Put the value of your home to work for you
When eligible, a Home Equity Line of Credit from OAS FCU gives you flexible access to funds based on the equity in their primary U.S. residence.
You can borrow, repay, and borrow again during the draw period — using only what you need, when you need it.
Why choose OAS FCU for your home equity line of credit
-
Flexibility and control
Access funds as needed through a revolving credit line. - Competitive variable rates based on current market conditions.1
-
Trusted guidance
Our team helps you understand how a HELOC works and whether it fits your goals. -
No prepayment penalties
Pay down the balance early without added costs. -
Global reach
Perfect if you live abroad and need access to U.S.-based funds.2
As a Credit Union, we lend responsibly — helping you use home equity as a tool, not a shortcut.
Home Equity Line of Credit
A Home Equity Line of Credit is a revolving line that lets you borrow, repay, and borrow again as needed. It’s designed for members who want flexibility — whether for planned projects or life’s unexpected moments.
Revolving access to funds — use only what you need, when you need it.
Variable-rate structure tied to a widely published index.3
Principal and interest payments apply based on the outstanding balance.
Funds can be transferred easily into your OAS FCU account.
A HELOC can be a cost-effective option compared to some alternatives, depending on how you qualify and how you use it.¹
Responsible lending, global understanding
We lend on primary residences located in the continental U.S. (excluding Texas and Alaska).
We understand the unique situations of international members, G-4 visa holders, and staff of global organizations, making it easier to access financing securely and transparently.
Requirements & key details:
Property insurance is required.
Minimum line amounts and advance requirements apply.
Independent property valuation is required; appraisal costs may apply.1
Interest may be tax-deductible — consult your tax advisor regarding the deductibility of interest.
We lend responsibly and transparently, in full compliance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
Before You Apply
We make it simple to apply — but a few basics help you know if your property qualifies.
Eligible properties:
Owner-occupied primary residences in eligible geographic areas
Properties suitable for occupancy (living) at the time of application.
Ineligible properties:
Mobile homes, co-ops, or timeshares
Commercial or mixed-use properties
Undeveloped land
Properties with more than 4 home units.
Frequently Asked Questions
Available credit is based on your home’s value, existing liens, and program guidelines. Your loan specialist can help you estimate your home’s available equity.
Once approved, you can transfer funds through Online or Mobile Banking, or contact us to transfer the funds to your OAS FCU preferred account.
We do not charge application or annual fees. Standard third-party closing costs may apply, and we will disclose them before you proceed.1
Yes. Because HELOCs have variable rates, payments may change when the Wall Street Journal Prime Rate adjusts (typically quarterly).3
In many cases, yes — especially if funds are used for home improvements. Consult your tax advisor for guidance regarding the deductibility of interest.
Disclosures
-
OAS FCU loans are for members only. Home Equity Line of Credit (HELOC) terms are subject to credit approval, underwriting guidelines, and property eligibility requirements. Loan terms, credit limits, and costs may vary based on individual circumstances. Closing costs apply unless otherwise disclosed in a promotional offer. Property Insurance may be required.
-
Financing is available only for owner-occupied primary residences located in eligible geographic areas. All lending decisions are made in compliance with the Equal Credit Opportunity Act and applicable fair lending laws.
-
The interest rate is variable and indexed to the Wall Street Journal Prime Rate, to which a margin is applied. The rate may change quarterly and is subject to minimum and maximum limits as allowed by law. Changes in the rate may affect the length of the loan but do not increase the required payment amount.