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Our branches are open. Masks are required. Please note that our Moakley branch is currently open on Mondays and Wednesdays only. 

Home Equity

Our Home Equity Plan includes a home equity line of credit, with options for fixed loans and a convenient credit card in one handy package.

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.

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

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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FAQs

Home Equity Loan Rates

Table data for Home Equity 3 in 1 Advantage Plan
 Rates effective 08-06-2020
Line of Credit and MasterCard Platinum Credit Card APR1 Payment per $1,0002 Alert Me
To 75% LTV (Prime - 1/2%) For new loan applications as of April 1st, 2020, the HELOC rates are subject to HFCU’s Floor Rate of 3.49%. 3.49% Varies Receive a notification when this rate changes
76% to 85% LTV (Prime + 1/2%) 3.75% Varies Receive a notification when this rate changes
Over 85% LTV (Prime + 1 1/2%) 4.75% 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 4.49% $10.36 Receive a notification when this rate changes
10 to 15 years 4.74% $ 7.77 Receive a notification when this rate changes
15 to 20 years 5.49% $6.87 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 4.74% $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 5.74% $7.02 Receive a notification when this rate changes
Fixed Rate Advance - Over 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 5.99% $7.16 Receive a notification when this rate changes
Apply for a Home Equity Receive a notification when this rate changes
*For new loan applications as of April 1st, 2020, the HELOC rates are subject to HFCU’s Floor Rate of 3.49% 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, Alaska, Hawaii, 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. Rates shown are the lowest possible rates currently offered. Other rates are available, based on your credit profile and loan terms.
  • 2Repayment amounts will vary depending on the term. This example is estimated for the maximum term.

Real Reviews from Real Hanscom FCU Members

awesome service

5

Amazing. Joan even came to our house to complete the signing process....

lexington MA

true

Great Rates, Top Representative

4

I was very pleased with my representative and the way she handled the process. She even came out to the house during the pandemic to have us sign paperwork. However, it seemed to take forever to get this finished up. I'm sure all the shut downs didn't help, but from the time we started ( an I attempted to get all the required documentation to as quickly as I could ) we just barely got everything completed be fore we would have to had begun the process again!

Dover, MA

true

Took way too long

1

Had to call to remind them to send the checks

burlington, ma

false

Great value, fas and easy

5

great value!

smithfield, RI

true

Top tier Service- Great HELOCs

5

We recently got our 2nd HELOC with HFCU and both times the process was smooth and easy. Plus, HFCU has the best rates and terms. We have recommended Hanscom to our friends and family as the best HELOC option available. And Carol in Boston is wonderful!

La Jolla

true

I love HFCU! They are always reliable and dependable.

5

I love HFCU! They are always reliable and dependable when I have banking needs. They have been there for our family many times. Now all of my family are members.

Acton

true

HELOC Process Quick and Simple

5

Great rates for my HELOC and superb customer service

Palmyra PA

true

Excellent Customer Service

5

Our Home Equity Line of Credit application was the smoothest process I've ever been thru. The Manager who assisted us thru the process was excellent in his knowledge, process, customer care, follow up from start to finish.

Bedford, MA

true

Great experience

5

Great experience, quick approval

Massachusetts

true

Easy to do even in these challenging times.

5

From start to finish, the process to get our equity loan could not have been smoother. Our load originator was very knowledgeable and explained everything to us. And when we had to go into the bank for the closing, everything went smoothly and quickly to get us in and out as soon as possible.

Lowell, MA

true

Home Equity Reviews

4.8 263

96.3