Put Your Home's Equity to Work for You
Unlock your home’s potential with a Home Equity Loan or Home Equity Line of Credit from APCI Federal Credit Union.
Not sure which option is best for you?
Unlock your home’s potential with a Home Equity Loan or Home Equity Line of Credit from APCI Federal Credit Union.
Not sure which option is best for you?
Features | Home Equity Loan1 | Home Equity Line of Credit1 |
---|---|---|
Variable Interest Rate | ||
Revolving Line of Credit | ||
Fixed Interest rate and payment | ||
One-time fund disbursement | ||
Draw funds as needed | ||
Borrow up to 85% of your home's value | ||
Borrow up to 80% of your home's value | ||
No fees, points, or closing costs2 | ||
1 Please review our list of eligible states for Real Estate Secured Loan products. This loan can only be secured by your primary residence or second home. APCI FCU does not offer financing on land loans, investment properties, manufactured homes, mobile homes, multi-family homes, homes located in a commercial zoned area, or homes deeded under a Trust Agreement. If the Home Equity Loan does not close and disburse within 90 calendar days from the date on your loan estimate, the loan request will be considered closed and you will need to reapply.
2 There are no fees associated with this loan product; however, appraisal fees in excess of $500 and recording fees in excess of $200 will be the responsibility of the borrower. Appraisal fees are generally less than $500. States with high recording fees include, but are not limited to: CA, NY, MD, KS, FL, VA, and the Parish of Orleans in LA. Recording fees in most states are under $200.
Rates effective October 1, 2024, at 7:30 am ET
Rates are subject to change.
If you are interested in refinancing your existing APCI Federal Credit Union Real Estate Loan without requesting additional funds, please contact us. We have a special program for rate/term refinances.
Account Type | Rate | APR* | Pymt Based on $1,000 Borrowed on Rate |
---|---|---|---|
Variable Rate Home Equity Line of Credit | |||
Prime rate minus 1/2%: floor of 4% & cap of 18% | 7.50% | 7.50% | $12.00 with a minimum of $100 per month |
Fixed Rate Home Equity | |||
5 years | 5.74% | 5.74% | $19.22 |
7 years | 6.24% | 6.24% | $14.73 |
10 years | 6.24% | 6.24% | $11.23 |
15 years | 6.49% | 6.49% | $8.71 |
20 years | 6.99% | 6.99% | $7.75 |
* APR = Annual Percentage Rate. Line of Credit rate is variable and subject to change after loan account is open. |
Loan - Real Estate
Please reference the following information before starting your application.