Home Equity

Get fast, flexible access to your home's equity

Overview

Our 3 in 1 Advantage Plan is an equity line of credit, with options for fixed rate advances and a convenient credit card in one handy package.

  • No application fees
  • No minimum draw requirement
  • No closing costs*



Line of Credit

  • Borrow as often as you like, up to your approved limit.
  • As you pay down the balance, your available credit increases.
  • Take any portion of your line, convert it to a fixed rate advance and choose your repayment term...no application needed.
  • Interest-only payment option available.

Fixed Rate Advances

  • Get the security of fixed payments by converting any or all of your line into a fixed rate advance.
  • Get up to three fixed rate advances at a time.
  • Each advance works like an installment loan with fixed payments for the term you choose.
  • Fix your rate anytime without an application.

Credit Card

  • Convert a portion of your equity into a Platinum credit card.
  • Get the same great low rate you enjoy on your line of credit.
  • Automatic enrollment in MemberPoints lets you earn free gift cards, brand-name merchandise and great travel rewards on purchases.



Need Help?

Please enter the code shown in the image

Rates

Home Equity 3 in 1 Advantage Plan

  •  Rates effective 10-23-2017
Line of Credit and MasterCard Platinum Credit Card APR1 Payment per $1,0002 Alert Me
To 75% LTV (Prime - 1/2%) 3.75% Varies
76% to 85% LTV (Prime + 1/2%) 4.75% Varies
Over 85% LTV (Prime + 1 1/2%) 5.75% Varies
Fixed Rate Advance - To 75% LTV Alert Me
Up to 5 years 3.99% $18.41
5 to 10 years 4.74% $10.48
10 to 15 years 4.99% $7.90
15 to 20 years 5.99% $7.16
Fixed Rate Advance - 76% to 85% LTV Alert Me
Up to 5 years 4.24% $18.53
5 to 10 years 4.99% $10.60
10 to 15 years 5.24% $8.03
15 to 20 years 6.24% $7.30
Fixed Rate Advance - Over 85% LTV Alert Me
Up to 5 years 4.49% $18.41
5 to 10 years 5.24% $10.72
10 to 15 years 5.49% $8.17
15 to 20 years 6.49% $7.45
Apply for a Home Equity
Rates shown are for members with the best credit profile. Other rates are available, based on your credit history. Contact Member Services at 800-656-4328 for rate details.

The plan allows up to three fixed rate advances from your line at any given time during the 10 year draw period. If you terminate your line within the first 24 months after closing, you will be responsible for closing costs. These costs generally range from $400-$700. Closing costs do not include any taxes (if necessary). Interest begins accruing upon loan disbursal. Check with your tax adviser about tax deductibility of interest. Homeowners insurance is required. Total Mortgages/Property Value = LTV. Maximum allowed CLTV may vary by state.
  • 1APR=Annual Percentage Rate.
  • 2Repayment amounts will vary depending on the term. This example is estimated for the maximum term.

Home Equity Early Disclosure / Terms

Non-usage Fee: During the draw period, when there are no advances taken for any twelve (12) consecutive months following your anniversary date, you agree to pay the Lender a Non-Usage fee of $50.00.

Reviews

REVIEW SNAPSHOT®

by PowerReviews
HFCUHome Equity Reviews
 
4.9

(based on 127 reviews)

Ratings Distribution

  • 5 Stars

     

    (119)

  • 4 Stars

     

    (2)

  • 3 Stars

     

    (4)

  • 2 Stars

     

    (1)

  • 1 Stars

     

    (1)

98%

of respondents would recommend this to a friend.

Pros

No Pros

Cons

No Cons

Best Uses

No Best Uses
    • Loan process and service:
    •  
    • Approval time:
    •  
    • Value, rate & terms:
    •  
    • Ease of applying:
    •  

Reviewed by 127 customers

Displaying reviews 1-10

Back to top

Previous | Next »

 
3.0

Main office great, satellite so so

By 

from Danvers,ma

Verified Buyer

Comments about HFCU Home Equity Reviews:

My options for payment weren't really explained or offered. I would have liked to know my options. This issue only occurred with the satellite branch. The main office is exceptional and I thought I would receive the same care with a branch closer to home. I was wrong.

