Home Equity Line of Credit (HELOC)

Disclosures

General Requirements

The USALLIANCE Financial Home Equity Line of Credit, or HELOC, is a variable-rate open-end credit plan secured by your home. The Annual Percentage Rate, or APR, is calculated based on the Prime Rate published in The Wall Street Journal, plus a margin. As of January 1, 2026, the WSJ Prime Rate is 6.75%. APRs, margins, rates, terms, and loan programs are subject to change without notice.

Any advertised "as low as" rate, including any rate stated as Prime plus a margin, assumes well-qualified credit and applicable loan-to-value requirements. Your actual APR may vary based on creditworthiness, combined loan-to-value ratio, property type, lien position, collateral valuation, occupancy, and other underwriting factors. The HELOC is a variable-rate product. Your APR may increase or decrease after account opening as the Prime Rate changes. The maximum APR is 18.000% and the minimum APR is 4.000%.

Borrowing up to 90% of the value of a primary residence, and up to 85% of the value of a second home, is subject to credit approval, property eligibility, collateral valuation, lien position, combined loan-to-value limits, occupancy requirements, and applicable program requirements. Not all applicants will qualify for the maximum credit line, the advertised rate, or the maximum combined loan-to-value amount.

The minimum HELOC line of credit is $25,000. The initial draw must be at least $25,000, and subsequent draws must be at least $500. The draw period is ten (10) years, during which you may access available credit up to your approved credit limit, subject to the terms of your account agreement. During the draw period, minimum monthly payments are interest only on the outstanding balance and will not reduce principal. Finance charges begin to accrue from the date of each advance.

After the draw period ends, no further advances may be made. Any outstanding balance will enter a repayment period of up to twenty (20) years, during which payments of principal plus interest will be required. The 30-year term referenced on this page consists of a ten (10) year draw period followed by a repayment period of up to twenty (20) years.

Fees, closing costs, and other restrictions may apply. All loans are subject to credit approval. A consumer credit report will be obtained in connection with an application. The name and address of the consumer reporting agency or agencies providing the credit report will be furnished upon request. A consumer credit report may also be requested in connection with any update, renewal, or extension of credit.

A HELOC may be used for many purposes, including home improvements, education expenses, major purchases, emergencies, or debt consolidation. Using a HELOC to consolidate debt may not be appropriate for every borrower and may not reduce total interest cost, total repayment amount, or monthly payment. Members should consider their individual circumstances before using a HELOC to consolidate debt.

Interest paid on a Home Equity Line of Credit may be tax deductible in some circumstances. Consult a qualified tax advisor regarding the deductibility of interest for your specific situation. USALLIANCE Financial does not provide tax advice, and nothing on this page should be considered tax guidance.

You must be a member of USALLIANCE Financial to receive a HELOC. Membership is not required to apply but will be established upon funding if you are not already a member. Membership criteria and eligibility will be reviewed during the loan application process.

USALLIANCE Financial provides home equity lending services for eligible 1-4 family homes, planned unit developments, and individual condominium units. If the property is an attached condominium unit, a completed condominium questionnaire may be required. USALLIANCE Financial offers home equity lending services in all states except Alaska, Hawaii, and Texas.

USALLIANCE Financial does not offer home equity loans or lines of credit on vacant land, manufactured or mobile homes, cooperatives, properties held in life estates, or leasehold properties. If the property is held in trust, it must be removed prior to or at closing, depending on product and vesting. Contact your loan officer for details.