Use a home equity line of credit for just about anything.

Renovations. Vacations. A home equity line of credit (HELOC) makes it all more affordable.

You probably know you can borrow money from your home’s available equity. But what exactly can you borrow money for? The possibilities are endless. Here are a few options:

  • Add value to your home by remodeling your kitchen or adding a bathroom.
  • Help your child with tuition and college expenses.
  • Pay for your child's wedding expenses.
  • Purchase a new vehicle.
  • Go green and enhance your landscaping.
  • Take that all-inclusive vacation you've been waiting for.
  • Consolidate other high-interest debts.


A HELOC from Purdue Federal can help you do any of these things and more. It offers:

  • Competitive Closing Costs
  • No Prepayment Penalties
  • No Minimum Draw at Closing
  • Interest-Only Payment 
  • Make Payments Directly to Purdue Federal


So, what do you need to apply?

  • Verifiable Income
  • Unexpired Government-Issued ID
  • Social Security Number
  • Loan Amount
  • Estimated Value of Your Home
  • Primary Savings Account

Purdue Federal Credit Union serves members worldwide and operates branches throughout Greater Lafayette, Crown Point and La Porte, Indiana.

Ratings & Reviews

100% of members recommend this product.

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Would recommend to a friend

Fast, easy and friendly.Read More
Written on 7/12/2013 by Softset
Member since 1995 | Lafayette, IN
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Would recommend to a friend

Great service!Read More
Written on 7/18/2013 by Stud
Member since 2002 |
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NOTICE: Current credit freezes you MAY have placed on one of the following bureaus – ExperianEquifax or TransUnion – will delay processing of your loan application. To avoid this delay, consider temporarily lifting all credit freezes.
 
Subject to credit approval. Financing up to 100% loan/value financing available at different rates. The Home Equity Line of Credit rate cannot be increased more than 6% over the original rate during the life of the loan. Membership eligibility required.

Primary Residence Only

 
Please visit the Nationwide Mortgage Licensing System (NMLS) to review the registered status of Purdue Federal employees.