may not be pledged to secure any obligation of an owner except obligations with the Credit Union.
- FEES FOR OVERDRAWN ACCOUNTS. Fees may be imposed on each check, draft item, ATM card withdrawal, debit card withdrawal, debit card point of purchase, preauthorized automatic debit, telephone initiated withdrawal or any other electronic withdrawal or transfer transaction that is drawn on an insufficient available account balance. The entire balance in your account may not be available for withdrawal, transfer or payment of a check, draft or item. You may consult the Funds Availability Policy for information regarding the availability of funds in your account. Fees for overdrawing your account may be imposed for each overdraft, item or transaction. If we have approved an overdraft protection limit for your account, such fees may reduce your approval limit. Please refer to the Rate and Fee Schedule for current fee information.
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