Is the FourLeaf HELOC worth a look? Maybe. FourLeaf Federal Credit Union advertises a 5.99% fixed intro APR for 12 months and pays the closing costs on the first $500,000.
The catches are in the footnotes. You need a 720 credit score for the intro rate, a $25,000 draw at closing, and FourLeaf says closing takes 6 to 10 weeks on average.
If you’d rather not wait that long, price Figure first. It funds in as few as five days, and its origination fee runs 0% to 4.99%.
Need the money sooner than a credit union can close? See what you could get from Figure.
Check My Rate →FourLeaf vs. Figure vs. Upstart Home Lending
FourLeaf is a credit union line with a long intro rate and a long closing timeline. Figure and Upstart Home Lending are online lenders that put most or all of the money in your account at closing. That’s the trade: a lower intro APR against more waiting.
| Lender | How you borrow | Amount | APR | Main fee | Next step |
|---|---|---|---|---|---|
 FigureFunds in as few as 5 days | Full line at closing | $15K to $750K | From 7.25%As of Nov. 12, 2026 | 0% to 4.99% origination | Check My Rate |
 Upstart Home LendingCredit scores from 600 | At least 80% at closing | $26K to $250K | 6.52% to 18.00%1 | 0% to 4.99% of the credit limit1 | Check My APR |
 FourLeaf HELOC | Draw as you go | Up to $500K | 5.99% for 12 months, then from 7.00% | Costs repaid if closed in 36 months | See the catches |
FourLeaf’s intro looks strong on paper. It comes with conditions, so the number to compare is the one you’d actually qualify for.
How the FourLeaf HELOC works
It’s a variable-rate line of credit secured by your home. You draw for 10 years and make interest-only payments on what you’ve borrowed. After that, you repay any balance with principal and interest over a 20-year term.
The intro is a fixed 5.99% APR for 12 months on lines up to $500,000. After a year, the APR is variable: the prime rate plus a margin. FourLeaf shows its standard APR as low as 7.00%, and says the minimum floor is 3.25% and the cap is the 18% federal credit union limit.
Getting the intro rate takes five things:
- A combined loan-to-value of 75% or less
- A VantageScore 4.0 of at least 720
- An initial draw of at least $25,000, kept for 12 months
- AutoPay from a FourLeaf checking or savings account
- No FourLeaf HELOC intro rate in the last five years
Miss one and the rate can revert to the standard APR. The standard APR has its own conditions, including a 65% maximum combined loan-to-value, the same $25,000 draw and AutoPay.
It’s a credit union, so you also need to be approved for membership. Home loans aren’t available in Texas.
The paperwork
Expect to send recent pay stubs, two years of W-2s, your two most recent bank statements and two years of tax returns. FourLeaf says an appraisal is most often needed for loans over $400,000 or a loan-to-value above 75%.
What the FourLeaf HELOC costs
FourLeaf pays the closing costs on the first $500,000, but there’s a string. You repay them if you close the HELOC within the first 36 months. Those costs generally run $500 to $15,000 depending on the line size, property value, location and property type.
Lines above $500,000 are case by case. They don’t get the intro rate, and you pay the mortgage-related taxes and title insurance on the amount over $500,000.
Both the $25,000 draw and AutoPay carry a 0.25% discount that goes away if you stop meeting them. Property insurance, plus flood insurance if it applies, is required.
These aren’t the same product, so don’t read them as a ranking. If your plan can wait two months and you clear the 720 bar, the intro is worth pricing. If it can’t wait, it isn’t.
Is FourLeaf legit?
Yes. FourLeaf Federal Credit Union is federally insured by the NCUA and lists NMLS ID 449104. It’s based in Bethpage, New York.
Legit and right for you are different questions.
The intro APR is for the first year, then the line is variable and tied to prime. Stress test your payment at the standard rate, not at 5.99%.
What credit score do you need?
For the 5.99% intro rate, FourLeaf requires a VantageScore 4.0 of at least 720. For the standard rate, it doesn’t post a minimum on its HELOC page. It says that if you own your home you’re eligible to apply, and then it looks at credit history, employment, income and loan-to-value.
