When life calls, let your Home Equity answer

Life’s biggest moments can come with a price. Let your home’s equity help you get the funds you need, whether it’s for renovations, education or debt consolidation.

HELOC Rates

Our low Home Equity Line of Credit rates offer you security at an affordable cost.
Term
Variable APR*
(as low as)
Minimum Loan Amount
Term
10 year draw, 15 year repayment period
Variable APR*
(as low as)
7.00%
Minimum Loan Amount
$15,000
Effective February 1, 2025

* Variable Annual Percentage Rate. APR shown is the lowest available rate. Actual APR based on borrower’s credit history, collateral and loan terms. Membership required based on eligibility.

* Variable Annual Percentage Rate. APR shown is the lowest available rate. Actual APR based on borrower’s credit history, collateral and loan terms. Membership required based on eligibility.

Start Your HELOC Application Here:

couple covered in paint looking at heloc terms on a tablettablet

What is a HELOC?

An Arizona Financial Home Equity Line of Credit (HELOC) allows you, the homeowner, to borrow up to 80% of the value of your home – minus what you still owe on your mortgage – in the form of a revolving line of credit.

Access your money throughout your 10-year draw period and make payments during that time.

During your 15-year repayment period, you must pay back the loan in monthly installments that cover both the principal and interest. This adjustable-rate loan is a convenient solution that can be used for anything!

Differences between a HELOC & Home Equity Loan

 

Interest Rate Structure:

Monthly Payment:

Access:

Repayment Terms:

Interest Cost:

Closing Cost:

Fixed-Rate Home Equity Loan 

Interest Rate Structure::

Fixed interest rate 

Monthly Payment:

Remains the same 

Access:

Receive lump sum up front 

Repayment Terms:

Monthly payment over a 5-, 10-, or 15-year term 

Interest Cost:

You know exactly how much you'll pay 

Closing Cost:

Typically covered by Arizona Financial Credit Union

Learn more about a Home Equity Loan

Home Equity Line of Credit (HELOC) 

Interest Rate Structure::

Variable interest rate 

Monthly Payment:

Varies 

Access:

Borrow as needed 

Repayment Terms:

Monthly payments calculated based on current balance and a 25-year amortization 

Interest Cost:

Overall borrowing costs may increase or decrease if rates rise or fall. 

Closing Cost:

Typically covered by Arizona Financial Credit Union

hands pointing at color paint samples as a benefit of a heloc

Home Equity Line of Credit (HELOC) Features

Unexpected life events or planned investments can be covered with our flexible Home Equity Line of Credit. Enjoy the freedom to borrow what you need, when you need it.
Competitive Rates

Our Home Equity Line of Credit is a competitively priced adjustable rate loan.

No Annual Fee

There's no annual fee with our Home Equity Lines of Credit.

No Closing Costs or Fees1

Pocket this extra savings! You'll pay no closing costs or fees when you apply for a Home Equity Loan from Arizona Financial.

No Prepayment Penalty

You'll be congratulated, not penalized if you pay off the remainder of your loan early.

1. If the borrower requests a second appraisal, all fees and costs for the second appraisal are the borrower’s responsibility. Property insurance required and subject to verification. Property must be located in Arizona.

Life Improvement with a HELOC

Utilizing a Home Equity Line of Credit (HELOC) for whatever life throws your way. Whether that be home improvements, as a downpayment on an investment property, or unforeseen events, HELOC’s make it a breeze. 

  • Enjoy the affordability of a HELOC. HELOC rates are generally lower than personal loans or credit cards, saving you money.
  • Borrow against your limit as many times as you need during your draw period.
  • HELOCs offer potential savings from tax deductions on interest payments. Consult a tax advisor for details.
home being remodeled with a home equity line of credit

HELOC Resources

Blog Post

Tapping Into Your Home’s Equity: Top 4 Uses of Home Equity

Discover the various types of home equity loans as well as four ways you can utilize your home's equity.

Read More
Blog Post

What Does a Prime Rate Increase Mean to Me & My Rate?

Your HELOC rate is variable and is impacted by the prime rate as well as your monthly bills. Learn more about the prime rate today.

Read More
Blog Post

Common Reasons for Being Declined

To help you keep your chances for a loan denial down, here are the top five reason why you might be denied for a loan and how you can fix this for next time.

Read More

Frequently Asked Questions

How long does the Home Equity Loan process take?

Typically, a Home Equity Loan process can take anywhere from 2-4 weeks. The time frame depends on your response to requested documents and is reliant on the title process.

It's wise to coordinate proof of insurance and provide proof of income when applying to assist in speeding up the process.

Does my rate stay the same throughout the loan period?

HELOCs carry a variable rate through the entire term of the loan, not just the repayment period.

If I have bad credit, can I qualify for a loan?

Arizona Financial reviews a number of factors before making a decision on the loan, including credit and each member’s unique situation.

If you would like to discuss the details of your current financial picture before applying, simply call our loan experts at 602-683-1730.

Do I have to be a member of Arizona Financial to get a loan?

To take advantage of Arizona Financial benefits, including competitive loan rates– membership is required. It's simple to become a member. You just have to meet one of our membership eligibility requirements.