Start crossing those tasks off of your to-do list No Closing Cost HELOC

Whether you need spare cash for…
  • Home repairs
  • Student loans
  • Taking a vacation
  • Landscaping: Pool, patio, decks, or garden!
  • Any other unexpected expenses


Apply for a Home Equity Line of Credit for a quick access to the equity you already own!

For a limited time apply online or in person for a Home Equity Line of Credit with zero closing costs and no minimum draw. HELOCs can be more cost-effective than a credit card, especially without closing costs! We are here to help you upgrade your home or prioritize your own wellbeing and take that well-earned vacation that you’ve worked so hard for!

Offer valid starting Monday, May 1st.

If you have any questions at all, please fill out the form at the bottom of this page and we will respond quickly.


Home Equity Line of Credit Rates

Effective 5/30/2023

TermRateAnnual Percentage RateMonthly Payment
RevolvingPrime minus 0.25%8.000%1.50% of the outstanding balance, or $100.00, whichever is greater.

Our Home Equity Line of Credit is a variable rate of Prime Minus .25% for the life of the loan.  The rate is adjusted monthly based on Prime as shown in the Wall Street Journal. The prime rate is 8.25% APR* as of 5/04/2023. Hazard Insurance is required. Flood insurance is required where necessary. No minimum initial advance is required. We will lend up to 85% of the appraised value of your home, minus first mortgage. $5,000 minimum for line of credit. Maximum Annual Percentage Rate is 18.00%.


Disclosures: Based on Prime Rates minus .25%. Prime Rate is 8.00% as of 3/22/2023. Rates subject to change monthly. Minimum Payment of $100 or 1.5% of the outstanding balance, whichever is greater. Loan approval subject to Maine Family FCU’s underwriting guidelines. Subject to availability. Only applicable for HELOC applications received after Monday, May 1st, 2023. Promotion subject to end at any time.

Questions about HELOCS?