You may choose to open another HELOC after your draw period is over, but you must re-apply and re-qualify, and you must pay off your current HELOC out of the newly opened HELOC.
If you do not choose to open another HELOC, your current HELOC will automatically convert to a 15-year repayment term for loans opened prior to July 1, 2026. The converted 15-year loan includes both principal and interest in the payment and the interest rate adjusts month to month. For loans opened after July 1, 2026, the HELOC will convert to a 10-year repayment term that includes both principal and interest.
Need additional assistance?
- Connect digitally through online or mobile banking.
- Contact us by phone.
- Visit any branch location.
Membership eligibility required. All loans are subject to credit approval, underwriting, collateral appraisal and terms and conditions. Offers subject to change or cancellation at any time without notice. Actual rates and terms may vary based on creditworthiness, property value, loan amount, and other factors. Not all will qualify for the lowest rate. Consult a tax advisor regarding deductibility of interest. For full terms, conditions, and current rates, please reach out to a HELOC loan specialist at any branch location. This is not a commitment to lend. You could lose your home if you do not meet the loan obligations.
This is a variable-rate plan. Minimum credit line of $10,000 required. During the 10-year draw period, minimum payments are interest-only or $30, whichever is greater. After the 1st month or 36th month depending on the product you choose, your rate is based on an index plus a margin and varies monthly. After the draw period, a 10-year repayment period begins with monthly payments of principal and interest. As of 4/1/2026, based on the index and margin, the fully indexed APR could be as low as 6.75%. Your APR may vary. Maximum APR is 18%. Closing costs range from $300 to $2,500. Property and/or flood insurance may be required and is not included in closing costs. $50 annual fee applies.
This is a variable-rate plan. Minimum credit line of $10,000 required. During the 10-year draw period, minimum payments are interest-only or $30, whichever is greater. After the 1st month or 36th month depending on the product you choose, your rate is based on an index plus a margin and varies monthly. After the draw period, a 10-year repayment period begins with monthly payments of principal and interest. As of 4/1/2026, based on the index and margin, the fully indexed APR could be as low as 6.75%. Your APR may vary. Maximum APR is 18%. Closing costs range from $300 to $2,500. Property and/or flood insurance may be required and is not included in closing costs. $50 annual fee applies.