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Home Equity Loans

A Smarter Way To Borrow

Home equity is the difference between how much you owe on your mortgage and how much your home is worth.
A Gulf Winds Home Equity Loan (HELOAN) or Line of Credit (HELOC) allows you to tackle your to-do list or have money available when you need it. 

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Home Equity Loan (HELOAN)

Looking to make major home renovations or consolidate debt? A HELOAN allows you to get a large sum of cash up front, which is great for non-recurring expenses or when you have a specific purpose for the loan and a one-time need. 

  • Fixed rate for the life of the loan
  • 5, 8, and 10-year terms available
  • Regular monthly payments
  • Closing costs paid (some restrictions apply)*
  • Maximum Loan-to-Value is 85%

Apply For A HELOAN

Home Equity Line of Credit (HELOC)

Do you need funds but are unsure of exactly how much you will need? A HELOC is a great option for recurring expenses such as tuition, medicial bills, home improvements and more. Get approved for a maximum amount and then use what you need during the draw period. Any balance owed at the end of the draw period will then be amortized over the repayment period.

  • Introductory rate of 1.99% APR for the first 6 months1
  • 10-year draw period with a 20-year repayment term
  • Pay only interest during the 10-year draw period
  • Closing costs paid (some restrictions apply)*
  • Maximum Loan-to-Value is 85%

Apply For A HELOC


Sherry Brock

Sherry Brock

NMLS# 1367681

Apply with Sherry

Email Sherry Brock

850.479.9601 Ext. 463

Katrinka Phillips

Katrinka Phillips

NMLS# 2128562

Apply with Katrinka

Email Katrinka Phillips

800.650.6328 Ext. 752

Caleb Ulichney

Caleb Ulichney

NMLS# 1893986

Apply with Caleb

Email Caleb Ulichney

850.479.9601 Ext. 472

Gary Brewer Jr.

Gary Brewer Jr.

NMLS# 1911372

Apply with Gary

Email Gary Brewer Jr.

850.479.9601 Ext. 280


Gulf Winds Credit Union NMLS #414456

*Home Owners Insurance is required. Flood and Wind Insurance may be required, when applicable. Exclusions and limitations apply. Gulf Winds agrees to pay closing costs on new HELOANs and HELOCS with the exception of appraisal fees, title insurance, and any fees associated with Home Owner's Association. Closing costs can range from $150 to $1500. If the loan is paid off and closed in less than three years of the loan origination date, all closing costs paid by Gulf Winds Credit Union will require reimbursement. Closing costs depend on the location of the property, property type, and the amount of the Equity Loan. Consult your tax advisor about possible tax benefits. Owner-occupied property only and Gulf Winds Credit Union must be in a valid first or second lien position. Refer to HELOAN or HELOC application or ask your Mortgage Loan Officer for complete details. This offer may be withdrawn at any time.

1Subject to credit approval. The introductory rate will be in effect for the first six (6) months after your line of credit is opened. After the promotional period, the variable standard APR will be based on your line amount, combined loan to value ratio, and credit rating. Upon expiration of the introductory rate, all balances will accrue interest at the variable standard APR which can range from Prime + 1% to Prime + 3.5% using the WSJP rate (currently an APR of 7.0%) not to exceed 18% at any time. This offer is available to new equity line members, and is subject to change without notice. Required minimum draw at closing is $10,000.