HOME EQUITY LINE OF CREDIT

Tap into your Home’s Equity with HELOC

Turn your Equity into Opportunity.

When you’ve built equity in your home, you’ve built opportunity. A Home Equity Line of Credit (HELOC) from Ft. Randall Federal Credit Union gives you access to that equity, with flexible terms, competitive rates, and the freedom to use your funds when and how you need them.

Whether you’re planning a major home renovation, consolidating high-interest debt, covering college tuition, or preparing for unexpected expenses, a HELOC is a smart way to tap into the value you’ve already invested in your home.

What is HELOC?

A Home Equity Line of Credit is a revolving credit line secured by the equity in your home. Unlike a traditional loan, a HELOC allows you to borrow only what you need, when you need it, similar to how a credit card works, but often with significantly lower interest rates.

You’ll receive a credit limit based on a percentage of your home’s appraised value, minus the balance of your existing mortgage. During the draw period, you can borrow from your line, repay, and borrow again as needed. After that, you’ll enter a repayment period where you’ll pay down the outstanding balance.

Benefits of a HELOC from Ft. Randall FCU

Ft. Randall FCU’s HELOC solutions are designed to give you control, flexibility, and peace of mind. As a member-owned credit union, we’re committed to transparent terms and personalized support.

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Competitive Fixed and Variable Rates

Flexible Terms

Financing up to 80% of the Appraised Value or 100% of the Tax Assessed Value

Interest May/May Not be Tax Deductible (see tax advisor for details)

Is a HELOC Right for you?

A HELOC can be a powerful tool when used strategically. It’s ideal for homeowners who have built up equity and want flexible access to funds for ongoing or large expenses. Unlike a lump-sum loan, you’re only responsible for interest on the amount you borrow, making it a more cost-effective solution in many cases.

Need help deciding? Our loan officers are here to walk you through the application process, evaluate your eligibility, and answer your questions about terms and conditions, credit score impact, and repayment strategies.

Why Borrow with Ft. Randall FCU?

At Ft. Randall Federal Credit Union, you’re not just a loan — you’re a member. We serve communities throughout Brule, Bon Homme, Charles Mix, Douglas, Gregory, and Hutchinson counties, and we’re proud to provide financial solutions that support our members' lives and goals.

Unlike larger financial institutions, we keep lending local and personalized. From our Wagner and Platte branches, you’ll receive real support from people who know your name—and your community. We’re here to help you make confident financial decisions with trust, care, and expertise.

Apply Today

Put your home’s equity to work for you with a flexible, affordable HELOC from Fort Randall FCU. Contact us or stop by one of our branches to speak with a loan specialist and get started on your application.