Home Equity Loan

SPECIAL OFFER: 5.49% APR* Home Equity Loan
Don't miss out. Apply today!

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.

• Home improvements
• Bill consolidation
• Purchase a car
• Terms up to 20 years
• Borrow up to 100% of your home's appraised value
• Potential tax deductions (consult your tax advisor)
• Fixed rate of interest
• FAQs
• Calculate Payment

*5.49% (Annual Percentage Rate) is quoted as of 03/03/08 and is based on terms up to 60 months with payments per $1,000 equal to $19.11. Other terms and rates are available; FMFCU has a tiered loan rate policy that applies different loan rates to borrowers based on the borrower's credit history. Advertised rate applies to Tier 1 borrowers and is for loans up to 85% Loan to Value (LTV). The minimum-borrowing amount for Home Equity Loans is $5,000. Title insurance required for loans over $250,000. Programs, rates, terms and conditions are subject to change without notice. Interest paid on Home Equity Loans may be tax deductible; check with your tax advisor.

Home Equity Line of Credit

With a FMFCU 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.

• No annual fee
• No closing costs on HELOC's of 85% LTV or less
• Interest rates as low as Prime minus 1.01% APR, variable**
• Consolidate bills
• Pay school tuition
• Home repairs
• Check writing privileges
• Borrow up to 100% of your home's appraised value
• Potential tax deductions (consult your tax advisor)
• 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 4.00% 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.