Great Experience; Convenient, Quick, and Professional!
5
Jamie was most helpful with the entire HELOC Process, and accommodating with the Closing Appointment. Jamie was very Courteous and Professional.
MSR
Haverhill, MA
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Get fast, flexible access to your home’s equity
Lines 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 Cards
- 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.
No Application Fees
No Minimum Draw Requirements
No Closing Costs*
*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.
Contact Us
FAQs
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Home Equity Line of Credit Calculator
Use this calculator to determine the home equity line of credit amount you may qualify to receive.
Home Equity Rates
| Line of Credit and MasterCard Platinum Credit Card | APR1 | Payment per $1,0002 | Alert Me |
|---|---|---|---|
| To 75% LTV (Prime - 1/2%) | 4.50% | Varies | Receive a notification when this rate changes |
| 76% to 85% LTV (Prime + 1/2%) | 5.50% | Varies | Receive a notification when this rate changes |
| Over 85% LTV (Prime + 1 1/2%) | 6.50% | Varies | Receive a notification when this rate changes |
| Fixed Rate Advance - To 75% LTV | Alert Me | ||
| Up to 5 years | 4.24% | $18.53 | 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 | 4.49% | $18.64 | 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 | 4.74% | $18.75 | 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. |
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Real Reviews from Real Hanscom FCU Members
Great branch manager (Lucy) extremely caring, helpful.
5
Easy process and quick closing
Bobby
Dorchester MA
Great value and easy application process
5
Been a customer for many years. Wouldn't want to deal with any other F.I.
Camel
Reading Ma
1000 miles away here in sarasota. Convienient promot careing
4
1st rate job. Everything at house which is in sarasota. Thank you
Jimchet1978
Sarasota fl
Great deal even with a hiccup
4
I had to do my closing twice due to a technicality otherwise it would have been a 5 star review. Even with the hiccup Jamie was pleasant to work with and responsive to all my questions.
Reggie
Montclair, NJ
Easy peasy
5
I have worked with Belkis twice now and she's terrific. She communicated regularly and was very accommodating.
Happy home
Boston, ma
HELOC
5
Sara was amazing, helpful, reassuring and professional. She was extremely personable and made us feel so comfortable through the entire process. Even had reached out to us a few times since the closing to check in and help with any follow up.
Ann Marie
Hyde Park
Great options
5
I was searching for a long time to find a fairly large HELOC. No other credit unions offered the terms I was looking for. Hanscom had exactly what I was looking for and Allison administered it very effectively and efficiently.
BD
Woodbine, MD
The best and makes you feel like family
5
Carol in loans and Laurie in accounts are the best. Thank, Ladies! Greg
Greg
Regina, PZ
Great Value
5
Great product Great Staff
Tom Quintal
Stoneham Ma.
Home Equity Reviews
4.9
165
98.9
Routing #
2113-8048-3
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This credit union is federally insured by the National Credit Union Administration.