Best service
5
I always like doing business with you. Your service is amazing.
Faina
Salem, MA
Free guide
The pros and cons of credit cards Download now
CU Thrive: Saving is Easy
Reward yourself with a terrific rate. Learn more
Mobile Deposits
Make check deposits 24/7 from your mobile device or computer. Learn more-
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
-
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%) | 4.75% | Varies | Receive a notification when this rate changes |
| 76% to 85% LTV (Prime + 1/2%) | 5.75% | Varies | Receive a notification when this rate changes |
| Over 85% LTV (Prime + 1 1/2%) | 6.75% | 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 | ||
| 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. |
|||
Real Reviews from Real Hanscom FCU Members
Everything banking
5
I was so surprised on the quick turn around to get approved for a loan. Staff were so kind & friendly & they even offered different loan plans that was suited for me.
KR
Ma
Great service!
5
Excellent!
DWilly
Framingham, MA
Great service, less red tape, accomodating
5
Hanscom Credit Union treated me as a valuable new potential customer, not as an annoyance, like some of the bigger banks did. Was approved in less time than the big banks would have done. It went so well, I bought my loan representative flowers !
Bruce from Bedford
Bedford, MA
Great value and staff that always works with you
5
Abian always does an exceptional job
Huk
Reston, VA
Great service w/my equity loan
5
I had such an easy time applying and working with the loan officer with this process. Highly recommended. I did not like the company who was brought in to value my house. I didn't agree with them but the credit union was great.
Joe Masone
Leominster MA
the service is good
4
the account opening is a little bit confusing. I have to try several times to get it set up.
Xianfeng
San Jose CA
Fast and easy home equity loan
5
The loan application is fast, easy, painless and hassle free. So happy to get it done.
Jan8888
Lexington, MA
HFCU is my go to financial institution
5
I have been a member of HFCU since 1974. It is the only bank I have and will only have. Why? Because of the great service, the extra mile they go to help you, competitive rates, low required account balance, and I could go on an on. HFCU has always been there when I needed guidance or a loan.
DWG
Nashua NH
exceptional
5
HFCU has an excellent team of loan officers. Very thankful for the assistance provided.
HELOC
Boston, MA
Home Equity Reviews
4.9
180
99.1
Routing #
2113-8048-3
- 2018 © Hanscom Federal Credit Union. All rights reserved.
This credit union is federally insured by the National Credit Union Administration.