HELOC - Home Equity Line of Credit
AFCU’s variable-rate Home Equity Line of Credit (HELOC) offers one of the lowest rates available in today's market. AFCU’s HELOC is an ideal source of funds for members who want to do some home improvement, pay some bills, take out some money for a special purpose (education, wedding, medical costs, etc.), or have a “just in case” reserve but do not want to touch their first mortgage.
Features of a Home Equity Line of Credit:
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Borrow from $20,000 to $200,000 (depending on credit, income and property qualifications)
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$5,000 initial advance required; $500 minimum thereafter
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Primary residences only
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Borrow funds as needed: make advances via AeroAccess Online or Mobile Banking, phone, or in-person
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Competitive Rates and low costs*
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10 year draw period, and payments are based on a 20 year repayment period
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Minimum rate – 2% APR*
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Maximum rate – 6% over initial rate
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Maximum Combined Loan to Value Ratio (CLTV) 80%
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No annual fees
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Rates as low as 3% APR* available, based on creditworthiness
Apply Now
To speak with a knowledgeable mortgage team member, call 800-795-2325, option 7