Home Equity Line of Credit

Use your valuable home equity to make home improvements, pay for college, consolidate bills, or for any other good reason with a home equity loan. You’ll get a low interest rate and access to more money than with an unsecured loan. You may also be able to take advantage of certain tax savings, just ask your tax professional.

HELP Loan

  • Line of credit up to $100,000
  • NO closing costs
  • Borrow up to 90% loan to value, less existing liens
  • Minimum advance is $250
  • Once limit is established, future advances are just a phone call or convenience check away
  • There is no prepayment penalty for early payoff
  • Interest may be tax deductible (consult with your tax advisor regarding the deductibility of interest)
  • During the draw period, you may keep the credit line open even if it has a zero balance
  • Excellent choice for members who want ongoing access to funds

Interested in a home equity loan? Apply now!!

Mortgage Loan Originator (MLO) #s
684249 Lindsey Roten
684251 Sheral Williams Graves

How do I apply for a loan with ElecTel?

House in the evening time

Online

The fastest, most secure way to apply for a
loan is on our Online Loan Application page

Fax

Print the online application, and then fax it to
1-919-876-8018.

Phone

Call us at 1-800-849-5600 and a loan officer will take your
loan application over the phone during normal business hours.