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.
Use this calculator to determine the home equity line of credit amount you may qualify to receive.
| Line of Credit and MasterCard Platinum Credit Card | APR1 | Payment per $1,0002 | Alert Me |
|---|---|---|---|
| To 75% LTV (Prime - 1/2%) | 5.00% | Varies | Receive a notification when this rate changes |
| 76% to 85% LTV (Prime + 1/2%) | 6.00% | Varies | Receive a notification when this rate changes |
| Over 85% LTV (Prime + 1 1/2%) | 7.00% | Varies | Receive a notification when this rate changes |
| Fixed Rate Advance - To 75% 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 - 76% to 85% LTV | Alert Me | ||
| Up to 5 years | 4.99% | $18.98 | Receive a notification when this rate changes |
| 5 to 10 years | 5.49% | $10.97 | Receive a notification when this rate changes |
| 10 to 15 years | 5.74% | $10.97 | Receive a notification when this rate changes |
| 15 to 20 years | 6.49% | $7.60 | Receive a notification when this rate changes |
| Fixed Rate Advance - Over 85% LTV | Alert Me | ||
| Up to 5 years | 5.24% | $18.98 | Receive a notification when this rate changes |
| 5 to 10 years | 5.74% | $10.97 | Receive a notification when this rate changes |
| 10 to 15 years | 5.99% | $8.43 | Receive a notification when this rate changes |
| 15 to 20 years | 6.74% | $7.60 | 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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Everything about this experience was easy. We did this mostly online with the exception of signing papers. The location was easily accessible and the process was quick.
NH Irene
New Hampshire
Ms Farhardi made the process a fantastic customer experience, Promt, informative and crystal clear in her communication. She is a great representative of Hanscom
Mark
Marshall VA
I applied for my home equity loan during the government shut down. As you can imagine tithe HFCU staff were pretty busy. Once we put all of our documents together things moved pretty quickly. The closing happened at our home.
Jim
Mansfield MA
Staff friendly, courteous and efficient. Carol B, specifically! She and the underwriters knew my background with the credit union and accepted my explanation that the one 'adverse occurrence' on one of the credit bureaus was an error and 'in dispute.' Note: I had to delete Carol's last name and the credit unions' four initials (Hanscom Federal Credit Union) that I used as an abbreviation because your 'profanity/restricted word filter' stinks and you should get a refund.
Dean
NH
Annita was awesome throughout the entire process . Very informative and always a pleasure to deal with .
Mike
Culpeper va
Informative and helpful loan officers.
Pat Martone
Massachusetts
We have used the equity in our home through HFCU on two occasions in the past 10 years and they make the process easy and efficient. They will inform you of the process and where it could be delayed right up front. Any delays, although they were short were always on my end. HFCU is top shelf in my mind. Paul
Paul
Watertown, MA
I've been with hascom come over 7 years. I do not ser myself bancking may anywhere else. Love the Friendly service i get in all the branches i go to. Thank you and keep Up the good work
World Travler
Lynn Massachusetts
In-person help at the local HFCU was perfect.
Boston Man
Boston, MA
The folks from the Billerica Mass office were totally unbelievable in how the ease of this loan went. From the initial smiling greeting from the dedicated teller to the ease of closing with the branch manager. I could not have asked for a better service. They should all be commended for not only treating me but all the other members that came in while i was there with a smile and kind greeting. Thanks to all for a job well done.
ralph
Billerica Mass
98.4
2113-8048-3
