Home Equity Loans and HELOCs

It's the time of year to start your fall projects.  Have you been dreaming of a new bathroom, new flooring or simply just need some extra funds?  A low-rate Home Equity Loan or variable-rate Home Equity Line of Credit (HELOC) allows you to affordably accomplish your goals and dreams.

There are many ways you can use a Home Equity loan or HELOC:

  1. Home improvement/renovations
  2. Education expenses
  3. Medical expenses
  4. Debt Consolidation

There are many benefits that come along with a home equity loan or HELOC:

  • Borrow up to 90 percent of the equity in your home (equity is determined by FECU guidelines)
  • There are no closing costs or fees in most circumstances
  • Competitive interest rates
  • Flexible terms
  • Automatic payment options are available
  • Tax deductions may be available, FECU recommends consulting a tax advisor for more information*

To apply, complete our online application and please include a copy of your most recent property tax statement, a paystub for each borrower, and homeowner's insurance information. Terms and conditions of loans may vary based on applicant's credit history. Rates subject to change. Other conditions may apply.

*This information is intended to provide general information regarding available loans only.  It should not be considered legal or expert tax advice regarding your specific circumstances.  Consult a qualified professional with questions regarding the topics herein. © 2021 Federated Employees Credit Union.

Published Date:September 01, 2021

Categories: Featured Products and Services