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Rates

Whether you're looking to move or simply improve, using the equity in your home might be the solution!

 

Key Features

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Home Sweet Home (Equity Line of Credit)!

For a limited time, enjoy HELOC rates as low as 3.49% APR* for the first 12 months!

Apply today!

Home equity is the best part of home ownership. Your equity is the value of your home minus the amount you owe on your mortgage. Use the equity you have in your house as collateral to pay for home renovations, large purchases, or even to consolidate debt. Sweeten your dreams by making your home work for you with a Home Equity Line of Credit (HELOC). With a HELOC from FCCU, you’ll benefit from:

  • Competitive Rates¹
  • No annual fee
  • Only pay principal and interest on what you borrow
  • Easy access to transfer your funds via online banking or mobile banking 
  • Potential tax benefits²- interest is usually tax deductible when used for home improvements
  • Friendly, local, and experienced loan officers 
  • Member Loyalty Cash- A mortgage loan³ helps qualify you for cash back at the end of the year!

Ready to make your dreams a reality?
To get started, check out our Homebuying Resources. Then, apply online today!  

Learn More.

What is a Home Equity Line of Credit?

A home equity loan offers all the same great benefits as a HELOC, but instead of offering a credit line to borrow against as needed, a home equity loan provides a lump sum that’s repaid in equal, fixed, monthly installments.  Keep your budget on track, while securing your dreams. With a Home Equity Loan from FCCU you get:

  • Competitive Rates¹
  • Fix-rate loan4 with variable term options
  • Easy access to transfer your funds via online banking or mobile banking 
  • Potential tax benefits²- interest is usually tax deductible when used for home improvements
  • Friendly, local, and experienced loan officers 
  • Member Loyalty Cash- A mortgage loan³ helps qualify you for cash back at the end of the year!

 

*Members who have an existing home equity line of credit with Fort Community Credit Union are not eligible for advertised loan terms. 3.49% APR (annual percentage rate) available on loans for owner-occupied primary residencies with loans up to 90% LTV (loan-to-value) and credit scores of 680 or higher. Rate is variable. Rate is locked for 12 months, then will be set as high as prime (recently 3.50%) for first mortgage loans and prime plus .25 percentage points for second mortgage loans. Rate is subject to change after 12 months from closing date, and thereafter on the first day of each month following any change in the prime rate as published in the Wall Street Journal. Payments are 1.25% of balance or $125, whichever is greater. Maximum rate 18%. Minimum credit line of $10,000. Homeowners Insurance required. Closing costs range from $285- $1,100. Rates and terms subject to change.

¹Rates and terms subject to change.
²Consult a tax advisor.
³Members must have a mortgage loan that originated in the current year to earn qualifying portion.
4ARM and fixed rates options available. Some restrictions apply.