Borrow only what you need with a home equity line of credit

An Atlas home equity line of credit (HELOC) could give you the opportunity to borrow money as you need it.

Couple discussing an Atlas home equity loan in home
The Run Down
  • Borrow up to 90% of the equity of your home
  • Terms from 15-30 years47,45
  • No closing costs or appraisal fees
  • Quick approval process
  • Available in most states
  • Option to pay interest-only for the first 10 years with a HELOC (Interest-Only)
Rates
4.75 %
APR
As Low As
180 mo. Max Term
HELOC

APR=Annual Percentage Rate45,47

Earn 2.10% APY on your savings!63

That's 16.7x the national bank average!71

Learn more about savings


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"Best Banks of 2019" - NerdWallet

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"Best Mortgage Lender of 2018" - The Simple Dollar

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"Most Convenient Credit Union of 2018" - MagnifyMoney


How does a home equity line of credit work?

Similar to a credit card, a home equity line of credit (HELOC) allows you to borrow what you need, as you need it, up until you reach your credit limit.

The amount of credit you could get is determined by your home equity and other factors. If you have a home and have been making payments on your mortgage for years, then you may have built up a significant amount of equity.

 

Learn more about how a HELOC works

An Atlas HELOC makes borrowing simple

Ready whenever you need it

With a HELOC, you could have a line of credit at the ready in case an unexpected expense comes your way, such as a hospital bill or home renovation.

Save money on fees

You can maximize your loan with no application fees, appraisal fees or closing costs on lines up to $250,000.

Maximize your borrowing opportunity

An Atlas Home Equity Line of Credit allows you to borrow up to 90% of the value of your home.

Get the right home equity option for you

A home equity line of credit is a great way to leverage the value of your home and ensure you have funds available for whatever you want, such as home improvements, vacations and more. We’re always here to help. Call an Atlas home equity expert at 800-328-1935.

HELOC

Rate
as low as 4.75% (variable) APR47
Quick Summary

Borrow funds as you need them, up to your line of credit amount.

Max Term

180 months

Annual Fee

$0

Consider If

You anticipate needing funds over time.

Rate
as low as 4.75% (variable) APR45
Quick Summary

Borrow funds as you need them up to your line of credit amount, but only pay back the interest and the amount of principal you choose for the first 10 years.

Max Term

360 months

Annual Fee

$50, waived the first year

Consider If

You anticipate needing funds over time, and you want the option to make lower interest-only payments on the loan now.

Rate
as low as 5.75% (fixed) APR46
Quick Summary

Borrow up to 90% of your home equity and get a one-time payment

Max Term

60, 120 or 180 months

Annual Fee

$0

Consider If

You need a specific amount for an immediate need.  Example uses:

  • buying a car
  • major home renovation

Home Equity Line of Credit FAQs

What situations would an Atlas Interest-Only Home Equity Line of Credit be good for?

An interest-only Home Equity Line of Credit may be right for you if:

  • Your property is experiencing high value appreciation.
  • You’re self-employed or have variable income.
  • You expect your earnings to increase significantly in a few years.
How do I choose between the different home equity products?

Each type of product has specific advantages. For example, the home equity line of credit (HELOC) gives you the flexibility to use the funds on an “as-needed” basis. On the other hand, the home equity loan gives you a one-time draw with a fixed rate that is especially useful for a large initial purchase. Consult with an Atlas Home Equity Specialist to find the loan that’s right for your situation.

How much equity do I need in my home to take out an Atlas Home Equity Loan or HELOC?

The amount of equity you currently have in your home will determine the Home Equity Line of Credit (HELOC) limit or Home Equity Loan value. Consult with an Atlas Home Equity specialist to determine your estimated credit limit or loan value amount.

Have a Question?

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