Home Equity Line of Credit (HELOC) — State Employees CU is a home equity line of credit from State Employees CU. Application typically pulls a hard report from Equifax. The ongoing APR is 30 year (10 year draw) 80% combined loan to value 6.76% APR, 6.75% variable rate; floor rate of 6.00%. Typical credit limit: Lines up to $250,000. Loan terms: 30 year (10 year draw); 10-year draw with interest-only payments, followed by up-to 20-year repayment period. Your home can be a gift that keeps on giving. Your hard-earned equity can pay off in the form of a home equity line of credit — affordable financing that you can access indefinitely for virtually any purpose. Once you’re approved, there’s no need to reapply.