Home Equity Line of Credit (HELOC) In Vermont & New Hampshire
Flexible, revolving credit that lets you borrow against your home’s equity. Ideal for ongoing expenses like home projects, education, or debt payoff.
Overview
What is a Home Equity Line of Credit?
A Home Equity Line of Credit (HELOC) is a flexible way to borrow against the equity in your home. Instead of receiving a lump sum, you’re approved for a credit line and can access funds as needed—making it ideal for tuition, repairs, or recurring expenses.
You can borrow up to 80% of your home’s equity, minus the balance of your first mortgage. Interest applies only to what you use, and the line can be reused as you repay.
For example: If your home is valued at $200,000 and your remaining mortgage balance is $100,000, you may qualify to borrow up to $60,000.
($200,000 x 80% = $160,000 – $100,000 = $60,000)
If you’re a White River CU member, please use this application.
Today’s Rates
All Rates Effective April 1, 2025
Home Loans
Term | APR | |
|---|---|---|
| Home Equity LOC | Up to 15 Year Term | Prime +.75%3 |
| Home Equity Loan | 5 Year Term | 6.49%4 |
| 10 Year Term | 6.99%4 | |
13 Year Term | 6.74%5 | |
15 Year Term | 7.49%4 |
3 Annual percentage rate is based on an index, the Wall Street Journal Prime Rate (which may change). The annual percentage rate may vary periodically. The minimum annual percentage rate that can apply is 4.00% APR floor, and the maximum annual percentage rate that can apply is 18% APR. We will not charge you any fees to open, use, or maintain your Home Equity Line of Credit. However, you may pay certain fees to third parties to open the plan. Those fees are generally between $300 – $500. You must also maintain property and flood insurance (if necessary) on your dwelling.
4 Minimum loan amount $5,000. Maximum loan to value is 80%.
5 Minimum loan amount $5,000. Maximum loan to value is 60%. 1st position lien. Subject to credit approval.
View Home Equity Early Disclosure PDF
Member-Focused. Locally Rooted.
Borrow With Confidence, On Your Terms
Use your home’s equity with a credit line that adapts to your life. Get local support, fast decisions, and funds you can reuse as needed.
loan Benefits
Flexible Financing Backed by Your Home
Revolving Access to Funds
Borrow and repay as needed. Perfect for home improvements, tuition, or recurring expenses.
Local Support & Fast Decisions
Get help from real Vermonters with quick turnarounds and personal guidance.
Potential Tax Savings
Interest may be tax-deductible—consult your tax advisor for eligibility.
No Fees for Unused Balance
You only pay interest on the amount you actually use.
Frequently Asked Questions
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I recently moved to Vermont and was looking for a new financial institution. Several people recommended 802 Credit Union. Kim helped me set up my accounts, my direct deposit and got me started with online banking. She showed me how to use Bill Pay, which I never used at my previous bank. What a huge convenience! I highly recommend 802 Credit Union and all the staff at the Windsor branch.
Sarah
Windsor, VT
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