Home Equity Plus Line of Credit

Build something new, refinish something old, or buy something you have always wanted. With DuTrac’s Home Equity Plus Line of Credit, building a strong foundation for your future is a lot easier to accomplish with the right tools.


“FALL” into a low, variable rate* AND up to $300 off closing costs.

*Low, variable rate is DuTrac’s Home Equity Plus Line of Credit (HELOC) standard rate, currently 4.99% APR is best standard rate, which is based on the current 13-week Treasury Bill index. Rates may vary after this account is opened based on changes in the 13-week Treasury Bill index. Maximum rate of 18% APR. The “$300 off closing costs” promotion requires a minimum line of credit equal to or greater than $15,000 (minimum monthly payment amount for a $15,000 line of credit based on best rate of 4.99% APR equals $160) with direct deposit to a DuTrac checking account with auto pay to your HELOC. New lines of credit only. A fee for appraisal may be required and can average between $150-$450. Property insurance is required. Some restrictions and credit qualifications apply. Finance charges begin to accrue on the day a draw is taken. No grace period applies. Membership is required by opening a $5.00 share savings account. Not valid for refinanced or existing home equity lines of credit with DuTrac. Not valid with any other offers. Offer expires December 31, 2018.

The Home Equity Plus Line of Credit includes:

  • A one-time application
  • Access to your line of credit 24 hours a day, seven days a week
  • A low, variable interest rate
  • A 10-year draw period without re-qualifying
  • Repayment terms up to 15 years
  • Automatic payments and direct deposit

If you would like further information regarding DuTrac’s home equity options, please contact a financial services consultant by email at members@dutrac.org, by phone at (563) 582.1331 or (800) 475.1331, or stop into any of DuTrac’s convenient locations.

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