Home Equity

Our Home Equity Plan includes a home 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.

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 04-26-2019
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.
  • 1APR=Annual Percentage Rate. Rates shown are the lowest possible rates currently offered. Other rates are available, based on your credit profile and loan terms.
  • 2Repayment amounts will vary depending on the term. This example is estimated for the maximum term.

Real Reviews from Real Hanscom FCU Members

Very easy, clear and professional. Highly recommended.

5

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.

New Hampshire

true

Ms. Farhardi from the McClean VA office was great!!!

5

Ms Farhardi made the process a fantastic customer experience, Promt, informative and crystal clear in her communication. She is a great representative of Hanscom

Marshall VA

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HFCU made it easy.

5

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.

Mansfield MA

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Like dealing with family...

4

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.

NH

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Excellent service

5

Annita was awesome throughout the entire process . Very informative and always a pleasure to deal with .

Culpeper va

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Efficient loan application process and approval!

5

Informative and helpful loan officers.

Massachusetts

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Easy and Efficient

5

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

Watertown, MA

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Great service

5

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

Lynn Massachusetts

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Excellent In-Person Service!

5

In-person help at the local HFCU was perfect.

Boston, MA

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Home Equity Loan

5

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.

Billerica Mass

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Home Equity Reviews

4.8 201

98.4