Home Equity LOC

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Don't know when you'll need cash, but need to know it's available?
Want the ease of credit without the high rate and fees?
Searching for a way to pay for home improvements?

There are a multitude of ways to strategically use home equity. With a Desert Schools Home Equity Line of Credit, you have the purchase power ready to meet your needs, on your timeline. In addition, the potential tax advantages make this an attractive way to leverage your home's equity.


Home Equity LOC
  • No points, upfront fees or pre-payment penalties1
  • $50 Annual Fee
  • Finance up to $500,0002
  • Competitive variable rate
  • Draw period of 10 years, with 15-year repayment
  • Interest is usually tax deductible3
  • Free Online Banking and PAL
  • Free eStatements and Alerts
Members with a Home Equity Line of Credit may save .25% APR by signing up for eStatements and making automatic payments from their Desert Schools checking account, and may request a home insurance quote from Desert Schools Financial Services.

Income verification may be required. Property must be located in Arizona. First or second lien position allowable. No investment property.
1Closing costs associated with this product are waived, provided the loan is maintained for a minimum of two years. Property insurance is required.
2Minimum loan amount $5,000; maximum 80% loan-to-value.
3Consult your tax adviser regarding your individual tax situation.

Equal Housing Lender Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S.Government Agency. ©2014 Desert Schools Federal Credit Union