Home Equity Line of Credit

Your home has been saving up for this.

As summer approaches, now is the perfect time to plan your next home upgrade. Whether it’s a new patio for entertaining, a pool for those hot sunny days, or finally tackling that long overdue renovation, your plans don’t have to wait.

Beyond big renovations, the equity you've built in your home can unlock low-cost loans that may also be used to get a fresh start with debt consolidation, cover repairs, make dream vacations come true, help with college expenses - and pretty much anything else you can think of.

With a MAX HELOC, you can access what you need, when you need it, giving you the flexibility to take on projects as they take shape.

Home Equity Line of Credit (HELOC)

Our HELOC combines the best of both worlds. You get a variable rate line of credit with a fixed-rate option.

You have the power to secure all or a portion of your current balance with a fixed interest rate and a set monthly payment in up to 3 different loans we call segments.

'Segments' allow you to take control of your financial stability. By locking in specific portions of your line of credit, you're ensuring that they won't be subject to interest rate fluctuations. This means your monthly payments remain steady and predictable, making it easier to manage your finances and plan for the future with confidence.

Features:

Line of credit you can access as often as you would like for any purpose
Access funds through special checks, digital banking tools, or at MAX branches
4.50% introductory APR* variable rate after that
The monthly payment on the main line is interest-only
No prepayment penalty
Draw period is 10 years
Repayment period is 20 years and runs concurrently with the draw period
Must have an initial draw of $10,000 and maintain a minimum balance of at least $10,000 for the first 18 months for MAX to cover closing costs*
The minimum annual percentage rate will be the "current" prime rate or prime rate plus 1.00% based on your credit score with a floor rate of 4.00%**
You can lock an existing balance or loan advance to a fixed rate term and payment. (These are called segments)
Up to 3 open fixed rate segments allowed at one time. ***
Maximum rate change of 1.00% per monthly cycle

Apply Today

Speak to a Loan Specialist at 334-260-2600, Mon-Fri 8AM-5PM CST

HELOC Calculator

Interested in a HELOC but not sure how much you may qualify for? This calculator will help you estimate the limit you could be approved for. Start by entering the value of your home. Next, enter the outstanding balance (what you have left to pay including interest) on your mortgage. Finally, adjust the LTV ratio to see your potential HELOC. The LTV ratio is a percentage, generally 80-90%, that is determined by your lender.

This calculator is made available to you as an educational tool for your independent use and estimation and is not intended to provide actual loan details or an offer of credit.

* MAX will cover up to $1,000 in closing costs for HELOCs. Customers are responsible for any remaining closing costs. Certain restrictions apply.

** APR=Annual Percentage Rate. Promotional rate on the HELOC of 4.50% APR for the first 6 months of the loan. APR for all transactions and balances will be based upon your contracted rate which will be a variable rate based upon The Wall Street Journal prime rate which was 6.75% as of 12/10/2025 but will never be more than the maximum APR (Annual Percentage Rate) of 18% or less than 4.00%.

***A fixed rate segment cannot be transferred to another open segment. Once opened, additional funds cannot be added to an existing fixed rate segment. On single segment payments the interest accrued on that segment will be deducted from the payment and the remaining balance will be applied to the principal on that segment only. Segment only payments can only be processed by a MAX employee. Term and rate will be determined per the agreement signed at closing.

This is a variable rate loan. Your loan has a balloon payment. At the end of the loan term, any balance remaining will have to be paid. Most consumers with a balloon note refinance their loan before the final balloon payment becomes due. A minimum outstanding balance of $10,000 must be maintained for the first 18 months to avoid closing costs. Closing costs may range from $115-$1150. This convenient line of credit is available when you need it. Homeowners insurance required. For qualified borrowers, certain restrictions apply. 

For qualified borrowers. Certain restrictions apply. Equal Housing Lender.

MAX Credit Union is a full-service financial institution serving Central and East Alabama, including Montgomery, AL; Auburn, AL; Opelika, AL; Prattville, AL; Wetumpka, AL; Tallassee, AL; and Troy, AL

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