Home Equity Line of Credit Promo | Metro Credit Union - Omaha, NE

Home Equity Line of Credit (HELOC)

Planning a dream vacation, home remodel or something else?

Make use of your home’s equity today!


A Home Equity Line of Credit allows you to borrow money against the portion of your home that you own (i.e. equity); the amount your home is currently valued at, minus the amount you have left on your mortgage and other existing liens. Once approved, your HELOC loan works like a revolving line of credit.


You can borrow when you want for as much as you want, up to your credit limit, and pay your balance down monthly, with no penalty for early payoff. A fixed rate HELOC is a 15-year loan, with a draw period up to 10 years, giving you the remaining time to pay off the balance.


Unlike other HELOCs, you do not have to draw funds from it to have a fixed rate. You can borrow the money you need at the same rate throughout the draw period. In times when interest rates are likely to rise over the next few years, this option ensures your rate will not increase during the draw period.

For your best rate, always Check with Metro First! 



Financial Calculators

Use these calculators to give yourself an estimate of the equity you may have in your home, and repayment amounts based on the amount you're looking to use.

Home Equity Line of Credit

Line of Credit Payoff

Mortgage Loan Officers

Ready to get the process started? Reach out to one of our Mortgage Officers

Bobby Miles

Bobby Miles
Mortgage Loan Originator
MLO Identifier: 964470

Phone: 402-552-7179
Email: bobbym@metrofcu.org

Vanessa Patino

Vanessa Fuentes
Mortgage Loan Originator
MLO Identifier: 1536151

Phone: 402-552-7138
Email: vanessaf@metrofcu.org
Hablo Español

Zach Novak

Zach Novak
Mortgage Loan Originator
MLO Identifier: 1705911

Phone: 402-552-7145
Email: zachn@metrofcu.org

*For well-qualified borrowers, the Fixed Rate HELOC offers a 5.75% APR throughout the 5-year draw period on the revolving balance. After 60 months, the rate becomes variable and is tied to the Prime Rate as published in the WSJ. As of March 11, 2024, the Prime Rate is 8.50%, and the lowest variable rate is the floor rate of 5.00% (with a maximum APR of 15.00%). All rates mentioned are accurate as of March 11, 2024, and are subject to change without notice.

Advertised APR is based on an 80% CLTV, owner-occupied single-family residence, and qualifying credit. Higher APRs may apply for different terms.

Advertised rates include a 0.50% discount when you use automatic payments. If, for any reason, automatic payments stop during your HELOC, you will lose the 0.50% rate reduction, leading to a 0.50% increase in the APR. If you choose not to enroll in automatic payments, your rates will start 0.50% higher than advertised.

A $250 processing fee and appraisal fees up to $600 may apply. A balloon payment may be required at the end of the repayment period if the entire outstanding balance is not paid in full. Other restrictions may apply. The minimum credit line is $10,000.

Membership in Metro Credit Union is required.

Metro Credit Union- Your Local Advantage ®

Apply Now

If you are currently a Metro member, please select “Current Member Application” and log into our online banking platform.  If you are a non-member, please select “New Member Application” to apply.