Price a faster line at Figure first
FourLeaf says closing takes 6 to 10 weeks on average. Figure funds in as few as five days. Hold its number up against FourLeaf’s.
Check My Figure Rate →The catches with the FourLeaf HELOC
The intro rate has five conditions
Credit, loan-to-value, a $25,000 draw you keep for a year, AutoPay and the five-year rule all have to line up. Check each one before you count on 5.99%.
The wait
FourLeaf puts the average at 6 to 10 weeks from application to closing, and says some loans close faster. That’s a long time if you have a bill coming.
Closing costs come back if you leave early
“Paid by FourLeaf” only holds if the line stays open 36 months. Close it sooner and you owe them.
Membership and location
You must be approved for membership, and FourLeaf doesn’t offer home loans in Texas.
Who it fits
FourLeaf makes the most sense if your credit is 720 or better, you can wait a couple of months, and you’d take a $25,000 draw anyway. If you need money quickly or want the full line drawn on your terms, it’s a closer call.
FourLeaf fits if
- Your credit score is 720 or higher
- You can wait 6 to 10 weeks to close
- You’d draw $25,000 or more at closing anyway
- You plan to keep the line open at least 36 months
Look elsewhere if
- You need the money in days
- You’d draw less than $25,000 at closing
- You might close the line within three years
- You live in Texas
Alternatives to price first
Figure is the one to price when speed matters. Lines run from $15,000 to $750,000 and you draw the full line at closing. Funds can land in as few as five days. APRs start at 7.25% as of Nov. 12, 2026, and the origination fee runs 0% to 4.99%, so it is not a no-cost loan. Check your Figure rate here.
Upstart Home Lending is a good second quote, especially if your credit isn’t perfect. A HELOC from Upstart Home Lending comes in amounts from $26,000 to $250,000, with 10 and 15 year terms and APRs of 6.52% to 18.00%1. The application is easy and online, and it’s available for credit scores starting at 600. You’ll draw at least 80% of the line at closing, so size it to what you need.
Credit in the 600s? See if you could qualify for a HELOC from Upstart Home Lending.
Check My APR →The bottom line
Bottom line: FourLeaf is a real credit union HELOC with a strong intro rate for people who clear its conditions and don’t mind the wait. Everyone else should compare it with a faster option.
If you want cash quickly, start with Figure, then get a second quote from Upstart Home Lending. Pick FourLeaf when your credit is strong and time isn’t a factor.
More here: our Figure HELOC review, the Upstart Home Lending HELOC review and the ranking of the best HELOC lenders.
FourLeaf HELOC FAQs
Yes. FourLeaf Federal Credit Union is federally insured by the NCUA and lists NMLS ID 449104. It’s based in Bethpage, New York.
FourLeaf advertises a 5.99% fixed APR for 12 months on lines up to $500,000, then a variable APR. The intro needs a 75% maximum combined loan-to-value, a 720 VantageScore 4.0, a $25,000 initial draw kept for 12 months, and AutoPay from a FourLeaf account.
FourLeaf says it takes 6 to 10 weeks on average from application to closing, and some loans close faster.
FourLeaf pays closing costs on the first $500,000, but you must repay them if you close the HELOC within the first 36 months. They generally run $500 to $15,000.
It’s 10 years of interest-only payments on what you borrow, followed by a 20-year repayment term.
It depends on timing. FourLeaf’s intro rate is fixed for a year but closing averages 6 to 10 weeks, while Figure funds in as few as 5 days with a 0% to 4.99% origination fee. Check your Figure rate and compare it with FourLeaf’s offer on the same amount.
1 Terms shown here are subject to change without notice. APRs for initial advances range from 6.52% to 18.00% based on rates offered as of June 2026. The lowest rate is only available to consumers willing to become a member of a credit union and to those who meet a minimum FICO score of 780, CLTV under 70%, and DTI under 45%. Your actual rate will depend on many factors such as your credit history, combined loan-to-value ratio (CLTV), line amount, loan term, lien position, and property state. Origination fee to open an account is between 0% and 4.99% of the approved credit limit. The Annual Percentage Rate (“APR”) is variable and based on the Prime Rate as published in the Wall Street Journal “Money Rates” table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required.
