New Lower Rates on Home Equity Loans

Select homeowners* can take advantage of new lower rates on Closed End Home Equity loans with a minimum of $10,000 funded between May 1, 2025, and May 31, 2025. Whether you're borrowing money to enhance your living space, invest in education, or simply consolidate other debt, a Closed End Home Equity loan could be the key to unlocking your financial potential.  A home equity loan is one of the most effective ways to access the value of a home, and it offers a locked-in interest rate, flexible term options, and consistent payments. Learn more on our Home Loan FAQ page.

Ready to get started? Apply online or contact us for more information. 

Benefits of Home Equity Loans

• Loans have competitive fixed rates with a set payback term of 60 months or less, 61 - 120 months, or 10-20-year repayment with a 5-year balloon.
• The online application process provides fast approval, and in most circumstances, there are no closing costs or fees.
• Loan officers can assist with everything you need to set up automatic payment options.
• You can borrow up to 90 percent of the equity in your home, and the funds are available at the time of closing. The home's equity is the difference between your home's current market value and what you owe on your mortgage. 

Note: Equity is determined by FECU guidelines. Ready Rescission requires funds to be held to provide a three-day period after signing the loan documents to reconsider and potentially cancel the loan agreement without incurring penalties. Some restrictions may apply.

*Home Equity loans are available to members who own a home in Minnesota, Arizona, Georgia, Kansas, Missouri, and Indiana.

APR = Annual Percentage Rate. All rates and terms on the FECU website are subject to change.