Your home’s equity can be the key to unlocking the door to new possibilities.
Act Now and Save! – Apply by June 30, 2025, and USPS FCU will pay your closing costs — up to $3,500!*
- Home Improvements and Renovations
- Debt Consolidation
- Education Expenses
- Emergency Funds
- Life’s Big Moments
The possibilities are endless with a USPS FCU Home Equity Line of Credit (HELOC), you can access the funds you need at competitive rates and with flexible terms.
Why Choose a USPS FCU HELOC?
Competitive Rates
The interest rate for a Home Equity Line of Credit is based on the current Prime Rate as published in the Wall Street Journal. If the Prime Rate changes, your rate will be adjusted effective the month following the rate change. The interest rate you pay will never be more than 12% or fall below 3.25%.
Flexible Terms
Payments are based on the amount drawn from your credit line, not on your total available line of credit. You can borrow as much or as little as you need during the draw period, and you only pay interest on what you use.
Convenient Access
It’s easy to access your Home Equity Line of Credit when you have a USPS FCU checking account, VISA debit card, and Virtual Branch home banking To easily access your line of credit simply transfer funds from your line of credit to your checking account through our 24/7 services such as Virtual Branch or QUE Telephone Teller, then you can use your VISA debit card or write a personal check.
How it Works
A HELOC works like a credit card — you can borrow as much or as little as you need during the draw period, and you only pay interest on what you use. Borrow up to 90%* of the current appraised value of your primary residence, minus your First Mortgage balance. With a Home Equity Line of Credit, you can borrow as little as $10,000 up to $200,000.**
Home Equity Line of Credit Application
*USPS FCU will pay closing costs up to $3,500.00, offer expires 6/1/2025. Click here for rates, fees, and other cost information as applicable.
**Your loan must close, be set up on your Credit Union account, and remain open for 36 months, or you will be responsible for reimbursing the Credit Union for all closing costs incurred by the Credit Union, including the cost of an appraisal. These costs can range between $1,000 – $3,500 depending on the specific loan terms and agreements.
† Important Information:
- Home Equity Lines of Credit are not available in Texas, Puerto Rico or the Virgin Islands.
Maximum LTV (loan-to-value) ratio is 90%. LTV and loan amount is based on the applicant’s credit history. - Appraisal and Title Insurance required.
- Property Insurance required. Flood Insurance may be required, depending on the location of the property.
- No annual fee.
- Closing costs can vary based on the location of the property and the amount of the Loan. For loan amounts of $100,000, closing costs typically range between $800 and $2,800.
- USPS FCU must be in a first1 or second lien position on the deed of the collateral held for any USPS FCU Home Equity Line of Credit.
- Consult a tax advisor about the deductibility of interest.
- Other restrictions may apply.
1 Restrictions apply to first-lien positions on Home Equity Line of Credit. Contact the Home Equity Department before applying to receive additional information.
Secure and Fair Enforcement for Mortgage Licensing Act
The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act), requires credit union mortgage loan originators and their employing institutions to register with the Nationwide Mortgage Licensing System & Registry (NMLS). A listing of the mortgage loan originators of U. S. Postal Service Federal Credit Union can be found below:
- Arthur Turcotte – 608040
- Arman Aram – 664974
- Connie Parham – 608039
- Cinthia Smith – 715472
- DeAnna Spanos – 784807
- Edward Jones – 617743
- Federico Cura – 2305562
- Jill Schaeffer – 2588063
- Joe Chinchilla – 1597974
- Kerri Dulaney – 1099612
- Karen Payne – 2567779
- Michele Waters – 1652416
- Rhonda Olive – 2537825
- Shannon Willard – 1111408
- U. S. Postal Service Federal Credit Union – 501858
If there are any questions, please call 800-877-7328 or visit the Mortgage Licensing System & Registry Consumer Site at www.nmlsconsumeraccess.org.
The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at 800-877-7328 regarding the locations where HMDA data may be inspected.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.