FIGFCU Home Equity Loans and Home Equity Lines of Credit

While many banks have made getting a Home Equity Loan more challenging—we’ve made it easier with even better rates. We just cut our Home Equity Loan rates as low as 6.99% APR* for qualifying borrowers who enroll in Direct Deposit and Auto Pay.

A HELOC is another great option to get cash out of your home with rates as low as 6.74% APR* for qualifying borrowers who enroll in Direct Deposit and Auto Pay.

Borrow up to 100% of your home’s equity to help pay for home improvements, education expenses, and medical bills, consolidate high credit card debt—it’s up to you. Your loan interest may also be tax deductible.

Review the features of our Home Equity Loan and HELOC now, then apply today. Tapping into your home’s cash has never been easier.

Fixed Rate Home Equity Loans

Borrow up to 100% of your home’s equity (80% LTV for Texas residents)
80/20 for Purchases
Loans up to $750,000
Terms up to 240 months
Rates as low as 6.99% APR for qualifying borrowers who enroll in Direct Deposit and Auto Pay (If you do not enroll, rates as low as 7.99% APR)
Available on primary residences up to 4 units (only 1 unit in Texas)
Available in all states except AL, AK, FL, HI, and LA
Manufactured homes are not available

APPLY TODAY

Home Equity Line of Credit (HELOC)

Borrow up to 100% of your home’s equity
Apply for up to $750,000
Variable rates as low as 6.74% APR for qualifying borrowers who enroll in Direct Deposit and Auto Pay (If you do not enroll, rates as low as 7.74% APR)
Available on primary residences up to 4 units
80% LTV Max for Purchases
Available in all states except AL, AK, FL, HI, LA, and TX
Manufactured homes are not available

APPLY TODAY

*APR = Annual Percentage Rate. APR is the cost of credit expressed as a yearly rate. “As low as” APRs are available to qualified applicants; your actual APR may vary based on creditworthiness, loan-to-value (LTV), underwriting factors, and product type. Rates/APRs are subject to change at any time. Home equity loans and home equity lines of credit are secured by your home.

HELOC APR is variable and may increase or decrease after account opening. The variable APR is based on the Wall Street Journal Prime Rate (the “Index”) plus a margin. The margin is determined at account opening. As the Index changes, your APR may change. The APR is subject to change with changes in the index and will apply until the next rate adjustment in accordance with the Home Equity Agreement. Rate adjustments are capped at 2.00% per year. Maximum APR is 18.00%. Closing costs are paid by the member; third-party fees (such as appraisal, title, recording, and other closing costs) may apply and vary—an estimate is available upon request. Property insurance may be required. Additional refinance or property-related fees may apply where stated. Terms and conditions apply. No prepayment penalty.

1.00% rate discount requires a minimum of $1,000 monthly ACH Direct Deposit or Agent Net Check into a Credit Union Checking Account and Automatic Payment/Folio Deduction as the repayment method to qualify.

There is a $500 refinance fee for Home Equity Loans booked within the last 12 months, unless $20,000 new cash is added to the loan request.

Farmers Insurance Federal Credit Union: NMLS# 408877.

Interest may also be tax deductible. The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes. Consult a tax adviser for further information regarding the deductibility of interest and charges.

Subordination Requirements: Email or fax your Subordination Request form to 866-357-3985.

Demand for Payoff: Email or fax your Demand with Borrower Authorization to 866-357-3985 (Turnaround time is 24-48 hours).

Membership eligibility required.

Home Equity

As Low As 6.74% APR!

TOP RATES ON ALL DEPOSITS!