Home Equity

Our 3-in-1 Advantage Plan is an 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.
  • 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

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 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.

Acton, MA

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better than good

5

Quick and responsive - a pleasure.

Newton

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Customer Experience

5

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

Dracut, Massachusetts

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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.

Haverhill, MA

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Great branch manager (Lucy) extremely caring, helpful.

5

Easy process and quick closing

Dorchester MA

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Great value and easy application process

5

Been a customer for many years. Wouldn't want to deal with any other F.I.

Reading Ma

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1000 miles away here in sarasota. Convienient promot careing

4

1st rate job. Everything at house which is in sarasota. Thank you

Sarasota fl

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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.

Montclair, NJ

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Easy peasy

5

I have worked with Belkis twice now and she's terrific. She communicated regularly and was very accommodating.

Boston, ma

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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.

Hyde Park

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Home Equity Reviews

4.9 168

99.0