DENVER, CO (February 4, 2026) |
Westerra Credit Union (Westerra) announced a new Home Equity Line of Credit (HELOC) Select offer – a 4.99% APR fixed for 12 months with advances of $10,000 or more – as part of its member-focused lending programs. To further reduce barriers to borrowing, Westerra is also waiving closing costs on HELOCs of $150,000 or less.
Designed to encourage strategic borrowing, HELOC Select offers predictability in an uncertain rate environment while maintaining flexibility. The funds can be used for a range of real-life needs, from home improvements to major life events and debt consolidation to education planning.
“We’re seeing many homeowners with significant home equity hesitate to borrow because of rate uncertainty and market volatility,” said Sarah Llewellyn, vice president of consumer lending. “As a community-focused financial institution, it is our responsibility to reduce that anxiety and help members understand how home equity can be used as a smart planning tool, not a last resort.”
To learn more about Westerra’s home equity loans, visit www.westerracu.com/home-
2026 HELOC Select as low as 4.99% 12-month promo disclosures:
LIMITED-TIME OFFER: As low as 4.99% APR 12-month Fixed Rate promotion is available to qualified borrowers who open a new HELOC Select and advance at least $10,000 from the available line of credit at the time the Fixed Rate Segment is opened. This promotional fixed rate applies for 12 months in a fixed-rate, interest-only segment.
Closing costs are waived for loan amounts of $150,000 or less and apply to owner‑occupied loans only.
The Variable Annual Percentage Rate (APR) for well-qualified borrowers as of January 15, 2026, is 7.24% and is subject to change without notice. The maximum APR for a variable-rate advance is 21%. The variable rate may change after account opening.
Members must request the creation of the Fixed Rate Segment within 45 days of loan origination. Westerra will assist with creating the fixed segment in-branch, by phone, or online. Conditions and restrictions apply, including but not limited to CLTV, debt-to-income ratio, and credit score requirements.
Property must be insured, owner-occupied (primary or secondary residence), and located in Colorado. Offer valid on new HELOC Select lines only. Promotion available for a limited time and subject to change or extension at Westerra’s discretion. HELOC closing costs may include title and appraisal fees based on the amount requested and CLTV. Membership eligibility required. New prime share accounts are subject to a $5 membership setup fee and a $5 minimum deposit. All loans subject to approval.
