Skip to Sitemap
We're ready to help.

For our members currently in Florida, South Carolina, and nearby states, our thoughts are with you and we are prepared to assist you if you are directly impacted by Hurricane Ian. Read more.

Andrews Federal Credit Union
  1. Home
  2. Borrow
  3. Home Loans

Home Equity Loans and Lines of Credit

You work hard to make your mortgage payments, now let your home, or elsewhere reward you.
  • Take advantage of the value in your home
  • Tackle home improvement projects or make big purchases
  • Borrow up to $350,000
  • Save money with low interest rates

You could remodel a room. Or reshape your future.

With an Andrews Federal Credit Union Home Equity Line of Credit (HELOC) or Loan, there are no strings attached. While it's the value of your home that gives you access to money at a low cost, nothing says you have to spend it on a no-frills improvement project. So go ahead and pay for college, travel the world, kick-start a new business, or knock a few key items off your bucket list.

Fund life's big moments with your home's equity

Sometimes life comes at you harder than you expect. Home equity funds are a good way to cover unexpected expenses and big medical bills, or to consolidate other higher-rate debt. There's something to be said for buying a little peace of mind.

Home Equity Loan

Sometimes you need a big chunk of money right away. A Home Equity Loan puts thousands of dollars in your hands right off the bat to tackle big-ticket projects, purchases, and expenses.

  • Fixed-rate loan
  • Interest rates as low as 10.49% APR*
  • 15-year repayment period
  • Borrow up to 95% of your home’s value (minus the amount remaining on your mortgage)1
  • Loan amounts $25,000 to $350,000

Home Equity Line of Credit (HELOC)

Take advantage of the value in your home with a HELOC to tackle home improvement projects, consolidate debt, pay for educational expenses, make big purchases and more. A HELOC gives you easy access to the funds you need to make those things a reality.

  • Variable rates as low as WSJ Prime Rate APR (currently 5.5% as of October 1, 2022)2
  • Borrow up to 95% of your home’s value (minus the amount remaining on your mortgage)
  • Access money when you need it through Online and Mobile Banking
  • Credit Lines of $25,000 to $350,000

Auto Smart

Scope out a brand new set of wheels and enhanced peace of mind.

View our Auto Smart car selection.

Learn More

$13,405,796 - Total member benefit arising from lower interest rates on loan products.

We do business in accordance with the Equal Credit Opportunity Act. Must be a member of the credit union to open any loan account. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Subject to credit and property approval. Closing costs vary and will depend on the location of the property and the amount of the loan. Property insurance is, and flood insurance may be, required. Additional restrictions may apply.

*APR=Annual Percentage Rate.

1As a member, you may borrow up to 95% of your home’s value minus the amount remaining on your mortgage.

2Variable rate is based on The Wall Street Journal Prime Rate plus a margin, adjusted quarterly. The annual percentage rate will not fall below 4.00% APR during the term of the line of credit. Subject to credit and property approval. Minimum loan amount is $25,000. Maximum loan amount will be based on the amount of equity available, based on the appraised value of your home, up to a maximum of $350,000. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Property insurance is, and flood insurance may be, required. Additional restrictions may apply. Rates and APRs are subject to change without notice.

Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.