The best of both worlds. Our fixed rate home equity line of credit combines the flexibility of a line of credit with the peace of mind knowing your rate is fixed.
- Borrow up to 80% of your home’s value excluding existing mortgages on terms of 5 or 10 years
- Fixed terms available up to 20 years which include a two year draw period
- Discounts on closing costs up to $1,000*
- Quick approval and closing time
- Automatic payments
- No application fee
Branch Appointment
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| Home Equity Fixed Rate Line of Credit
|
| Annual Percentage Rate (APR)
|
starting as low as
4.25%
|
| Rate
|
Fixed
|
| Payment Options
|
Principal and Interest
|
| Draw Period
|
2 years
|
| Maximum Financing
|
Up to 80% of home's value including existing mortgages
|
*No closing costs options are only available for equity lines with a $15,000 minimum draw required at closing. Closing costs up to $1,000 may be paid by FAIRWINDS. This includes the application fee, origination charge, appraisal, title insurance, settlement and search fees, recording fees, and mortgage document stamps. Closing costs over $1,000 are the responsibility of the member.
Loans are subject to credit union membership eligibility, credit approval, and verification of information provided on the application. Other terms and conditions may apply. Terms and conditions subject to change at any time without prior notice.
In order to open the loan plan, you must pay a flood zone determination fee of $20 to the Credit Union and certain fees to third parties which generally total between $300 and $3,800. You may request more specific cost information about third-party fees from the Credit Union. Property insurance on the property that secures the plan is required to open the plan.
FAIRWINDS Member Reviews
Home Equity Loan is rated
4.6 out of
5 by
181.
Rated 5 out of
5
by
Caturday from
Fairly painless.
Simple process. Most of the paperwork was done online. Did have to go in for closing. Was surprised by the score they used did not match the standard FICO score. Appreciate the online paperwork very much.
Date published: 2021-10-05
Rated 5 out of
5
by
KCH from
Expedient and Positive HELOC
I've been a member of Fairwinds for years and have been impressed with all of their products. They have competitive rates and great loan packages, and the staff is attentive and quick to respond to any questions.
Date published: 2021-07-23
Rated 5 out of
5
by
Mateus from
Professional Job. Well done!
All of the staff involved in the loan process were personable, professional, & knowledgeable. Job well done!
Date published: 2021-06-21
Rated 5 out of
5
by
dragonfly from
Easy
Fairwinds has always been there for me over my years of membership. Again, they did not disappoint in this new endeavor
Date published: 2020-03-15
Rated 5 out of
5
by
KO172 from
Fast service
Applying online was simple and fast. I was able to call and ask additional questions. Very friendly service.
Date published: 2020-01-28
Rated 5 out of
5
by
Dfr from
Customer Service
They have excellent customer service. Everything went smoothly.
Date published: 2019-11-23
Rated 5 out of
5
by
Nahid from
Exceptional customer service
I had a very pleasant experience with the staff and also got the best rate for my loan. Thank you :)
Date published: 2019-09-29
Rated 5 out of
5
by
The Ranger Cop from
Excellent: Fairwinds home loan
I have been a Fairwinds customer for many, many years. Every chance I get I try to use Fairwinds. This home loan was another example of excellent service.
Date published: 2019-09-25
