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.

Learn More

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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

Frequently Asked Questions

Home Equity Rates

Table data for Home Equity 3 in 1 Advantage Plan
Rates effective 08-17-2018
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, 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.↵ ²Repayment amounts will vary depending on the term. This example is estimated for the maximum term.↵

Real Reviews from Real Hanscom FCU Members

Oveall Good HELOC Exprience

5

Home equity line of credit application process was fast and easy, partly because we participated in HFCU heat loan program several months earlier so our credit information was already in the system and still valid. Start to finish was about 3 weeks. Home value assessment was spot on, which reduced anxiety on amount of credit available and enabled us to avoid a more costly construction loan/refi. Auto payments are easy to setup and manage. Smooth process overall.

HK

Acton, MA

2018-08-15

better than good

5

Quick and responsive - a pleasure.

CZ

Newton

2018-06-28

Customer Experience

5

Excellent Customer Service, follow up and efforts as always, from HFCU...

Mike

Dracut, Massachusetts

2018-06-23

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

2018-06-15

Great branch manager (Lucy) extremely caring, helpful.

5

Easy process and quick closing

Bobby

Dorchester MA

2018-06-06

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

2018-06-03

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

2018-06-03

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

2018-05-31

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

2018-05-29

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

2018-05-21

Home Equity Reviews

4.9 168

99.0

Home Equity

Lines of Credit

Fixed Rate Advances