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Farmers Insurance Federal Credit Union

Routing Number: 322077795

front of home in neighborhood

Non-Owner Occupied Home Equity

As Low As 7.74% APR

Introducing Non-Owner Occupied Home Equity Loans!
Now you can afford to renovate your vacation or rental property, adding value and comfort with more affordable financing. Rates as low as 7.74% APR* for qualifying borrowers who enroll in Direct Deposit and Auto Pay.

Available only for Rental Properties, Second Homes and Vacation Homes.

Subordination Requirements: email or fax your Subordination Request form to 323-209-6736.

Demand for Payoff: email or fax your Demand with Borrower Authorization to 323-209-6736 (Turnaround time is 24-48 hours).

Disclosures

Non-Owner Equity Loan
  • Required 6 months’ worth of cash reserves on deposit with the Credit Union at the time of funding
  • Borrow up to 75% of your Home’s equity
  • Minimum FICO 720
  • Loans up to $350,000
  • Terms up to 180 months
  • Rates as low as 7.99% APR for qualifying borrowers who enroll in Direct Deposit and Auto Pay (If you do not enroll, rates as low as 8.99% APR)
  • No prepayment penalty
  • Rental properties, Second home and Vacation homes only
  • Available in all states except AL, AK, FL, HI, and LA
  • Manufactured Homes are not available

APPLY TODAY

Non-Owner HELOC
  • Required 6 months’ worth of cash reserves on deposit with the Credit Union at the time of funding
  • Borrow up to 75% of your Home’s equity
  • Minimum FICO 720
  • Apply for up to $350,000
  • Rates as low as  7.74%  APR for qualifying borrowers who enroll in Direct Deposit and Auto Pay (If you do not enroll, rates as low as 8.74% APR)
  • No prepayment penalty
  • Rental properties, Second home and Vacation homes only
  • Available in all states except AL, AK, FL, HI, LA, and TX
  • Manufactured Homes are not available

APPLY TODAY

*APR = Annual Percentage Rate. Subject to credit approval. Home equity products are secured by your home. HELOC APR is variable and may increase or decrease after account opening. Variable APR is based on the stated index plus a margin determined at account opening, where applicable. 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. The maximum APR that may be imposed is 18% or the maximum permitted by applicable law, whichever is less. Actual APR may vary based on creditworthiness, loan-to-value, underwriting factors, and product type. Property insurance may be required. Third-party fees may apply. Additional refinance or property-related fees may apply where stated. Terms and conditions apply. 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. NMLS #408877. Equal Housing Lender.

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

Non-Owner Occupied Equity Loans— The advertised loan is a 15 year Fixed Rate Loan with a 15 year fully amortizing term. The interest rate is 8.99% for 180 months. The disclosed APR is 8.99%. Example on a loan amount of $150,000.00 the monthly principal and interest payment would be approximately $1,521.00 for 180 months. Loan Requirements: 1) Minimum FICO 720, 2) Maximum Combined Loan-To-Value of 75%, 3) 6 months’ worth of cash reserves on deposit with FIGFCU at the time of funding, 4) Maximum Debt-To-Income 50%, 5) Maximum term 180 months, 6) Direct Deposit Discount available. Non-Owner Occupied: Rental Properties, Second Home and Vacation homes only. Loans are subject to Credit Approval and verification of information, your credit history, the location and type of property, and other factors as determined by Lender. Not available in all states. Rates and Terms are effective 07/16/2025 and are subject to change without notice.