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?

Complete the form below and a member of our team will contact you and answer your home equity questions. You can also visit any branch location or call us at 800-656-4328.






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Rates

Table data for Home Equity 3 in 1 Advantage Plan
 Rates effective 02-19-2018
Line of Credit and MasterCard Platinum Credit Card APR1 Payment per $1,0002 Alert Me
To 75% LTV (Prime - 1/2%) 4.00% Varies Receive a notification when this rate changes
76% to 85% LTV (Prime + 1/2%) 5.00% Varies Receive a notification when this rate changes
Over 85% LTV (Prime + 1 1/2%) 6.00% Varies Receive a notification when this rate changes
Fixed Rate Advance - To 75% LTV Alert Me
Up to 5 years 3.99% $18.41 Receive a notification when this rate changes
5 to 10 years 4.74% $10.48 Receive a notification when this rate changes
10 to 15 years 4.99% $7.90 Receive a notification when this rate changes
15 to 20 years 5.99% $7.16 Receive a notification when this rate changes
Fixed Rate Advance - 76% to 85% LTV Alert Me
Up to 5 years 4.24% $18.53 Receive a notification when this rate changes
5 to 10 years 4.99% $10.60 Receive a notification when this rate changes
10 to 15 years 5.24% $8.03 Receive a notification when this rate changes
15 to 20 years 6.24% $7.30 Receive a notification when this rate changes
Fixed Rate Advance - Over 85% LTV Alert Me
Up to 5 years 4.49% $18.41 Receive a notification when this rate changes
5 to 10 years 5.24% $10.72 Receive a notification when this rate changes
10 to 15 years 5.49% $8.17 Receive a notification when this rate changes
15 to 20 years 6.49% $7.45 Receive a notification when this rate changes
Apply for a Home Equity Receive a notification when this rate changes
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. Hanscom FCU offers Home Equity Plans on primary residences to our members nationwide, with the exception of Texas and New York.

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

Excellent rates & service

5

Melissa was a pleasure to deal with. She kept me up to date with what to expect and the next steps.

Seattle, WA

Great, never had Home Equity before,it was so easy and i was

5

never had home Equity loan before if i had known it was that easy i would have did it before,,I receive all the help i needed,plus the payment are low i can pay more on loan,each month.Thanks Ms.M

Doechester,Ma

fast & easy

4

good work by the team

PA

Exceptional

5

Excellent ,would recommend highly!

Boston ma

Great service very knowledgeable

5

My experience was the best.

Quincy MA

Excellent

5

Excellent works.

Brockton Massachusetts

Super efficient.

5

Thank you for professional and easy process.

washington, dc

Greatest experience

5

This has been a very rewarding experience. I have never been treated so well .The staff I dealt with could not have been more helpful or informed. I can't thank them enough.

Ridgefield Conn.

Main office great, satellite so so

3

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.

Danvers,ma

Easy, fast, professional

5

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

McLean, VA

Home Equity Reviews

4.9 135

100.0

*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.