  • Loan process and service:
  •  
  • Approval time:
  •  
  • Value, rate & terms:
  •  
  • Ease of applying:
  •  
 
5.0

Easy, fast, professional

By 

from McLean, VA

Verified Buyer

Comments about HFCU Home Equity Reviews:

Unsure of the value, rate and terms. But it was easy and the loan officer generously offered advice that will help in the future.

  • Loan process and service:
  •  
  • Approval time:
  •  
  • Ease of applying:
  •  
 
5.0

Easy, peazy

By 

from Boston, MA

Verified Buyer

Comments about HFCU Home Equity Reviews:

Belkis B is knowledgeable, professional, and made me feel valued. The process went smoothly.

  • Loan process and service:
  •  
  • Approval time:
  •  
  • Value, rate & terms:
  •  
  • Ease of applying:
  •  
 
5.0

The Entire Staff at Hanscom are Great!

By 

from Buffalo, NY

Verified Buyer

Comments about HFCU Home Equity Reviews:

Stephanie and Allision have been given amazing guidance and their knowledge to make sure that I fully understand the process and guide me on my future financial well being!

  • Loan process and service:
  •  
  • Approval time:
  •  
  • Value, rate & terms:
  •  
  • Ease of applying:
  •  
 
5.0

Professional and personalized service

By 

from McLean, VA

Verified Buyer

Comments about HFCU Home Equity Reviews:

I've been a member for many years and I've obtained several auto, home equity, and other loans from HFCU. You always have good rates and make the application process as painless as possible. I have obtained several loans, including a recent home equity loan, through Abian F. She is a true professional, and has always been very helpful and pleasant--please don't let her get away!

  • Loan process and service:
  •  
  • Approval time:
  •  
  • Value, rate & terms:
  •  
  • Ease of applying:
  •  
 
5.0

Great value, fast and easy

By 

from Lowell MA

Verified Buyer

Comments about HFCU Home Equity Reviews:

Branch manager Patty at Billerica location did a terrific job in closing my HELOC loan.

  • Loan process and service:
  •  
  • Approval time:
  •  
  • Value, rate & terms:
  •  
  • Ease of applying:
  •  
 
5.0

Super Helpful & Great Pricing

By 

from Holliston, MA

Verified Buyer

Comments about HFCU Home Equity Reviews:

Staff was very responsive to our needs. We wouldn't ever consider somewhere else for our financial needs.

  • Loan process and service:
  •  
  • Approval time:
  •  
  • Value, rate & terms:
  •  
  • Ease of applying:
  •  
 
5.0

Home Equity line of credit

By 

from Franklin, MA

Verified Buyer

Comments about HFCU Home Equity Reviews:

Rhonda handled everything very professionally. I was guided through the process every step of the way since this is the first time I have done a second mortgage of any kind.

 
5.0

Fast and easy

By 

from Mitre

Verified Buyer

Comments about HFCU Home Equity Reviews:

The loan process was very easy and great rate.

  • Loan process and service:
  •  
  • Approval time:
  •  
  • Value, rate & terms:
  •  
  • Ease of applying:
  •  
 
5.0

great working with HFCU!

By 

from Newton, MA

Verified Buyer

Comments about HFCU Home Equity Reviews:

Sara K. was the best!

  • Loan process and service:
  •  
  • Approval time:
  •  
  • Value, rate & terms:
  •  
  • Ease of applying:
  •  

Displaying reviews 1-10

Back to top

Previous | Next »

*If you terminate your line within the first 24 months after closing, you will be responsible for closing costs. Please refer to the Closing Cost Addendum you received at  loan closing for the total amount of your closing costs.