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 70% of the equity in your home and pay as low as Prime Only (never below 5.00%) for the term of the line! At 5.00%*, you can borrow $50,000 and pay $208 per month with our interest-only payment plan.
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 November 1, 2009, based on 70% loan-to-value (LTV) and credit score. The minimum rate is 5.00%. Maximum rate is the lesser of 21% or the maximum allowed by law.
