Home Equity Line of Credit (HELOC) — Municipal Credit Union is a home equity line of credit from Municipal Credit Union. The ongoing APR is introductory 6.25% fixed APR for the first 12 months; introductory 5.99% fixed APR for the first 12 months with a minimum loan amount of $100,000; introductory 5.49% fixed APR for the first 12 months with a minimum loan amount of $100,000; plus a margin between 0% and 4% based on creditworthiness; maximum ceiling of 18.00%. Typical credit limit: Receive a line of credit up to $500,000. Loan terms: 10-year draw period. Monthly payments will be interest only; 20-year repayment term after the 10-year draw period.