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 04-19-2018
Line of Credit and MasterCard Platinum Credit Card APR1 Payment per $1,0002 Alert Me
To 75% LTV (Prime - 1/2%) 4.25% Varies Receive a notification when this rate changes
76% to 85% LTV (Prime + 1/2%) 5.25% Varies Receive a notification when this rate changes
Over 85% LTV (Prime + 1 1/2%) 6.25% Varies Receive a notification when this rate changes
Fixed Rate Advance - To 75% LTV Alert Me
Up to 5 years 3.99% $18.41 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 4.24% $18.53 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 4.49% $18.41 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 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

Great Value

5

Great product Great Staff

Stoneham Ma.

#1 THE BEST

5

absolutely the best lending institution ever from the beginning to to end, every step was painless,professional and pleasant, i love HFCU !

pascoag ri

.

5

The person who took my case had outstanding customer service.

Boston MA

Diana is the best !!!!!

5

I love Diana professionalism... she's incredible

Boston

Completely Satisfied

5

Working with Abian to secure our HELOC was a completely satisfying experience. HFCU's interest rate was the best available for us, and Abian explained and led us through the total process seamlessly. With her patience and competence, we secured the loan quickly and efficiently. Totally professional, from start to finish.

Herndon. VA

optimal service, professional and courteous

5

Rhonda in your home loans is the absolute Bomb, she's the absolute best.

Beverly MA

Excellent service, easy and pleasant.

5

I have been a member of Hanscom Federal Credit Union for a long time and it is because their service cannot be beat. Staff is pleasant, they are always happy to help, they explain your options in detail and they give advise as if it were their own financial situation, rates are great and varied options are available. The Staff at the Barnes bldg is wonderful, Cheako (sp)? W. has been so helpful to me over the years. She is a great employee of the Barnes Bldg staff. I do not like banks and will not leave HFCU, the shared branches are helpful now that I am retired. HFCU has served me well for over 40 years.

Weymouth, MA

Quick and easy overall

5

Despite a few paperwork follow-ups after I closed on the loan, my experience was quick and easy. I'm grateful to have HFCU in my corner when life happens!

Gloucester, MA

great service

5

xxx

cranston ri

Easy process, great loan agent

5

Our loan agent made the process easy and answered all my questions quickly and thoroughly.

Boston, MA

Home Equity Reviews

4.9 150

100.0