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Andrews Federal Credit Union
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Home Equity Loans and Lines of Credit

About Home Equity Loans and Lines of Credit

Andrews Federal offers Home Equity Loans and Lines of Credit.

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. Currently, our home equity loan rate is 16.99% APR.*

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. Currently, our Home Equity Line of Credit rate is WSJ prime plus margin of 3.5% which equals a rate of 9.75% APR.*

Contact Us

For inquiries about our Home Equity Loans and Lines of Credit product rates and terms, please email us at [email protected] to inquire about additional terms and rates.

17-Month Winter Share Certificate Special Offer

Move your money and earn more!

Move your money to a Share Certificate and you'll earn more on your money with higher dividend rates. Our Winter Share Certificate special offer gives you 4.05% APY* for 17-months with $1,000 minimum to open the account.

View Rates

$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., a variety of Maryland counties including Prince Georges, St. Mary’s, Calvert and Charles, Northern Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.