Turn that old garage into your favorite space

With a Logix HELOC

3.49% APR

5.99% APR

Current rate as low as

Apply online with ease

Introductory Rate for 1 Year

4.7 (145)

Looking at a garage conversion?
Look no further.

Get more living space
without moving

Make yourself and your
family happier

Increase your home value by up to 20%

Every home upgrade makes you love your home, but some make you love your home equity. A garage conversion can boost your home value by up to 20%.

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 other loans. Perfect for conversions, renovations or other major expenses!

Borrow up to 80% 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!

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 that works a lot like a credit card.
You can borrow up to 80% 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 80%
of the property value
(*minus current mortgage)

You can take out money for 
5 years and pay interest only installments (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 convert you garage, pay tuition
or just reduce your monthly loan payments - we’re here to help!

Add more living space

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.

Turn that old 
garage into your favorite space

With a Logix HELOC

Add more square
footage to your home

Make yourself and
your family happier

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 other loans. Perfect for conversions, renovations or other major expenses!

Apply online with ease

Borrow up to 80% 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)

Apply online with ease

Logix makes home equity loans easy and fast. Apply online in minutes!

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 80% of your home value (minus the mortgage). Your home is then used as collateral for your line of credit.

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

Apply online with ease

Get more living space
without moving

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.

© 2022 Logix Federal Credit Union. All Rights Reserved.

APR means Annual Percentage Rate. *The Introductory Discounted 3.49% APR (Intro Rate) is fixed for the first 12 months (365 days) after which the rate converts to the then current Prime Rate plus your Margin and is variable and subject to change monthly. The 3.49% APR Intro Rate is not available on the Logix 80/10/10 mortgage loan program.

The PrimeLine Variable Rate Home Equity Line of Credit (HELOC) current 5.99% APR, which is accurate as of 9/9/2022 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 $500,000. 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. Closing costs on credit limits in excess of $250,000 range from $1,500 to $2,000 based on amount borrowed. Attorney's fees apply in MD, VA, NH, ME and MA and range from $300 to $700. 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.

9/9/2022 Prime Rate Index 5.99%

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 

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

Calculate your line of credit

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.

Increase your home
value by up to 20%

Every home upgrade makes you love your home, but some make you love your home equity. A garage conversion can boost your home value by up to 20%.

Apply online with ease

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