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HELOC (Home Equity Line of Credit)

Flexible Funds For All Life's Plans

Unlock the value in your home with a Home Equity Line of Credit (HELOC) designed for now and what is to come.

Apply Now

Start Your HELOC Application Today

HELOC Rates

FICO SCORE
APR*
Max. LTV**
730+
6.75%
90%
680 - 729
7.25%
90%
640 - 679
8.00%
80%
620 - 639
8.50%
80%
Effective Date September 23, 2025

*APR = Annual Percentage Rate.
**Max. LTV = Maximum Loan to Value.
Limitations, qualifications and restrictions apply.

Turn Your Home Equity Into Cash

HELOC Benefits

Allegiance Credit Union’s Home Equity Line of Credit (HELOC) offers Oklahoma homeowners flexible, affordable access to the equity in their homes. Members can borrow what they need, when they need it, and only pay on the amount used. It’s a smart way to fund home improvements, debt consolidation, or major expenses.

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COMPETITIVE RATES

If you're looking for affordable HELOC rates in Oklahoma, Allegiance can help.

LOW CLOSING COSTS

Keep more cash in your pocket with affordable closing costs.

QUICK APPLICATION

Complete your Home Equity Line of Credit application online from the comfort of your home!

FLEXIBLE FUNDING

Access the funds over time and enjoy the freedom to pursue what matters to YOU!

A HELOC Offers Flexible Financing

Make the most of your home’s equity with an Allegiance Credit Union HELOC. Enjoy the flexibility of a revolving line of credit that lets you access money as your project evolves instead of guessing how much you'll need at the beginning.

Home Improvement

A Home Equity Line of Credit (HELOC) is a smart, flexible way to fund home improvements. Whether you're renovating a kitchen, adding a storm shelter, or tackling repairs, a HELOC gives you the freedom to borrow as you go.

  • Finance renovations that increase your home's value.
  • Pay for upgrades over time as needed.
  • Cover both planned and unexpected repair costs.
Apply Now

Debt Consolidation

Consolidate high-interest debt into one manageable monthly payment. A HELOC can help simplify your finances and reduce what you pay in interest over time.

  • Combine multiple debts into one payment.
  • Lower your overall interest rate.
  • Regain control of your financial future.
Apply Now

Medical Expenses

Medical expenses can come suddenly and grow quickly. A HELOC gives you a reliable way to cover healthcare costs—planned or unexpected—without the worry.

  • Pay for surgeries, treatments, or ongoing care.
  • Cover out-of-pocket costs or deductibles.
  • Reduce reliance on high-interest credit cards.
Apply Now

Memorable Experience

Life’s biggest milestones deserve to be celebrated. Whether you’re planning a dream wedding or a once-in-a-lifetime vacation, use the equity in your home to help make it possible.

  • Fund wedding expenses without taking on high-interest debt.
  • Cover the cost of travel and accommodations.
  • Bring your bucket-list experiences to life.
Apply Now

Education

From college tuition to private school fees, education is one of the best investments you can make. A HELOC offers a flexible, cost-effective way to support your goals.

  • Pay for college or graduate school tuition.
  • Fund private school or tutoring programs.
  • Bridge gaps in financial aid or scholarships.
Apply Now

  • Home Improvement

    A Home Equity Line of Credit (HELOC) is a smart, flexible way to fund home improvements. Whether you're renovating a kitchen, adding a storm shelter, or tackling repairs, a HELOC gives you the freedom to borrow as you go.

    • Finance renovations that increase your home's value.
    • Pay for upgrades over time as needed.
    • Cover both planned and unexpected repair costs.
    Apply Now

Home Improvement

A Home Equity Line of Credit (HELOC) is a smart, flexible way to fund home improvements. Whether you're renovating a kitchen, adding a storm shelter, or tackling repairs, a HELOC gives you the freedom to borrow as you go.

  • Finance renovations that increase your home's value.
  • Pay for upgrades over time as needed.
  • Cover both planned and unexpected repair costs.
Apply Now
medium-shot-man-working-as-plumber

Unlock The Power Of Your Home

What Is A Home Equity Line Of Credit (HELOC)?

An Allegiance Credit Union’s Home Equity Line of Credit (HELOC) is a variable rate loan option that lets you borrow up to 90% Maximum Loan to Value of your home, based on your credit and debt-to-income ratio. 

Our HELOC allows you to make purchases against the borrowing limit for 10 years (draw period) and pay it back over 10 years (repayment period). Questions? We can help! Contact us today to talk about your financial situation.

Apply Now
Download Your Free Copy!

Top 12 HELOC Questions Answered!

If you are considering using a HELOC, our financial experts have compiled 12 of the most commonly asked questions that will help you determine if this is a good solution for you.

Top 12 HELOC Questions Cover

Smart Funding. Simple Application.

How To Get A Home Equity Line of Credit

Thinking about a HELOC? Here’s how to get started with Allegiance Credit Union—right here in OKC:

Allegiance Yellow 1 (100 x 100 px) (1)

Review Your Current Equity

Review your home’s current value and mortgage balance to estimate the equity available to you. And don't forget to check your credit score, too!
Allegiance Pink 2 (100 x 100 px)

Do Your Research

Research rates, terms, fees, and repayment options with your trusted Allegiance Loan Officer. Our local experts are always ready to help find terms that meet your needs.
Allegiance Teal 3 (100 x 100 px)

Complete Your Application

Complete your online HELOC application.
Be ready to provide income verification, property details, mortgage information, and personal identification.
Allegiance Blue 4 (100 x 100 px)

Close on Your New HELOC

Sign the final documents and have access to your Home Equity Line of Credit!

See How These Products Compare

Discover how a Home Equity Line of Credit, Home Equity Loan, and Home Improvement Loan compare.

Line of Credit

HELOC

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Line Of Credit
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Variable Rate (Changes)
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Home Used As Collateral
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Access Money Over 10 Yrs
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Closing Costs
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No Prepayment Penalties
Apply Now
One Large Payment

Home Equity Loan

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One Large Payment
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Fixed Rate
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Home Used As Collateral
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Set Loan Term
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Closing Costs
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No Prepayment Penalties
Explore Loan
One Large Payment

Quick Cash HI Loan

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$25,000 Max
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Fixed Rate
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Unsecured (No Collateral)
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Set Loan Term
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$49 Origination Fee
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No Prepayment Penalties
Explore Loan
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What Our Members Are Saying

“Taryn assisted me. Without fail, she delivered excellent service, as do all the employees working here at Allegiance. Allegiance has seen me through some of the most difficult times.”

DS B.

"I’ve been with Allegiance since 2013 and have always had great experiences. Everything is easy and hassle free.  Thank you!"

Debra S.

Additional Resources

Couple-signing-home-equity-loan-documents-to-help-their-debt-consolidation-efforts.

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Find out if a home equity loan is a good idea in this housing environment

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From 2020 to 2022, interest rates dropped to an all-time low with rates ranging from...

Read More

Frequently Asked HELOC Questions

How much can I borrow?

You can borrow up to 90% Loan-To-Value, which means up to 90% of the home’s overall value.

What is the term for a Home Equity Line of Credit?

The draw period is 10 years and the repayment period is 10 years.

Do I have to pay for an appraisal?

Many times we are able to use an Automated Valuation Model, which can save you hundreds compared to the cost of a traditional appraisal.