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Home Equity Line of Credit

Money borrowed through SHPFCU Home Equity Line of Credit (HELOC) can be used for any purpose, from home improvement projects to family vacations.

Sample uses for a HELOC:

  • Renovate your home or make home repairs
  • Consolidate high interest credit cards
  • Pay student loan expenses
  • Keep an equity line open for emergency purposes
  • Take your vacation of a lifetime

There are many more uses. With a Home Equity Line of Credit, you borrow against the equity in your home and you always have easy access to the funds.

Benefits of a Home Equity Line of Credit:

  • Home equity loans are typically 100% tax deductible (consult your tax adviser)
  • You establish the amount when your loan is approved
  • Lower interest rate than using your credit card
  • Your line of credit rebuilds each time you make a payment
  • Added convenience of payroll deduction

Contact us at (800) 282-3006 or (614) 431-0784 for rates and options.


Two Easy Ways to Apply:

Call (800) 282-3006, Option 5, during business hours
Print a loan application [PDF document] and fax, mail, or deliver it to us.

Apply online button





*APR=Annual Percentage Rate. Approval for a SHPFCU Home Equity Line of Credit is subject to meeting established credit criteria. Must be an existing Member or become a Member of the Credit Union to obtain a loan. Certain terms and conditions apply. Credit is Subject to approval. Consult a tax advisor regarding the deductibility of interest.SHPFCU products, services, terms and prices are subject to change. Your Annual Percentage Rate will be based on the current Wall Street Journal Prime Rate, your credit qualifications, the amount of the line, loan-to-value, and property type. Annual Fee: There is no annual fee. Account Opening Fees: There are no fees to open a Home Equity Line of Credit. Early Termination Fees: There is no early termination fee. Property Insurance: You are required to carry property insurance on the property that secures your account. Flood insurance may be required. Your payments on this account do not include taxes or insurance. Appraisal Fees: If applicable an appraisal fee may apply.
Credit is subject to approval. Rates, terms and conditions are subject to change at any time based on market conditions or other business factors. APRs may differ based on credit scores. Call or stop in to obtain product information and current rates.


Your family members may be eligible, too!
Your immediate family is eligible to join State Highway Patrol Federal Credit Union and get the benefits of membership. Some restrictions may apply. Contact us for details.