Get more living space for
your family or guests.

Our HELOC makes it easy!

Apply online with ease

4.7 (145)

Looking to finance your ADU? 
We’ve got you covered.

Get more living space without moving

Make yourself and your
family happier

Increase your home value and income potential

Building an ADU can be a smart move! It may increase your property value, but also lets you earn extra monthly income when rented. This way your ADU investment could pay itself!

Enjoy the peace of mind that comes
with a smart source of cash

With a Logix Home Equity Line of Credit, you’ll have a flexible source of cash with a lower interest rate compared to credit cards or personal loans. Perfect for renovations or other major expenses!

Borrow up to 70% of your combined
loan-to-value for up to 15 years

Don’t worry about points, closing
costs or annual fees (on loans up to $250,000)

Enjoy one of the lowest introductory
rates and APRs on the market

Pay low “interest only” minimum
monthly payments (Balloon Payment at maturity) 

Get access to your funds when you need them

Interest may be tax-deductible (consult with your tax advisor)

You’ll love banking with us, too!

Apply online in minutes!

Logix makes home equity loans easy and fast. Apply online in minutes, get extra funds in as soon as a few days. With the increase in property values and applications rising every month, even more applications are getting approved.

Verify your income and assets

Get a timely loan decision

The first step is a quick intro, where you tell us a little about yourself, your home, and your financial needs.

We’ve automated the income and assets verification so you can add them in just a few clicks!

You’re almost there! Our loan officer will get your application verified in no time. Need any help? Get in touch

Tell us about yourself

Apply online with ease

A home equity line of credit works a lot like a credit card. You can borrow up
to 70% of your home value (*minus the mortgage). Your home is then used
as collateral for your line of credit.

How does a Home Equity Line of Credit work?

You can borrow up to 70%
of the property value
(*minus current mortgage)

You can take out money for 
5 years and pay interest only instalments (Draw period)

You have 10 years (15 years combined) to then pay off the loan (Repayment period)

One Loan for Multiple Goals

Whether you want to renovate, pay tuition
or just consolidate and reduce your monthly loan payments - we’re here to help!

Improve your home

From handy home offices to extra bedrooms, guesthouses and even movie theatres, the possibilities are endless!

Pay for major expenses

Consolidate your debt

You can use your money for anything you wish, like college tuition, a new car, or that
long-deserved holiday! 

With a home equity line of credit, you’ll have a flexible source of cash with a lower interest rate than credit cards or other loans. 

Frequently Asked Questions

Am I eligible for a home equity line of credit?

Q:

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A:

Q:

How much can I borrow from my home equity?

A:

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Q:

How can I access the funds?

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A:

Q:

How do I make a payment to my home equity line of credit?

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A:

Q:

Are there any additional fees?

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A:

We’re here to help

If you have any questions about our home equity loans, we can help. Fill in the form below and we’ll be in touch with you soon.

Our HELOC makes it easy!

Add more square
footage to your home

Make yourself and
your family happier

Apply online with ease

Increase your home
value by up to 20%

Garage conversion can boost your home value by up to 20%, while being less prone to planning complications than extensions.

Enjoy the peace of mind that comes with a smart source of cash

With a Logix Home Equity Line of Credit, you’ll have a flexible source of cash with a lower interest rate than credit cards or personal loans. Perfect for renovations or other major expenses!

Increase your home value
and income potential

Building an ADU can be a smart move! It may increase your property value, but also lets you earn extra monthly income when rented. This way your ADU investment could pay for itself!

Borrow up to 70% of your combined loan-to-value for up to 15 years

Pay low “interest only” 
minimum monthly payments (Balloon Payment at maturity)

Don’t worry about points, closing costs or annual fees (on loans up to $250,000)

Get access to your funds when you need them

Enjoy one of the lowest introductory rates and APRs on the market

Interest may be tax-deductible (consult with your tax advisor)

Logix makes home equity loans easy and fast. Apply online in minutes, get extra funds in days! With home values rising every month, even more applications are getting approved.

How to apply for a garage conversion loan?

Logix makes home equity loans easy and fast. Apply online in minutes, get extra funds in days! With home values rising every month, even more applications are getting approved.

Verify your income and assets

Get a timely loan decision

The first step is a quick intro, where you tell us a little about yourself, your home, and your financial needs.

We’ve automated the income and assets processing so you can add them in just a few clicks!

You’re almost there! Our loan officer will get your application verified in no time. Need any help? Get in touch

Tell us about yourself

Apply online with ease

Logix makes home equity loans easy and fast. Apply online in minutes, get extra funds in days! With home values rising every month, even more applications are getting approved.

