Homeowners have a simple solution to make the most out of their home's value. A Home Equity Line of Credit (HELOC) can be used for virtually anything, from improvement projects to a family vacation to consolidating bills.
With a Gather FCU HELOC, there's usually no need for a home appraisal. Members who do not have a HELOC with us can get a new HELOC with a 0.95% APR* introductory rate until January of 2024. Contact Gather today and learn more about using your home's value to your advantage.
- Borrow up to 90% of Home Value
- No appraisal needed (up to $200,000)
- Limits up to $450,000
*APR = Annual Percentage Rate. Initial Promotional Rate of 0.95% APR is available until 01/12/2024 for all new home equity loans. After 01/12/2024, the rate is variable and will change to the prevailing rate at that time. As of 7/12/2023, the current prevailing rate is 7.75% APR. Rates will be determined on the twelfth day of January, April, July and October. All accounts are subject to a rate change at the close of business on January 12 (Annual Change Date). The Annual Percentage Rate (APR) will never increase above 18.00%. Requests over $200,000 require an appraisal at your expense and at a cost estimated between $400 and $1,000. Gather FCU HELOC has a 5-year draw period with a 15-year amortized repayment (principal and interest payment). You must maintain fire, hurricane and flood insurance (if applicable) on the property that secures the HELOC. HELOC must be secured by owner-occupied, fee-simple property located on Kauai. Maximum loan amounts are up to $450,000 on a first mortgage or $200,000 on a second mortgage. Final loan approval is subject to sufficient income-to-debt ratio, good title to the property and Gather FCU’s determination of the value of the property. This offer is subject to other terms and conditions of Gather FCU’s loan policy. Member agrees to sign any and all documents required to create a valid loan and security agreement prior to issuance of loan proceeds. We do business in accordance with the Federal Fair Housing Law and the Equal Opportunity Act. Program is subject to change or discontinuation without notice.