Home Equity Lines of Credit

Home Equity Lines of Credit

Home Equity Lines of Credit are a great way to utilize the equity you have in your home. We offer competitive rates and options for our members and will work with you to determine the best product for your specific needs.

Home Equity Line of Credit (HELOC)

  • HELOC’s allow you to use the value in your home to secure a line of credit that you can use when you need it.
  • We offer variable AND fixed rate options to align with your needs, with terms offered up to 20 years.
  • Terms and conditions apply.

For all Home Equity products the following applies.

  • Property must be in New York State, within Monroe, Orleans, Genesee, Livingston, Ontario, or Wayne County.
  • Minimum loan amount is $25,000 and maximum is $150,000.
  • – No closing cost with a minimum loan amount of $25,000. ***

***Should home equity loan be closed within the first 36 months of the loan open date you must reimburse Gates Chili FCU for the actual costs and fees paid in connection with opening the line of credit.

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