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Home Equity Lines of Credit (HELOCs)

A Home Equity Line of Credit (HELOC) is a smart, flexible way to turn your home’s equity into affordable financing for a variety of needs. Borrow what you need, when you need it, with a low, competitive rate. You can also make interest-only payments during the draw period to help keep your budget on track.

Discover how simple it can be to put your Arizona home’s value to work for you. Apply for a HELOC today!

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HELOC Rates

Our low HELOC rates offer an affordable budget-friendly payment, excellent for home improvements!

HELOC Rates by Credit Score

Rate
7.25%

Rates are effective as of December 15, 2025

Rate
8.25%

Rates are effective as of December 15, 2025

Rate
8.75%

Rates are effective as of December 15, 2025

Rate
10.25%

Rates are effective as of December 15, 2025

Rate
12.25%

Rates are effective as of December 15, 2025

Helpful Tips:

Loan Term is the length of time you'll be paying back the loan, usually shown in months
Credit Score is a number between 300-850 that reflects your likely ability to repay a loan. More info on credit score's five key factors here or log into online banking to check your current score here

APR=Annual Percentage Rate. APR: minimum is 4.00% and maximum is 18.00%. Minimum amount: $15,000 and maximum amount: $350,000. The index will be adjusted monthly as of the first day of each billing cycle following an index change. Prime Rate is 6.75%.

**Floor Rate is 4.00%.

Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral condition. All loans subject to approval. No prepayment penalty. Property insurance is required and will be verified.

HELOC Benefits

A HELOC offers the flexibility and control you need to reach your goals. Enjoy these benefits and more:

Competitive Rates

Enjoy lower rates than most personal loans or credit cards.¹

Convenient Access

Quickly withdraw funds from your line of credit using Online Banking.²

Potential Tax Advantages

Interest paid on your HELOC may be tax-deductible, helping you save even more.³

Maximum Funding

Borrow up to 80% of your home’s appraised value, with a maximum limit of $350,000.⁴

Have questions about your HELOC?

Women looking at computer for debt consalidation (1)

Home Equity Line Of Credit (HELOC) Details

Put your home's value to work for you.

A HELOC is a flexible and affordable way to borrow. Whether you're remodeling your kitchen, consolidating debt or purchasing new appliances, a HELOC lets you quickly get the funds you need.

Save on interest: Competitive, low rates help you keep more money in your pocket.
Borrow your way: Access only the funds you need, when you need them.
Reusable line of credit: Repay what you borrow to replenish your available credit.
Interest-only payments: Make lower payments during the draw period to free up cash.
Personalized service: Get local decisions and dedicated support from Copper State Credit Union.

Whatever your goal, a Copper State Credit Union HELOC can help you get there. Apply today to tap into your home's equity.

What’s The Difference?

HELOC Versus Home Equity Loan

Both a HELOC and a Home Equity Loan let you use the value in your home to borrow money, but they work in different ways. Here’s how they compare:

Home Equity Line Of Credit (HELOC):

A revolving line of credit you can draw from as needed
Borrow up to 80% of the appraised value of your home⁵
Variable interest rate that may change over time
Only borrow what you need during the draw period
Ideal for ongoing or unpredictable expenses, like home projects or emergencies

Home Equity Loan:

Provides a one-time lump sum payment upfront
Borrow up to 100% of the appraised value of your home
Fixed interest rate with predictable monthly payments
Repayment begins immediately after receiving the funds
Best for large, one-time expenses like major renovations, debt consolidation or tuition

Still have questions? We’re here to help! Let’s find the home equity solution that’s right for you.

APPLY FOR A HELOC

What Can You Do With A HELOC?

A HELOC is a flexible way to borrow. How and when you use the funds is up to you.

Here are some of the most common ways HELOCs are used:

Home improvements and renovations: Upgrade your kitchen, add a bathroom or enhance your outdoor space.
Emergency expenses: Handle unexpected medical bills, car repairs and other needs.
Education costs: Cover tuition, books or other education-related expenses.
Major purchases: Buy new appliances, furniture or other big-ticket items.
Life events: Pay for weddings, family trips, reunions or other special occasions.

