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 take out money for a special purpose (home improvements, remodels, debt consolidation), but do not want to touch their first mortgage.
NEW! AFCU now offers a HELOC for your investment properties!
Features of an Investment Property HELOC:
- Borrow from $20,000 to a maximum of $400,000
(depending on credit, income and property qualifications)
- $5,000 initial advance required; $500 minimum thereafter
- Mortgage Lending in ALL 50 United States and the District of Columbia*
- Investment Properties only
- Borrow funds as needed: make advances via AeroAccess Online or Mobile Banking, phone, or in-person
- Competitive Rates*
- 10 year draw period, and payments are based on a 15 year repayment period from last advance.
- Maximum Combined Loan to Value (CLTV) Ratio 80%
- No annual fees
- Rates as low as 7.75% APR* variable rate, based on creditworthiness
- Closing costs vary by state and loan amount, but generally range from $900 to $1,500
- Property insurance required
Apply Now
To speak with a knowledgeable mortgage team member, call 800-795-2325, option 7
Features of a Primary Residence HELOC:
- Borrow from $20,000 to a maximum of $400,000
(depending on credit, income and property qualifications)
- $5,000 initial advance required; $500 minimum thereafter
- Mortgage Lending in ALL 50 United States and the District of Columbia*
- Primary residences only
- Borrow funds as needed: make advances via AeroAccess Online or Mobile Banking, phone, or in-person
- Competitive Rates*
- 10 year draw period, and payments are based on a 20 year repayment period from last advance.
- Maximum Combined Loan to Value (CLTV) Ratio 80%
- No annual fees
- Rates as low as 7.75% APR* variable rate, based on creditworthiness
- Closing costs vary by state and loan amount, but generally range from $900 to $1,500
- Property insurance required
Apply Now
To speak with a knowledgeable mortgage team member, call 800-795-2325, option 7