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Austin, TX 78708
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Home Equity Lines of Credit (HELOCs) let you borrow again and again

Home equity, when you need it


Texas HELOCs from Amplify Credit Union

Flexible Borrowing


Home equity, when you need it


  |  Borrow, then borrow again

  • Variable rate line of credit that lets you access the available equity in your home1
  • Pay interest only on what you borrow
  • Make interest-only payments during the 10-year draw period; after the draw period, your balance converts to a 10-year installment loan with monthly principle and interest payments
  • No prepayment penalties for paying early or extra toward principal at any time
  • Line of credit available four (4) business days after loan closing
  • Local, personal service and multiple locations across Austin, Round Rock, and Cedar Park

Use this tool to help determine if a Home Equity Line of Credit is right for your needs

Help Me Choose!

Did you know that Amplify also offers great alternatives to a Home Equity Line of Credit? Use this tool to help decide between an equity line of credit and our Homeowner Express loan.


  |  Equity you can access again and again

A Home Equity Line of Credit is great for home improvements in stages

Home Improvement

A Home Equity Line of Credit is a great way to finance home improvement projects in stages over time, and they generally have much lower rates than home improvement store credit cards.

Consolidating payments into a HELOC can help save you money and pay off debt faster

Loan Consolidation

Consolidating your higher interest loan and credit card payments into your HELOC can help you save money and pay off debt faster. Learn how to consolidate debt responsibly with a Home Equity Line of Credit.

Use your HELOC funds for anything

Other Common HELOC Uses

Home Equity Line of Credit funds can be used for anything, but common uses include paying for college or school tuition, medical expenses, new furniture and appliances, and lifestyle upgrades like swimming pools and RVs.


  |  Calculate your payment before you apply

These calculators are for illustrative purposes only, and are based on information provided by the user. Accuracy is not guaranteed. All loans are subject to approval. Your actual APR (“Rates”) and terms may vary.

For Home Equity Loan calculations, the monthly payment calculations reflect only principal and interest, and amounts for taxes and insurance, if applicable, may increase your actual payment. The calculators will display results based on the currently available Rate and/or loan terms.

For Home Equity Line of Credit calculations, the draw period payment is interest-only payment, while the Repayment period payment includes both principal and interest. The calculators will display results based on the currently available APR and/or loan terms.


  |  Get funds as you need them

Rates Effective as of November 8, 2018

As low as 5.00%

Ready to Get Started?


  |  We have answers


Administration Fee $325
Prepayment Penalties NONE
Appraisal Fees NONE

Amplify’s complete Consumer Fee Schedule located HERE.


  |  Because your success is ours

Comparing the similarities and differences between Home Equity Loans and HELOCs

Home Equity Loans vs. HELOCs

Examine the similarities and differences between Home Equity Loans and Home Equity Lines of Credit.

Ideas and information about uses for Home Equity Loans and HELOCs

Uses for Home Equity Loans

From financing big projects to paying for unexpected expenses, read about common home equity loan uses here.

Learn what to consider before applying for a HELOC.

Get Started with a HELOC

Applying for a home equity line of credit? Learn what to consider and where to get information before applying.

Discover 8 HELOC misconceptions and why they're wrong

HELOC Misconceptions

There are some misleading assumptions about a Home Equity Line of Credit. Discover 8 misconceptions and why they're wrong.

1. Under Texas law, the maximum you can borrow with a HELOC is 80% of the fair market value of your home, as long as the combined loan-to-value does not exceed 80% in cases where there is an existing first lien mortgage on the home. A minimum draw amount of $4,000 is required for each advance after the initial $10,000 advance at origination.

2. The home equity line of credit Annual Percentage Rate (APR) is variable and is based on the highest Prime Rate published each month-end in The Wall Street Journal Money Rates Table (the "Index"), +/- a margin based on credit worthiness. The current Index is 5.25%. Maximum APR is 17.90%. This Account has a Draw Period of 10 years, after which you will be required to repay any amounts within a 10-year term. Interest on your HELOC may be tax-deductible – please consult your tax advisor regarding the deductibility of interest. Property Insurance, including flood insurance as needed, is required to be maintained by the borrower. Loans subject to credit approval. All loan rates based on creditworthiness and may vary. Additional terms, conditions, and restrictions may apply. Amplify Membership required. Consult the CFPB's Home Equity Line of Credit booklet as well as the Early HELOC Disclosure for more information. Federally insured by NCUA.

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