We offer home equity lines of credit. If you’re looking to remodel your home, add on a room, redecorate, install a pool, upgrade heating/cooling, or need extra cash for whatever reason, a vehicle purchase, medical expenses or vacation, your home’s available equity could save you a lot of money in the long run.
Luso American Credit Union can also help you refinance your existing mortgage and save money.
Ask our mortgage specialist to help you determine the best option for your individual situation.
Home Equity Line of Credit Special!
Enjoy rates as low as 5.00%* on a Home Equity Line of Credit (HELOC) from Luso American Credit Union!
FlexStart Home Equity Line of Credit
Our FlexStart HELOC gives you flexible access to the equity in your home with a special introductory rate of 3.99%** for the first 12 months! After the introductory period, your rate becomes variable and is based on Prime minus 0.50%, with a floor rate of 5.00% APR.
* Special rate offer is 5.00%. $25,000 minimum draw. This is a variable rate product. Interest rate will fluctuate with the Prime Rate as published in the Wall Street Journal on the last business day of each month throughout the term of the loan. The maximum rate charged will not exceed 18.00%. Floor rate of 5.00%. The current Prime Rate is 6.75% as of 12/11/2025. Maximum combined LTV of property cannot exceed 70%. Offer applies to new money and new loans only. Existing Luso American Credit Union Home Equity Lines of Credit are not eligible for this offer. No rewrites permitted. Offer applies regardless of first lienholder. Closing costs may and normally do apply. Homeowner’s Insurance is required. Tax escrow may be required and will increase your payment amount. Flood Insurance may be required. Interest paid on your Home Equity Loan may be tax deductible. Consult your tax advisor for more information. Subject to credit approval. Membership eligibility required. Insured by MSIC. Federally Insured by NCUA. Equal Housing Lender. NMLS #407560.
** Introductory rate of 3.99% Annual Percentage Rate (APR) for the first 12 months. After the introductory period, the rate will adjust to a variable APR equal to the Wall Street Journal Prime Rate minus 0.50%, with a floor rate of 5.00% APR. The current Prime Rate is 6.75% as of 03/25/2026. $25,000 minimum initial draw at closing. $10,000 minimum for each subsequent draw. Minimum loan amount of $25,000 with a maximum combined loan-to-value (CLTV) of 80%. Early termination fee of 3% of the outstanding loan balance or $1,500 (whichever is greater) if the line is closed within 36 months of the initial draw. 10-year draw period followed by a 20-year repayment period. Interest-only payments required during the draw period. All other requirements as outlined above (*) are applicable. Insured by MSIC. Federally Insured by NCUA. Equal Housing Lender. NMLS #407560.