Home Equity

Tap into your home's equity without extending your budget.

Using a Home Equity Loan or Line of Credit is a smart way to consolidate debt, make home repairs, invest in education or finance unexpected expenses.

Home Equity Line of Credit

Choose a Home Equity Line of Credit for greater flexibility with easy access to funds on an ongoing basis. Qualify today and enjoy:

  • Introductory rate of 1.90% APR for the first 6 months
  • Variable rates as low as 4.00% APR after the introductory period
  • Borrow up to 95% of your home’s value
  • Interest-only payments during the draw period (minimum of $100)
  • Credit Lines $5,000 - $350,000

Home Equity Loan

With an equity loan, you get a one-time lump sum of cash you can use any way you like. Choose a low fixed rate and you’ll have up to 15 years to pay it back.  

  • Rates as low as 4.49% APR
  • Borrow up to 90% of your home’s value
  • A one-time payout to get your money up front
  • Loan amounts $5,000 - $350,000

Rates

Home Equity Lines of Credit - Variable Rate

  •  Rates Effective 01-18-2017
Line Amount APR Maximum Loan to Value Alert Me
$5,000 - $350,000 Prime minus 0.50%
As low as 4.00% APR*
95% Apply
*Upon expiration of the introductory rate, all balances will accrue interest at the variable APR (Annual Percentage Rate) in effect for your account. Variable rate is based on The Wall Street Journal Prime Rate plus/minus a margin, adjusted quarterly. The minimum APR is 4.00% with a maximum APR of 18.00%. Subject to credit and property approval. Minimum loan amount is $5,000. Maximum loan amount will be based on the amount of equity available, based on the appraised value of your home (loans with a loan-to-value ratio of 90% or more are limited to a maximum $200,000 credit line). Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Property insurance is, and flood insurance may be, required. Consult your tax advisor regarding the deductibility of interest. Additional restrictions may apply. Rates and APRs are subject to change without notice.

Home Equity Loans (Owner Occupied) Rates

  •  Rates Effective 01-18-2017
Term APR (as low as) Mimimun Loan Amount Monthly Payment Per Every $1,000 Borrowed Maximum Loan to Value Alert Me
72 months 4.49% $5,000 $13.90 90% Apply
120 months 4.99% $5,000 $10.60 90% Apply
144 months 5.49% $5,000 $9.50 90% Apply
180 months 6.49% $5,000 $8.71 90% Apply
Fixed rates available as low as 4.49% APR (Annual Percentage Rate) for owner-occupied properties with terms up to 180 months. Additional rates and terms are available; rates, terms and conditions may vary based on creditworthiness and qualifications and are subject to change. Subject to credit and property approval. Minimum loan amount is $5,000. Maximum loan amount will be based on the amount of equity available, based on the appraised value of the property (loans with a loan-to-value ratio of 90% or more are limited to a maximum of $200,000). Appraisal is required – fee is paid upfront and is non-refundable. 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. Consult your tax advisor regarding the deductibility of interest. Additional restrictions may apply. Payment examples do not include taxes or insurance premiums, your actual payment may be higher. Escrow account may be required. Rates and APRs are subject to change without notice.

Debt protection

In today’s economy, anything can happen. That’s why we offer debt protection from LoanGuard. This amazing product can cancel or reduce repayment of your loan if life catches you by surprise. LoanGuard is available on all auto loans, credit cards, unsecured loans and lines of credit as well as home equity lines of credit. Ask about LoanGuard when you apply for a loan today.*

*LoanGuard is a debt protection product offered by Andrews Federal Credit Union and is not available on first mortgages. Enrollment in this debt protection product is voluntary and not required to obtain a loan. Please contact us for additional information on benefit maximums, eligibility, and limitations. Available online, through branches and via call center