Hybrid HELOCs
You’ve built real value in your home. You deserve a line of credit designed for you. A Hybrid HELOC allows you to make the most of your home's equity and puts you in control.
What is a Hybrid HELOC?
A Hybrid Home Equity Line of Credit (HELOC) is a revolving credit line secured by your home’s equity that combines a variable-rate draw period with the option to lock up to three draws of your balance into a fixed rate at any time. This gives you flexible access to your funds and predictable repayment when you need it.
A HELOC is a convenient and flexible way to pay for some of life's big expenses, allowing you to borrow against your equity. Some common uses for a HELOC are:
Home improvements
Unexpected expenses
Vacations
College expenses
The HELOC process
Apply online
Access your line in MyCU Digital Banking
Borrow funds from your line of credit at any time
Decide if you want the draw to be variable rate or fixed
Label your draw to keep track of your total debt obligation
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Why should I get a Hybrid HELOC?
A Hybrid HELOC is a smart choice if you want ongoing access to your home equity without taking out a new loan each time. It’s ideal for homeowners managing large or revolving expenses like renovations, tuition, or debt consolidation who also want protection against rising interest rates through fixed-rate locks.
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What are the benefits of a Hybrid HELOC?
Rate flexibility: Once your line of credit is approved, you can access your funds whenever needed. As you make an advance, you can decide if you want to keep the draw at a variable rate or lock it into a fixed rate.
Borrow only what you need: Draw funds on demand and only pay interest on what you use.
Convenience: Transfer funds instantly in MyCU Digital Banking. Plus, a 25-year draw period — 10 years longer than the common 15-year period — means you won’t have to deal with the hassle of opening a new line for a long time.
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