Home Equity Line of Credit (HELOC) - NET Credit Union
(570) 961-5300

Home Equity Line of Credit (HELOC)

Finance your home improvement project or big
expenses by tapping into the equity of your home.

Apply for LoanView Rates

Home Equity Line of Credit.

Finance your home improvement project or big expenses by tapping into the equity of your home.

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Close in 5 Days!*

No Appraisal Fee Icon

No Appraisal Fee**

No Closing Cost Icon

No Closing Cost

No Application Fee Icon

No Application Fee

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No Pre- Payment Penalties

Take advantage of the equity you’ve built in your home to tackle that next big home remodel project or make quarterly tuition payments. A NET home equity line of credit is an open line of credit that can be used and paid down on an ongoing basis. It’s a flexible solution to meeting your changing needs over time and can be used to finance just about anything. A home equity line of credit is also great to have in case of an emergency. It’s the ideal solution when you need money staggered over a period of time, such as paying ongoing wedding expenses or financing an extensive home renovation project that may take a couple of years to complete. A HELOC enables you to borrow the specific amount of money you need when you need it. Applying is easy.

Using A Home Equity Line of Credit

  • Home improvement projects
  • Consolidating debt
  • Major purchases
  • Tuition and education costs
  • Vacation
  • Medical expenses
  • Wedding expenses
  • Vehicle purchases
  • Much more!

Types of Home Equity Lines of Credit

Variable Rate


  • Variable draw period up to 7 years
  • No minimum draw

Fixed Rates


  • 5 year, with a 3 year draw
  • 10, 15, 20 year term with a 7 year draw
  • No minimum draw

Benefits of NET’s HELOC

  • Close in just 5 days!*
  • Competitively low, variable or fixed interest rates.
  • Borrow up to 80% of your home’s appraised value.
  • Ideal for managing ongoing expenses, such as home improvement projects, tuition costs, debt consolidation, medical bills and life events including wedding expenses, vacations and much more.
  • Flexibility of revolving line of credit enables you to use only the money you need, when you need it.
  • Flexible terms.
  • No prepayment penalties.
  • No closing costs and no appraisal fee**.
  • Interest paid may be tax deductible depending on the use of the funds. (Consult your tax advisor.)
  • Take advance from Digital Banking
  • Credit Cards are available to withdraw directly from your loan. – Request Credit Card
  • Checks are available to withdraw funds. – Request Checks
New kitchen

Just imagine the possibilities. Apply online at the link above or stop into any of our branch locations.

Tell us your goals, and we’ll offer the best solution.

Speak to a NET loan representative today by calling 570-961-5300.

Raise your credit score before applying
NET can help you raise your credit score so you can have the best rates possible!

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Easier Access to Funds

Easier Access to Funds and include HELOC Credit Cards, Checks and Digital Banking.

A HELOC Visa Credit Card or Check will link directly to your Home Equity Line of Credit Loan Account allowing for more flexibility with purchases related to your loan. This means you can now pay your bills directly without having to contact us to have your funds dispersed!

You must have an active HELOC Loan to recieve a HELOC credit card or checks. Still need to apply? Click here.

Order HELOC Credit Card or Checks


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Reach Us

Our headquarters are here in Scranton; but with our ATM network, digital banking and mobile app – we’re conveniently where you need us.

119 Mulberry Street
Scranton, PA 18503



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All loans subject to approval. Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications.

*Five (5) day timeframe begins the day we receive your completed application.   Closing delays may occur if:   Documents required for closing are not completed within timeframes established by the Credit Union, the property value cannot be readily determined,  events beyond the control of the Credit Union or the loan cannot be closed electronically.

**Member may be charged an appraisal fee. Terms and conditions apply. Speak to the Loan Department for details.