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Momentum Home Equity Line of Credit 

Handy Heloc graphic of Jim swiping through potential house projects.

Achieve Tomorrow’s Dreams Today 

Whether you hire a professional or tackle home-improvement projects on your own, our handy HELOC helps you achieve tomorrow’s dreams today. A remodel can be a smart way to invest your equity. Renovations and additions have the potential to boost your home’s value. Your dream home may be just a HELOC away.


Introductory Rate

4.99% APR*

6 Months

Introductory Rate1


As low as

8.00% APR*

Standard Rate*


What can you do with a handy HELOC?

  • Renovate your kitchen
  • Add beautiful hardwood floors to your home
  • Consolidate bills into one easy payment (and possibly save money)
  • Go back to school to pursue what you love
  • Invest in your side-hustle
  • Get cash for emergency repairs
  • And more!

Convenient payment options available

A Momentum HELOC allows you to take advantage of your equity while keeping your payments low and manageable. You’ll get an ultra-competitive rate for the first 6 months and you choose the payment option that fits your budget.

You can even choose to convert portions of your loan to a fixed rate during your draw period to save even more!2

Additional payment options to consider:

  • Interest-only payments during the 10-year draw period 
  • Or 1% of the current balance or $100, whichever is greater3

HELOC FAQs

  • Home Equity
How does a Home Equity Line of Credit (HELOC) work?
  • A revolving line of credit (like a credit card, without the card) 
  • Access the money in branch, online or in the mobile app as you need it 
  • The rate is adjustable, but portions of the line of credit can be fixed 
  • Home Equity
What can I use a HELOC for?
  • Emergency fund 
  • Home improvement 
  • Consolidate bills 
  • Education 
  • And more! 
  • Home Equity
What is the loan length?
  • 10 year draw period 
  • 15 year repayment period 

*OAC. Some restrictions apply. $50 annual fee. Minimum loan amount is $10,000. Low closing costs; early termination fee may apply. Membership fee, other terms and restrictions may apply.

1. Introductory rate valid for 6 months from the date the loan is booked. After the first 6 months a variable rate will apply, based on the Wall Street Journal prime rate plus a margin and adjusted quarterly; current rates range from 8.50% - 18.00% APR, based on credit worthiness. Maximum APR = 18%.

2. Borrower may elect to convert portions of the Home Equity Line of Credit from a variable rate to a fixed rate loan for a transaction fee of $75 per occurrence. The minimum amount required to be converted to fix rate is $5,000. Borrower may lock up to 3 different amounts at any one time.

3. Borrowers may opt for interest-only payments during the initial draw period (10 years). Monthly payments are typically lower with the interest-only payment option; however your principal balance will remain the same until you made additional payments to the principal. After the draw period, the monthly payment will be calculated to repay your loan within the remaining 15 years and may adjust quarterly based on the prime rate.

The rates and terms shown are effective as of October 23, 2024.  View the Common Fees disclosure here.
Rates subject to change. For the most current rates available contact us at 800.852.5316.