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, tuition 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

HOME PAGE 5.49% APR disclosure: *Annual Percentage Rate is quoted as of 12/01/09 and is based on terms up to 60 months with payments per $1,000 equal to $19.10. 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 80% Loan to Value (LTV). 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.

• Use for home improvements, tuition or debt consolidation
• Financing up to 90% loan-to-value
• 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 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.