Home Equity
Borrow more. Pay less.
Need cash to write a big check? Get your home’s equity working for you with our Home Equity Line. Whether you need cash for a wedding, college tuition, home improvements or simply consolidating debt.
Borrow up to 80% of the equity in your home and pay only 2.74% APR* fixed for the first year. After the first year, your APR will be Prime minus 0.51% subject to a minimum of 3.74%. The APR after the first year may vary monthly as the Prime Rate changes.
Direct Federal Home Equity Line benefits:
- Apply in minutes
- Close quickly
- Lines from $20,000 to $200,000
- No application fees or closing costs
- No annual fees
- 10 year draw period
- Interest may be tax deductible
- No recording fee
- Free appraisal, title search and credit report
*Rate effective as of January 5, 2011 and subject to change without notice.
