Flexible Home Equity Line of Credit Loan (HELOC) in Denver, CO
Your home in the Denver metro area has worked hard to build equity — now it can work even harder for you. Whether you’re refreshing your Wash Park bungalow or paying tuition, your HELOC gives you flexible access to funds when you need them.
Local expertise
Talk with Westerra Credit Union loan specialists who understand how Denver‑area members use their homes' equity.
Flexible access to funds
Borrow what you need during the draw period and repay as you go.
Competitive variable rates
Keep borrowing with manageable with rates tailored to the Denver market.
A Colorado‑focused way to use your home’s equity
Use your home’s equity to support life in the Denver area.
Straightforward terms you can feel confident about
Support at every step from Westerra Credit Union loan specialists
Membership that reinvests in local schools and Colorado communities
Our home equity line of credit gives Denver members options that fit different projects, timelines and payment styles.
Choose your payment style: Start with interest‑only payments to keep monthly costs low, or lock in a fixed rate for up to 20 years when you want predictable payments.
Plan ahead with fixed‑rate segments: Advance up to three segments, each with its own rate and term — a helpful way to keep big Denver home projects steady while staying flexible for what comes next.
Borrow, repay and borrow again: Expenses in Denver rarely happen all at once. Your home equity line of credit lets you access funds during the draw period without restarting your loan.
Access funds easily for 10 years: There’s no need to reapply. Your line stays open for 10 years, then moves into a 10‑year repayment phase with no balloon payment so you can pay down your balance in a manageable way.
When a home equity line of credit makes sense for your goals
A home equity line of credit from Westerra Credit Union can be a helpful option when you want financial flexibility instead of a one‑time lump‑sum loan. If your plans come in stages or you want a safety net for expenses you don’t expect, a home equity line of credit gives you control over how and when you borrow — in a way that fits life in the Denver area.
Using a home equity line of credit in Denver
Your home equity line of credit can be used for almost anything that matters to you. Many members in the Denver area use their HELOCs for home improvements, tuition or major purchases. With competitive Colorado HELOC rates and interest‑only payment options during the draw period, you can borrow confidently and keep your plans moving forward. You pay interest only on the amount you use — giving you flexibility for both planned and unexpected needs.
Estimate your HELOC options in just a few clicks
Leverage Your Home Equity for Greater Success
As a trusted provider of home equity lines of credit in the Denver area, Westerra Credit Union offers local insight and a member‑centric experience. Whether you’re planning a major home renovation or preparing for your next big life moment, a home equity line of credit gives you flexible access to funds in a way that grows with your goals.
Home equity line of credit in Denver, CO FAQs
A home equity line of credit (HELOC) lets you borrow against the equity you’ve built in your home over time. With Westerra Credit Union, you can access funds during the draw period as you need them, make payments based on what you’ve used, then move into a repayment phase with predictable monthly payments. It’s designed to give you flexibility for the way life happens in the Denver area.
Many members use a HELOC for home improvements, education expenses or major purchases. You can use your HELOC for almost anything that matters to you. You only pay interest on the amount you actually borrow, which can help you manage both planned and unexpected costs.
When you open a home equity line of credit with Westerra Credit Union, you get local guidance and competitive rates from a Colorado‑based financial cooperative. Decisions are made locally, and your membership helps support area schools and community programs. You get digital banking tools that make it easy to manage your HELOC from home or on the go.
A HELOC in is a revolving credit line, from which you can borrow, repay and borrow again during the draw period. A home equity loan provides a one‑time lump sum with a fixed payment schedule. Some members prefer a home equity line of credit when expenses are spread out over time, while a home equity loan may fit better if you have a single, defined cost.
You can get started with a home equity line of credit by scheduling an appointment with a Westerra Credit Union loan specialist, calling in or beginning your application online. We’ll review your goals; share details about rates, payment options and the draw period and help you understand how a HELOC fits into your broader financial plan.
There are standard qualification factors for a HELOC such as your home’s equity, credit history and overall financial picture. A Westerra Credit Union loan specialist can walk you through the details and help you understand what to expect based on your situation.
With a home equity line of credit (HELOC) you’ll have a 10-year draw period during which you can access funds as needed. During this time, you can borrow, repay and borrow again up to your available credit limit. After the draw period ends, the loan enters a 10-year repayment period, during which you’ll make regular payments to pay down the remaining balance.
***RATE INFORMATION: 1/14/2026
The Annual Percentage Rate (APR) may change on the first day of each month. The variable rate will adjust on the first day of the month following a rate change and will be the Prime Rate as published in the Money Rates section of the Wall Street Journal plus a margin based on your creditworthiness and combined loan‑to‑value at the time of application. The margin you receive will depend on your creditworthiness and the amount of equity in your property. There is no limit on the amount by which the APR may change during any one‑year period. The maximum APR that can apply is 18.0%, or the maximum permitted by law, whichever is less. A minimum APR will apply to this plan. A representative minimum APR of 4.0% has been used in the payment examples throughout this disclosure. The specific minimum APR applicable to your plan will be disclosed on the HELOC Addendum when you establish your plan. The floor rate is 4.49% APR. APR for fixed‑rate advances of $5,000 or more will be set at the time you agree to a fixed‑rate advance and is based on the term and the original application. This fixed rate will remain in effect for the full term of the fixed‑rate subaccount, which cannot exceed the term of the loan.
**CLOSING COSTS: Closing costs are waived for loan amounts $150,000 or less and apply to owner‑occupied loans only.
FEES AND CHARGES: You must pay certain fees to third parties to open the plan. These fees generally range from $200.00 to $2,000.00. Upon request, we will provide an itemization of the third‑party fees you will be required to pay. If an appraisal is required, an appraisal fee will be assessed. Other loan closing costs may range from $175 to $275.
