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home equity line of credit (heloc)

What is a Home Equity Line of Credit (HELOC)?

You can now borrow up to 90% of your home's value!*

apply for a heloc  

A HELOC allows you to utilize the equity (value) of your home as collateral to receive a lower interest rate than a personal loan or credit card. This is a great option for financing larger purchases. Once you're approved for a HELOC, you can utilize the line of credit on your own time whenever and however you need it. Best of all, our HELOC offers a fixed rate, so your locked-in rate won't change! 


HELOC benefits:

How do you qualify for a HELOC?

You must have equity in your home to qualify for a HELOC. This means that the amount you owe on your home is less than what it is worth. 

To find out the value of your home, a great place to start is to look up the tax-assessed value. You can find this info at your county assessor's website:

You can also reach out to a Realtor to perform a market analysis.

Once you apply online, we'll just need your most recent paystub, your most recent mortgage statement, and a copy of your homeowner's insurance declaration page to get started.

​You can use HELOCs for things like:

You can access your HELOC online through Online Banking, give us a call at 509.328.2900 or stop by any of our branches. 

Apply for a home equity line of credit

Applying for a HELOC is easy! Once you’ve submitted an online application, one of our Real Estate Advocates will look through your application and follow-up with your next steps. 



We understand your time is valuable. That’s why, we’ve provided a list of HELOC frequently asked questions so you can find the information you’re looking for. Each situation is different so answers may vary. We’d love to talk with you about your options whenever you’re ready to take the next step! Give us a call at 509.328.2900, send us a text or come visit us.

home equity line of credit or HELOC is a revolving line of credit that uses the equity of your home as collateral. HELOCs are most commonly used when you need access to your home's equity over the next eight years. Whereas, a home equity loan is a close-ended loan. As you pay off a home equity loan, the balance decreases and you receive your funds when you are approved for the loan. Home Equity Loans and HELOCs can be used for home improvement, debt consolidation or other high costs like college tuition.
We do offer a no fee HELOC option. However, if an appraisal is needed there would be an associated fee.
We have a low fixed rate HELOC available depending on your needs. We’d be happy to provide our rates over the phone at 509.328.2900, via webchat or in person! 
You can utilize your HELOC for up to eight years. If you still have a balance at the end of your draw period, don’t worry, we won’t adjust your payments. You’ll continue making your normal payments until the balance is paid off in full.
You can access your funds through Online Banking and make transfers directly from your HELOC to your Canopy checking account or you can give us a call at 509.328.2900 and we can do the transfer for you. You can also visit a Teller Connect Representative to withdraw cash from your HELOC.
You have approximately 15 years to pay off the balance in full.
Not in all instances. The tax assessed value of your home may be enough. If you have further questions, give us a call at 509.328.2900 and we’d be happy to discuss your options!


apply for a heloc

*90% Loan to Value on 2nd position liens only and for qualified borrowers. Maximum borrowing amount: $100,000.

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