How does a Home Equity Line of Credit work?

A home equity line of credit works a lot like a credit card. You can borrow up to 70% of your home value (*minus the mortgage). Your home is then used as collateral for your line of credit.

Whether you want to renovate, pay tuition or just consolidate and reduce your monthly loan payments - we’re here to help!

Get more living space
without moving

NMLS ID 503781. Federally Insured by NCUA

© 2021 Logix Federal Credit Union. All Rights Reserved.

Current rate as low as

Get more living space for your family or guests.

Current rate
as low as

8.99% APR

Looking to finance your ADU? We’ve got you covered.

Introductory Rate for 1 Year

8.99% APR

© 2023 Logix Federal Credit Union. 
All Rights Reserved.

APR means Annual Percentage Rate.

The PrimeLine Variable Rate Home Equity Line of Credit (HELOC) current 8.99% APR, which is accurate as of 7/27/2023 and is subject to change, is our best rate based on creditworthiness, credit score, and maximum combined loan-to-value (CLTV) of 70%. The rate is variable, is subject to change monthly, and may increase after consummation. Maximum APR 18%. Loan Term is 15 years. Minimum interest-only monthly payment results in a Balloon payment at maturity. Minimum credit limit is $25,000; Maximum $250,000. Property Insurance and a lien is required on the subject property. No closing costs if credit limit is $250,000 or less and HELOC is not closed within the first 36 months. Additional state-related taxes and fees may apply. Consult your tax advisor regarding deductibility of interest..

The PrimeLine Variable-Rate Home Equity Line of Credit is available only on owner-occupied property located in CA, MD, NV, NH, VA, MA or ME.

7/27/2023 Prime Rate Index 8.50%

City and county ordinances may require that you obtain specific permits and/or licenses for a garage conversion or major renovation (including an Accessory Dwelling Unit [ADU]) which may require you to pay fees to those particular agencies to obtain the necessary permits. Establishing a properly permitted conversion, renovation and/or ADUs is important for a variety of reasons, including if you later decide to sell your home. It's important that you research the permit requirements of your particular city and county to ensure that that your conversion, renovation or ADU meets the necessary government agency requirements.

Logix Smarter Banking is a registered trademark of Logix Federal Credit Union. Logix membership required. NMLS ID 503781 

© 2023 Logix Federal Credit Union. All Rights Reserved.

Great HELOC experience

I applied for a HELOC and had a great experience from the start to finish. I was told it would be 45-60 days but mine was completed in 3 weeks.

Christian

Easy and professional

It was a simple process. Loan counsellor was professional, friendly and knowledgeable. This equity loan freed up some cash for several home improvements.

Betty

Extremely Helpful

The person assigned to my loan request walked me through the steps and got my loan wrapped up in a matter of a day. Great customer service!

Jeff

Easy and professional

 It was a simple process. Loan counsellor was professional, friendly and knowledgeable. This equity loan freed up some cash for several home improvements.

Betty

Extremely Helpful

The person assigned to my loan request walked me through the steps and got my loan wrapped up in a matter of a day. Great customer service!

Jeff

Great HELOC experience

I applied for a HELOC and had a great experience from the start to finish. I was told it would be 45-60 days but mine was completed in 3 weeks.

Christian

The best offer

 I searched with at least 8 other credit unions. This was the best deal, not only long term but also with the introductory offer and waiving any initial fees.

Michael

Awesome customer service!

I had a great experience when applying for my loan. Paul, who helped me did an amazing job at explaining everything.

Mayra

Easy and fast

Their online banking is awesome. The staff that assisted us through the process were incredible. So much so that we moved our entire banking relationship to Logix.

Doug

If you have any questions about our home equity loans, we can help. 
Fill in the form below and we’ll be in touch with you soon.

Wondering how much you can borrow?

Get in touch with us for an estimate of your eligible Logix Home Equity Line of Credit.

Request an estimate

Wondering how much you can borrow?

Get in touch with us for an estimate of your eligible Logix Home Equity Line of Credit.

Request an estimate

Guest house, pool house, granny flat, carriage house, in-law unit, backyard house, casita, AirBnB - an ADU (accessory dwelling unit) goes by many names, but no matter what you call it, your existing home equity can help pay for it!

Guest house, pool house, granny flat, carriage house, in-law unit, backyard house, casita, AirBnB - an ADU (accessory dwelling unit) goes by many names, but no matter what you call it, your existing home equity can help pay for it!