Home Equity Line of Credit (HELOC)

When you apply for a Home Equity Line of Credit (HELOC) with us, we will carefully evaluate the value of your co-op and determine the maximum amount you can borrow. If you meet the eligibility criteria for a HELOC, the loan will grant you a 10-year draw period, during which you can access funds up to a predetermined limit. It’s important to note that you are not obligated to borrow the full amount upfront; instead, you can withdraw funds as needed throughout the specified period. Please be aware that our HELOC co-op program is currently exclusively available for investment co-ops, and owner-occupied co-op units are not eligible.