Home Equity

Get fast, flexible access to your home's equity

Overview

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.

  • No application fees
  • No minimum draw requirement
  • No closing costs*



Line 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 Card

  • 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.



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Rates

Home Equity 3 in 1 Advantage Plan

  •  Rates effective 02-27-2017
Line of Credit and Visa Platinum Credit Card APR1 Payment per $1,0002 Alert Me
To 75% LTV (Prime - 1/2%) 3.25% Varies
76% to 85% LTV (Prime + 1/2%) 4.25% Varies
Over 85% LTV (Prime + 1 1/2%) 5.25% Varies
Fixed Rate Advance - To 75% LTV Alert Me
Up to 5 years 3.49% $18.19
5 to 10 years 4.49% $10.36
10 to 15 years 4.99% $7.90
15 to 20 years 5.99% $7.16
Fixed Rate Advance - 76% to 85% LTV Alert Me
Up to 5 years 3.74% $18.30
5 to 10 years 4.74% $10.48
10 to 15 years 5.24% $8.03
15 to 20 years 6.24% $7.30
Fixed Rate Advance - Over 85% LTV Alert Me
Up to 5 years 3.99% $18.42
5 to 10 years 4.99% $10.60
10 to 15 years 5.49% $8.17
15 to 20 years 6.49% $7.45
Apply for a Home Equity
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.

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
  • 1APR=Annual Percentage Rate.
  • 2Repayment amounts will vary depending on the term. This example is estimated for the maximum term.

Home Equity Early Disclosure / Terms

Non-usage Fee: During the draw period, when there are no advances taken for any twelve (12) consecutive months following your anniversary date, you agree to pay the Lender a Non-Usage fee of $50.00.

Reviews

REVIEW SNAPSHOT®

by PowerReviews
HFCUHome Equity Reviews
 
4.9

(based on 72 reviews)

Ratings Distribution

  • 5 Stars

     

    (67)

  • 4 Stars

     

    (2)

  • 3 Stars

     

    (2)

  • 2 Stars

     

    (0)

  • 1 Stars

     

    (1)

Reviewed by 72 customers

Displaying reviews 1-10

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5.0

HFCU HELOC

By 

from Undisclosed

Verified Buyer
Site Member

Comments about HFCU Home Equity Reviews:

Jennifer R. is amazing. She is a professional, responsive, and courteous in answering all my questions. I highly recommend her and her staff. Thanks HFCU!

 
5.0

Equity Loan

By 

from Sandown

Verified Buyer
Site Member

Comments about HFCU Home Equity Reviews:

Joan D. rocks!

 
5.0

Loan

By 

from Newtonville

Verified Buyer
Site Member

Comments about HFCU Home Equity Reviews:

Excellent!

 
5.0

HELOC

By 

from Wakefield, MA

Verified Buyer
Site Member

Comments about HFCU Home Equity Reviews:

Anna M., our loan officer, is knowledgeable, personable, and accommodating - just can't say enough about her true professionalism. The application process was streamlined and efficient. Had it not been for a short delay on our end, we could have closed even more quickly, in any event, an astounding fast turnaround time. My husband was impressed that a financial transaction could be such a friendly and stress-free experience.

 
5.0

Home equity

By 

from Canton

Verified Buyer
Site Member

Comments about HFCU Home Equity Reviews:

Very impressed with the timeframe for completing

 
5.0

Home Equity Loan

By 

from Nashua, NH

Verified Buyer
Site Member

Comments about HFCU Home Equity Reviews:

This process went very smoothly

 
5.0

Home Equity Loan

By 

from Washington DC

Verified Buyer
Site Member

Comments about HFCU Home Equity Reviews:

I wanted to use the equity in my current home to pay cash for a new one.
HFCU Home Equity Loan made it quick and easy, and with automatic repayment from my checking account.

 
5.0

Loan

By 

from Newtonville,Ma02460

Verified Buyer
Site Member

Comments about HFCU Home Equity Reviews:

I was extremely satisfied. I would recommend others to her

 
5.0

HELOC at HFCU

By 

from MITRE Bedford

Verified Buyer
Site Member

Comments about HFCU Home Equity Reviews:

This was my third HELOC that I arranged through HFCU. I always shop around but HFCU not only come out on top but also has great customer service and an easy to use web site. I also have HFCU checking/savings with auto bill payer which alleviates most of my bill payment chores. At the end of the year, it has been easy to categorize my spending and confirm what I estimated I need for each category. I've been with HFCU since 1982 and have had no issues.

 
5.0

Home Equity Loan

By 

from Nashua NH

Verified Buyer
Site Member

Comments about HFCU Home Equity Reviews:

Rhonda P. worked our home equity line of credit. She lead us through the complete process. We felt very comfortable with her, she answered all of questions and addressed our concerns. I want to thank her for all of her assistance.

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*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.