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Access Flexible Financing with a Home Equity Line of Credit
A Home Equity Line of Credit (HELOC) allows you to tap into your home’s value and borrow as needed, with competitive interest rates and flexible repayment terms. Whether you're funding home improvements, consolidating debt, or covering major expenses, a HELOC provides a convenient and cost-effective solution.
Low Interest Rates
Competitive rates to help you save on borrowing costs
Flexible Borrowing
Withdraw funds as needed, just like a credit card
Fund Your Goals
Home renovations, debt consolidation, tuition, medical expenses, and more
HELOC Rates
| Type | Draw Period | Rate |
|---|---|---|
| 40-Year Variable Rate HELOC (Introductory Rate) | 20 Years | 3.99% APR 1 |
| 7 Year Fixed Rate HELOC | 2 Years | 6.49% APR 2 |
| 12 Year Fixed-Rate HELOC | 2 Years | 6.74% APR 2 |
| 22-Year Fixed Rate HELOC | 2 Years | 6.99% APR 2 |
| 40 Year Variable Rate HELOC | 20 Years | 7.00% APR 3 |
What is a HELOC?
A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their home. It works similarly to a credit card, where you can borrow, repay, and borrow again up to a set limit during the draw period.
Draw on your equity without paying closing costs 4
Draw periods up to 20 years.
Use the money for projects or goals.
Calculate Your Home's Equity
Your monthly payment depends on your home's equity, credit history, and financial situation. Use our free HELOC calculator to estimate your monthly payment today!
| Loan Type | Draw Period | Monthly Payment | Rate (As Low As) |
|---|---|---|---|
| 40-Year Variable Rate HELOC (Introductory Rate) | 20 Year Draw | 1% of Current Balance | 3.99% APR1 |
| 7 Year Fixed Rate HELOC | 2 Year Draw | 6.49% APR2 | |
| 12 Year Fixed-Rate HELOC | 2 Year Draw | 6.74% APR2 | |
| 22-Year Fixed Rate HELOC | 2 Year Draw | 6.99% APR2 | |
| 40 Year Variable Rate HELOC | 20 Year Draw | 1% of Current Balance | 7.00% APR3 |
Start Your Application Today
Don't Wait - unlock your home's equity today! Apply online or speak with one of our loan specialists to find the best HELOC option for you.
Download Your Free HELOC Guide
Ready to start your journey but not sure where to begin? Download our guide and let us help you on this adventure!
DownloadFAQs
What’s the difference between a fixed-rate and variable-rate HELOC?
- A fixed-rate HELOC locks in a steady interest rate for predictable payments, ideal for budgeting.
- A variable-rate HELOC fluctuates with market conditions, often starting lower but changing over time.
Why should I use a HELOC over a Personal Loan?
A Home Equity Line of Credit (HELOC) and a personal loan are both useful borrowing options, but the right choice depends on your financial needs and situation.
A HELOC is typically a better option for large expenses that can be paid over time, such as home renovations, major repairs like a roof replacement, or debt consolidation. Because a HELOC is secured by your home's equity, it usually offers lower interest rates and higher borrowing limits compared to personal loans. This makes it a cost-effective choice when you need flexible access to funds for ongoing or substantial projects.
On the other hand, a personal loan is unsecured, meaning it doesn’t require home equity. It is ideal for smaller, immediate needs like emergencies or quick cash requirements, where faster approval is essential. Additionally, a personal loan can be suitable for discretionary expenses like vacations, especially if you prefer not to use your home as collateral.
A HELOC is typically a better option for large expenses that can be paid over time, such as home renovations, major repairs like a roof replacement, or debt consolidation. Because a HELOC is secured by your home's equity, it usually offers lower interest rates and higher borrowing limits compared to personal loans. This makes it a cost-effective choice when you need flexible access to funds for ongoing or substantial projects.
On the other hand, a personal loan is unsecured, meaning it doesn’t require home equity. It is ideal for smaller, immediate needs like emergencies or quick cash requirements, where faster approval is essential. Additionally, a personal loan can be suitable for discretionary expenses like vacations, especially if you prefer not to use your home as collateral.
Can I qualify for a Home Equity Line of Credit (HELOC) if I have a lower credit score?
You may still qualify for a HELOC with a lower credit score. Schedule an appointment with us to discuss your options and find the best solution for your needs.
What do I need to apply for a HELOC?
We've simplified our loan process down to only the most essential information. Here's what we need to know:
- Borrower Information - The basics about you. If you’re not already a member, open a Langley membership online or at a local branch.
- Property Information - The basics about the property you want to finance including your current homeowners, flood insurance policies, and mortgage statement.
- Income - What you make. For most borrowers this will be paystubs covering the last 30 days. For self-employed borrowers, the two most recent years of tax returns are requested.
- Liabilities - What you owe and to whom. We will run a credit report to confirm liabilities and fill in that section of the application for you. (You'll have a chance to review and make any corrections.)
- Declarations - A few more questions to complete your application.
1
Introductory Annual Percentage Rate (APR) of 3.99% is available for the 12 months from the date of the loan opening on 40-Year Variable Rate HELOC (Introductory Rate). After the introductory period, the APR will adjust monthly to a variable rate based on the value of an index plus a margin. As of November 7, 2025, non-promotional variable APRs ranged from 7.00% to 10.00% depending on credit history, loan amount, and loan-to-value (LTV). Actual rate and margin will be determined at closing. Members may borrow up to 90% of their home’s equity, even if their first mortgage is not with Langley. Funds are available during the 20-year draw period. Rates and terms are subject to change without notice. Credit subject to approval. Property insurance, and if applicable, flood insurance, is required. HELOC applicants are required to pay for appraisals upfront; appraisal fees are non-refundable regardless of loan funding. Possible tax advantages — consult your tax advisor.
2
The Annual Percentage Rates (APRs) are fixed rates with a LTV of up to 100%, and will not increase during the life of the loan. Rates and terms are subject to change without notice. Credit is subject to approval. Some restrictions may apply. Property insurance, and if applicable, flood insurance is required. HELOC applications borrowers will be required to pay for appraisals upfront. Appraisal fees will no longer be refunded regardless of the loan funding. Possible tax advantages, consult your tax advisor. Federally insured by NCUA.
3
Annual Percentage Rates (APR) are variable and determined by credit history.
4
Maryland properties - member responsible for all recording fees and taxes. All fees and taxes may be advanced from the HELOC at funding.