Our flexible home equity line of credit will spark your inspiration.


Mix a little bit of imagination with your home’s equity, and you’ll discover amazing possibilities. Desert Schools offers a home equity line of credit that you can use when you need it. Home values have been on the rise, so take advantage of our great rates and tackle that major renovation. We’ll be with you every step of the way.

You’ll enjoy these benefits:

  • No application fees
  • Waived closing costs2
  • Easy access to funds through online banking
  • Promotional rate of 2.74 APR1 for the first 12 months and rates as low as 4.625 APR1 after the first 12 months

So go ahead. Transform your home with a HELOC from Desert Schools. Apply now, visit a branch, or call 602-335-5008.

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1APR= Annual Percentage Rate. Promotion applies only to new HELOCs with a minimum loan amount of $10,000 and a maximum loan-to-value (LTV) of 80%. $50 annual fee applies; waived for Relationship Rewards Prosper members. See Statements of Terms, Conditions, and Disclosures for full Relationship Rewards details. Promotional APR is fixed for initial 12 months of the term. On the first calendar day of the 13th month following loan closing date, APR will convert to the variable rate plan as described in the applicable loan documents. Subsequent APR may vary based on the index rate, plus a margin. Index rate is based on the Prime Rate as published in the Wall Street Journal. On April 1, 2017 that index was 4.00%; resulting APR with a 0.625% margin is 4.625%. Floor rate at the end of the initial 12-month period is 3.50%. APR will never exceed 18.00%. "As low as" rate assumes excellent borrower credit history, loan amounts $75,000 or more, 60% or less Loan-to-Value and includes a .25% discount which requires Relationship Rewards level of Achieve at the time of application. Alternative rates and terms are available. Actual rates and APRs dependent on credit history, type of product, loan term and loan to value (LTV). This line has a 10-year draw period. Minimum monthly payment will be principal and interest amortized over a 15-year repayment term. Eligible property includes single-family, owner-occupied, primary residence and vacation homes (located in AZ only). Property insurance required. Interest may be tax deductible. Consult your tax professional regarding deductibility. Closing costs are waived unless the loan is paid off within the first three years. An estimated range of fees is $200 to $750. All loans subject to credit approval. Not all customers will qualify for this promotional offer. 2Closing costs are waived unless the loan is paid off within the first three years. An estimated range of fees are $200 to $750. Desert Schools Federal Credit Union NMLS ID #509455