Notice: Branch Closure – Monday, May 27 in observance of Memorial Day.

Routing #: 254074426

Add Some Flexibility to Your Finances

Whether you’re thinking about renovating your home, paying for education, or taking advantage of investment opportunities, Labor CU can help you find the best home equity option for your needs.

Check Rates  Apply for HELOC


Put Your Home’s Equity to Work

Tap into the value you’ve built in your home with an open-ended line of credit secured by real property. To get started you’ll need the following documentation:

  • Verification of income (2 Years Tax Return if Self-Employed)
  • Current mortgage statement
  • *Homeowner’s insurance
  • Req. closing documents

More HELOC Benefits

With a HELOC, you could have a $10,000 minimum line of credit at your disposal that can be used whenever it is needed to purchase things you need or pay for unexpected expenses. HELOCs are only available on properties located in Maryland, D.C., and Virginia. Here are a few more reasons why a HELOC may be right for you.

  • Borrow up to 95% of the value of your home without incurring points, annual fees or inactivity fees
  • Low closing fees
  • Affordable payments, interest only or 1% Payment
  • May offer tax advantages; consult your tax adviser
Meet Your Lending Team


Interest Only HELOC

Draw PeriodPayback Period
Terms 10 Years
15 Years
PaymentInterest OnlyAmortized During Payback Period
Floor Rate3.00%
Ceiling Rate18.00%


5-Year Adjustable HELOC 

One Time Rate Adjustment = 1% PaymentDraw PeriodPayback Period
Terms 5 Years10 Years
Payment1% of outstanding balance at the time of the last draw.1% of the balance at the end of the draw period. Balloon Payment could occur.
Floor Rate3.00%
Ceiling Rate18.00%

1 Must meet Labor CU membership requirements and underwriting standards to qualify. Loan application subject to credit approval. Rates may vary based on individual creditworthiness. Refinancing’s ineligible. Other restrictions may apply.

Terms and conditions subject to change without notice. Contact us for details. Labor CU is an Equal Opportunity Lender.

*Prime Rate as published in the Wall Street Journal the first business day of each month. August 1, 2023, the Prime Rate is 8.50%. Not all applicants will qualify for this rate. Annual Percentage Rates are based on applicant’s credit and our underwriting standards, which may include discounts for additional credit union services. APRs subject to change based on Prime with a minimum rate of 3.00% and maximum of 18%. The cost of an appraisal normally ranges from $170-$600 is paid by the member whether or not the loan closes, if an appraisal is required. Borrower is responsible for remainder of closing costs which generally range between $175-$2250, any taxes and insurance. Property insurance required; flood insurance may be required. Program fees, rates and features subject to change without notice. Payment examples: 5-year Adjustable HELOC balance $50,000 payment $500 monthly. Interest only HELOC for $50,000 at 8.50% the payment during the draw period is $360. All loans are subject to credit approval and membership eligibility. Minimum loan amount is $10,000. A home equity line of credit is by secured by a 1st or 2nd lien on your residential property located in Maryland, DC and Virginia only. Consult a tax advisor regarding the deductibility of interest. Other terms and restrictions may apply. Please email [email protected] or call (202) 789-2901, option 3 for additional details. Labor CU is an Equal Opportunity Lender.