Home Equity Line of Credit (HELOC)

Q: How does a HELOC work?

Apply for a HELOC and get approved for a specific credit limit based on the equity you have built in your home. A draw period will be established; during this period, borrow money as needed up to your credit limit. After the draw period ends, you'll enter a repayment period where you'll pay back the principal and interest.

Are you ready to turn “this old place” into your perfect space?

A home equity line of credit (HELOC) from Mazuma can help you leverage the equity you’ve built in your home to fund improvements, consolidate debt, or cover life’s other expenses. Our HELOCs provide a low-interest revolving line of credit where you get to choose the length of the loan and repay some or all of what you’ve borrowed each month. Achieve your financial goals with a HELOC from Mazuma!

EquiPlus Variable¹

Access up to 80% of your home’s appraised value.

Loans from $10,000 to $200,000 available.^*

Draw on your line of credit for 10 years with
an affordable 15-year repayment plan.

Rates as low as 7.75% APR^**

EquiGold Variable²

Access up to 100% of your home’s appraised value.

Loans from $10,000 to $200,000 available.^*

Draw on your line of credit for 10 years with affordable payments of 1.75% of the outstanding loan balance.

Rates as low as 9.00% APR^**

Home Equity Line of Credit Answers Booklet

Home Equity Line of Credit Disclosures

Making Kansas City a Better Place to Live, Work, and Bank

When you bank with Mazuma Credit Union, you’re not just investing in your own financial future – you’re becoming part of something bigger! As a not-for-profit, Member-owned financial institution, we’re committed to improving the lives of our Members and our community.

A Home Equity Line of Credit (HELOC) is a type of loan that allows you to borrow money against the equity you’ve built in your home. Think of it as a revolving line of credit, like a credit card, but secured by your home.

Apply for a HELOC and get approved for a specific credit limit based on the equity you have built in your home. A draw period will be established; during this period, borrow money as needed up to your credit limit. After the draw period ends, you'll enter a repayment period where you'll pay back the principal and interest.

HELOCs can be used for various purposes, including home improvements such as renovations, additions, or energy-efficient upgrades.

A HELOC can be used to consolidate debt, combining high-interest debt into a lower-interest HELOC, or for large purchases like a car, college tuition, or a vacation.

You can access your HELOC funds via checks or manage your HELOC through our online banking platform.

Apply for a HELOC here.

Unlock the equity in your home with a HELOC to turn your dreams into reality!