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Home Equity Loans
Once you have established some equity built up in your home, you can use a Home Equity Loan to convert a portion of your home’s value into cash. Many of our members use Home Equity Loans to pay for home improvements, vacations, debt consolidation or college tuition. This popular form of borrowing offers some unique advantages:
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Generous loan amounts
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A low fixed interest rate
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5-15 year term
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Quick approval
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No annual fees, attorney's fees, appraisal fees or pre-payment penalties
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No credit union closing costs*
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Your interest may be tax deductible (consult your tax advisor)
Home Equity Line of Credit
For flexible, convenient borrowing power, a Home Equity Line of Credit just can’t be beat. Once your line of credit is in place, you can draw on it quickly and easily, whenever an expense comes up. You pay only when you borrow money, and as you make payments to us those funds again become available to you. You will enjoy:
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Generous credit limits, up to 90% of your home's appraised value
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Quick approval
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Free check access
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No annual fees, attorney's fees, appraisal fees or pre-payment penalties
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No credit union closing costs*
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10 year draw period; 10 year repayment thereafter
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Your interest may be tax deductible (consult your tax advisor)
 What can we do for you today?Click here for current rate information, or click here to apply online. If you would like to speak to a Financial Service Associate, please contact our Member Call Center at 1-888-FAA ER FCU (1-888-322-3732).
*Some state residents are subject to mortgage tax.
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