With a Copper State CU HELOC, you’re in control. Borrow as needed up to your credit limit, and enjoy a competitive rate that helps you save.

Answers To Some Frequently Asked Questions

What is a HELOC?

A Home Equity Line of Credit (HELOC) is a revolving line of credit that lets you borrow against the equity in your Arizona home. Most HELOCs have 10-year draw periods and 10-year repayment periods, for a total term of 20 years.

You can use the funds as needed for home improvements, debt consolidation, education or other major expenses. You only pay interest on what you use during the draw period, which gives you low minimum monthly payments. Your available credit is replenished when you repay the money you borrow.

How is a HELOC different from a Home Equity Loan?

HELOCs and Home Equity Loans both use the equity in your home as collateral. They primarily differ in how you receive and repay money over the life of the loan.

A HELOC works like a credit card. You can borrow money up to your approved credit limit, and your available credit is replenished when you repay what you borrowed. With a Home Equity Loan, you receive a one-time lump sum and repay it with fixed monthly payments.

What happens when the HELOC draw period ends?: When the draw period ends, you can no longer withdraw funds from your HELOC. The account enters the repayment period, and you’ll make regular monthly payments on the remaining balance until the loan is paid off.

Is interest on a HELOC tax-deductible?: Interest on a HELOC may be tax-deductible3 if the funds are used to buy, build, or substantially improve the home that secures the loan.

Are HELOC rates fixed or variable?: HELOCs typically have variable interest rates during the draw period, which means your payments may change over time. This is different from Home Equity Loans, which have fixed interest rates.

Is it better to get a HELOC through a credit union?: A credit union home equity line of credit is often a smart choice. Credit unions are member-owned and typically offer lower rates, no annual fees, and more personalized service than many banks. Loan decisions are also made locally for a smoother and faster process.

How much would a $50,000 HELOC cost per month?: The monthly payment on a $50,000 HELOC depends on your interest rate, how much of the line you’ve drawn and whether you’re in the draw period (often interest-only) or the repayment period. For the most accurate estimate based on today’s rates and your repayment timeline, use the HELOC payment calculator on this page.

Who has the best HELOC rates in Arizona?

Copper State Credit Union offers competitive HELOC options for Arizona homeowners. Eligible borrowers with strong credit and an 80% loan-to-value (LTV) or lower may qualify for a line of credit up to $350,000, with rates based on credit and other underwriting factors.

In addition to our competitive credit union HELOC rates, the application process is fast and easy. You can apply online, by phone, or in person at a local branch. Homeowners insurance is required to qualify, but title insurance is not. If approved, funds can be transferred to your checking account through Online Banking.

Is there a better option than a HELOC?: The best loan option depends on your goals. If you need a lump sum with fixed payments, a Home Equity Loan might be a better fit. However, if you need flexible access to funds over time, a HELOC is likely the better choice.

FREE GUIDE

Ultimate Budget Plan

Ultimate Budget Plan to Save You Time and Free Your Money

Make Your Money Work For You!

Start budgeting for your next home improvement project or dream vacation!

Included in the free guide:

What is a Zero Balance Budget Plan
Find Your Financial Goals
Before Starting Your Budget Plan
Add Up Net Income
Tally Spending [Expenses] and Categorize
Quick Budget Plan Calculation
How to Make Monthly Budget Plan Adjustments
Mistakes to Avoid

Get your free copy now!

Disclosure

¹All loans subject to approval. Rates, terms and conditions are subject to change and may vary based on creditworthiness, qualifications and collateral conditions. Membership is required.

²You will receive access to online banking to process draws against your Home Equity Line of Credit. If Copper State Credit Union is paying off a subordinate lien in order to establish the Line, Copper State Credit Union will make the first draw on your account.

³Consult a tax advisor.

⁴The maximum credit limit is $350,000.

⁵The maximum Home Equity Loan amount is $350,000 and the minimum loan amount is $15,000.