Super easy process!!
5
We applied for a 3-1 heloc and the process was straight forward and fairly simple.
Lou
Massachusetts
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CU Thrive: Saving is Easy
Reward yourself with a terrific rate. Learn about CU Thrive
Mobile Deposits
Make check deposits 24/7 from your mobile device or computer. Learn about EasyDeposit-
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.
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
What is a Home Equity Advantage Plan?
What are the closing costs with a Home Equity?
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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%) | 4.25% | Varies | Receive a notification when this rate changes |
| 76% to 85% LTV (Prime + 1/2%) | 5.25% | Varies | Receive a notification when this rate changes |
| Over 85% LTV (Prime + 1 1/2%) | 6.25% | Varies | Receive a notification when this rate changes |
| Fixed Rate Advance - To 75% 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 |
| Fixed Rate Advance - 76% to 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 | 6.24% | $7.30 | Receive a notification when this rate changes |
| Fixed Rate Advance - Over 85% LTV | Alert Me | ||
| Up to 5 years | 4.99% | $18.87 | Receive a notification when this rate changes |
| 5 to 10 years | 5.49% | $10.85 | Receive a notification when this rate changes |
| 10 to 15 years | 5.74% | $8.30 | Receive a notification when this rate changes |
| 15 to 20 years | 6.49% | $7.02 | Receive a notification when this rate changes |
| Apply for a Home Equity | Receive a notification when this rate changes | ||
| 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. |
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Real Reviews from Real Hanscom FCU Members
HELOC Loan
5
Fantastic and quick process from start to finish. Ashley was very helpful and made sure everything went as smoothly as possible.
D
Massachusetts
Great
4
Had good experiences, loan officer was great
Barbosa
Ct
Home Equity Loan Process
5
Worked with Carol at Hanscom AFB in getting an increase in an existing HELOC. Super nice, professional and responsive. I'd work with these folks before going to a bank. And the rates were really good!
Winelover
Connecticut
Experienced Professionals
5
I am quite pleased with the service, products, and kindness of the HFCU Professionals for my financial needs. Abian, my Loan Specialist, has consistently demonstrated how she is in my best interest during the life events I have experienced throughout my time with HFCU. I am very pleased.
Rob B
Arlington, Va
Good assistance from your staff overall.
4
My wife and I have been Hanscom members for several years and had several loans approved. However, your internal information sharing process could be improved. During the loan application process I was required to provide information or explain facts that should have been available to your staff by looking at our account information and loan history.
Mike
Westchester, Illinois
Fees
2
Fees never disclosed until closing. Much higher that other offers I reviewed. Issues with first payment on autodebit that have not been addressed.
Michael
Oak lawn IL
Excellent Customer Service
5
The staff were extremely helpful and knowledgeable. Megala ensured that I received the best rate and terms for my loan.
Denise
VA Brockton
great bank, thank you!
4
thank you, loan process was super easy and fast, thank you!
teo
fremont, ca
Great Experience!
5
Excellent service! I have taken out several loans throughout the years and am always happy with the results. I would definitely recommend their services.
Lynn
Hyannis, Ma.
Home Equity Reviews
4.8
230
96.8
Routing #
2113-8048-3
MAILING ADDRESS
Hanscom Federal Credit Union
Operations Center
25 Porter Road
Littleton, MA 01460-1434
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This credit union is federally insured by the National Credit Union Administration.