Home Equity Loan

Put the equity in your home to work for you with an FMFCU Home Equity Loan. If you know the exact amount you need, our Home Equity Loans are just right for you! Do you have a Home Equity Loan somewhere else? You could possibly lower your rate by transferring it to FMFCU.

• Use for home improvements or debt consolidation
• Financing up to 90% loan-to-value
• Terms up to 240 months
• Potential tax advantages (consult your tax advisor)
• Fixed rates, fixed payments
• Can be collateralized by owner and non-owner occupied
• FAQs
• Calculate Payment

Choice Home Equity Loan

FMFCU's Choice Home Equity Loan is a new way to refinance your mortgage and save.

• Financing up to 80% loan-to-value
• Low closing costs (thousands less than regular refinancing)
• Low rate for first time mortgage refinances
• Fixed rate for terms up to 10 years
• No prepayment penalty
• Calculate Payment

Home Equity Line of Credit (Choice HELOC)

With an FMFCU Choice Home Equity Line of Credit (HELOC), you can borrow just what you need, when you need it, and only pay interest on what you borrow.

• Use for home improvements or debt consolidation
• Financing up to 90% loan-to-value
• Introductory Rate of 2.99% for the first 6 months on HELOC's less than 80% LTV**
• 10-year draw period
• Potential tax advantages (consult your tax advisor)
• HELOC convenience checks
• Pay only on what you borrow
• No cash advance fees
• No annual fee
• Rates as low as Prime plus 0.49% (as published in the Wall Street Journal)
• FAQs

* Internal transfers do not qualify. Annual Percentage Rate. The interest rate (APR) is based on the Prime Rate published in the Wall Street Journal. The rate may vary monthly. The Maximum rate is 18.00% APR and minimum rate is 3.99% APR. For information regarding other Home Equity Line of Credit products, contact a Member Service Representative. Offer to qualified borrowers for home loans and home equity lines of credit secured by your primary residence. Title insurance required for Loans and Credit Lines over $250,000.

***2.99% Annual Percentage Rate (APR) is accurate as of 8/1/12 and fixed for six calendar months after account opening. Thereafter, the APR on any existing balance adjusts, in accordance with the Variable Rate Terms of your agreement, to the Wall Street Journal Prime Rate plus 0.49%, with a floor of 3.99%. The APR adjusts on the first day of the month. As of 8/1/12, Prime Rate is 3.25%. Maximum rate is 18% and maximum Loan-to-Value is 80%. Minimum line of credit amount $5,000. Membership eligibility applies. Owner occupancy required. Flood insurance may be required. Title insurance required for lines of credit over $250,000. Consult a tax advisor for further information regarding deductibility of interest. This offer may be withdrawn at any time and is for new lines of credit only.