Home Equity

Federated Employees Credit Union offers a wide range of loan options using the equity in your home. These loans are available to members that own a home in Minnesota, Arizona, Georgia, Kansas, Missouri, and Indiana. We offer competitive interest rates, flexible terms, and fast, convenient service. Automatic payment options are available.

We lend up to 90% of the equity in your home (equity available is determined by FECU guidelines). You can choose to open a Line of Credit with a variable rate or a fixed term loan with a fixed rate. There are no closing costs in most situations; however, some restrictions may apply. The funds can be used for most anything, such as remodeling, tuition, bill consolidation, vehicles, etc.

To apply, complete the Online Loan Application.  
In the Online Loan Application, please attach: 
1. Your most recent property tax statement
2. Your most recent paystub for each borrower (or two years tax return for self-employed borrowers)
3. Your homeowner’s insurance agent and annual premium.
FECU will donate $1 for every funded loan to support the Federated Challenge!

Helpful Tools