Alliant Home Equity Line of Credit (HELOC)

The credit line of your HELOC is based on how much equity you’ve built in your home and other factors. If you’re a homeowner who has years of mortgage payments behind you, you’ve likely built up a significant amount of equity. With a HELOC, you can use that equity as collateral to get a line of credit for home improvements, debt consolidation, educational expenses and more or for the peace of mind of knowing you have a readily accessible safety net for emergencies or unexpected expenses.

Draw period. You can spend against your line of credit for the first 10 years, known as the initial draw period. During that time, your payments will be interest-only and are based on only what you’ve borrowed (you don’t pay on your entire credit limit). As you pay down your balance, the amount you’ve paid off becomes available for use again.

Repayment period. After that 10-year draw period is the repayment period, which is typically 20 years. During the repayment period, you’ll pay both principal and interest, so your payments may be higher than during the draw phase.

Rates. HELOCs are issued at a variable rate of interest, meaning your interest rate can change over the life of your credit line. While your rate can change, there is a rate minimum, or floor, as well as a maximum rate cap over the life of your loan.

Everybody has unexpected expenses or cash shortfalls sometimes. Or maybe you want to consolidate high-interest debts, complete home improvements, or make a large purchase. Instead of emptying your savings accounts or cashing in stocks or other investments, you can use the equity in your home to open an Alliant Home Equity Line of Credit (HELOC). Alliant HELOCs have low interest rates and the flexibility of low monthly payments, too.

The amount of equity you currently have in your home will determine your Home Equity Line of Credit (HELOC) limit. You must retain at least 15% of the value of the equity in your home (sometimes referred to as a 85% LTV maximum). You can make a ballpark estimate of your HELOC maximum by calculating what 85% of your home’s value is, then subtracting your existing mortgage balance(s) from that number.

Yes! You can pay more than your minimum monthly payment to pay back your loan faster. In fact, it’s a smart money move to do so, as you’ll save on the interest you pay over the course of your loan! And Alliant won’t penalize you for paying back your loan earlier than scheduled.

You can transfer money from your HELOC in Alliant online banking, our mobile app or by phone.

After logging in to Alliant online banking:

Click into your HELOC account.
Select the Manage Account tab.
Click Order Checks.
Select your HELOC account from the account dropdown and press the Continue button.
Follow the prompts to select your preferred check layout and shipping options.

1. Fixed Introductory Rate Offer Availability. The fixed introductory rate offer is available on new applications received from 03/16/2026 through 12/31/2026. The introductory rate on new HELOCs is good for 6 months from the date of origination. No member or other discounts are available during the fixed rate introductory period.

Variable Rate Information After Introductory Period. The Annual Percentage Rate (APR) is a variable rate. Your qualifying rate may adjust monthly and is based on the highest Prime Rate as published in The Wall Street Journal as of the date of any rate adjustment plus or minus a margin. The APR range is from 6.75% to 16.00% with automatic payment from an Alliant account. Loans without automatic payment selection from an Alliant Credit Union account are subject to an increase in rate and margin of 0.25%.

2. Home Equity Line of Credit Availability. Home equity products are available in the following states: AZ, CA, CO, CT, FL, GA, HI, IL, IN, KY, MA, MI, MN, MO, NC, NJ, NV, NY, OH, PA, TN, UT, VA, WA, WI and Washington, D.C. Maximum loan to value of up to 85% depending on state in which the property is located and credit worthiness. The following states are limited to a maximum of 80% CLTV: AZ, CA, CO, FL, GA, IN, MI, MO, NC, NV, TN, UT. The minimum loan amount is $10,000. The minimum loan amount is $25,001 in WI and Washington, D.C. HELOC loans available on 1-to-2-unit, owner-occupied dwellings. Loans subject to credit approval, which includes verification of application information and receipt of collateral documents. Rates and closing costs are subject to credit qualifications and state requirements. Initial rate is based on loan amount, loan to value and credit history. We may not extend credit to you if you do not meet Alliant criteria. Rates, terms, and conditions subject to change. Other restrictions may apply.

Costs of a Home Equity Line of Credit. No closing costs (excluding applicant-requested appraisals, state fees/taxes, and notary fees) on Home Equity Line of Credit (HELOC) loans up to $250,000 and meeting Alliant criteria. A fee(s) of up to $1,000 is applied to HELOC loans more than $250,000. Costs to satisfy certain prior liens may be assessed. If the state and/or county in which the collateral is located charges additional fees and taxes, the borrower will be responsible for payment regardless of loan size. Fees and taxes vary by state. Property insurance is required. Flood insurance may be required. We will require a full appraisal, at applicant's expense, in the event your property is in a FEMA-deemed natural disaster area. The Annual Fee of $50 will be waived the first year but will be assessed in subsequent years. You will incur the Annual Fee even if you don't have a balance. A $200 termination fee may be applied to a HELOC cancelled or closed by the borrower within 36 months of origination to reimburse us for fees we may have paid on your behalf to third parties. Refinancing of Alliant home equity products available; a $250 refinance fee on loans that do not increase the credit limit by $10,000 or more. See loan agreement for additional fee details. Minimum payment will not repay principal, which will result in a higher principal and interest payment at the end of the 10-year draw period.

Subject to Credit Approval. All new accounts and loans are subject to approval. All loans are subject to Alliant Credit Union lending policies. Under certain circumstances—for example, if we cannot verify your income, or if any accounts are past due, over limit or if other underwriting criteria are not met—we may not be able to open a loan account for you, in which case you will be notified. Responding to this offer is not a guarantee of approval.

Use of Automated Value Models. Alliant estimates the value of your home using Automated Value Models (AVMs) which are based on local real estate data. In rare cases where Alliant is not able to establish a value for your property through an AVM, an appraisal can be ordered at the applicant's expense to determine the estimated property value for lending purposes.

Promotional Offers Subject to Change. Promotional offers are subject to change. Alliant Credit Union may discontinue Introductory Rate Home Equity Line of Credit offers without notice, regardless of originally advertised offer period dates.

Please consult with an Alliant Loan Consultant at 1-800-328-1935 ext.2570 for more information on an Alliant Home Equity Line of Credit.

3. $2,200 first year savings estimate is a hypothetical example based on market data as of 5/11/2026 and assumes a $100,000 interest only HELOC balance. Comparison of 5 of the largest US national bank HELOC rates, with average HELOC rate of 7.75% APR versus an Alliant HELOC with a 3.99% introductory APR for 6 months and a 6.75% variable APR thereafter. Data sources include Curinos and publicly disclosed information on lenders’ websites. Actual savings will vary and are not guaranteed.