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 90% 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
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| Home Equity Fixed Rate Line of Credit
|
| Annual Percentage Rate (APR)
|
starting as low as
5.70%
|
| Rate
|
Fixed
|
| Payment Options
|
Principal and Interest
|
| Draw Period
|
2 years
|
| Maximum Financing
|
Up to 90% of home's value excluding 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
4.5 out of
5 by
156.
Rated 5 out of
5
by
HELOC Dude from
Home Equity Loan
I've been a member since the early 90's and wanted to refinance an existing Home Equity LOC to get a lower rate and save some money...and everyone at Fairwinds was instrumental in getting that done quickly!
Date published: 2019-02-15
Rated 5 out of
5
by
Yoharold from
Fairwinds beats the competition
I became a member many years ago and my experience has always been excellent. Fairwinds delivers.
Date published: 2019-01-28
Rated 5 out of
5
by
FII412 from
The HELOC rocks
The HELOC is an amazing product that provides a sense of security.
Primarily used as a source for home updates, it’s also a cushion to fall back on in the event it’s needed.
Date published: 2019-01-28
Rated 5 out of
5
by
LEILANI from
Home Equity Loan
I have been a member since Little Sanford Branch. I Love Fairwinds.
Date published: 2019-01-16
Rated 5 out of
5
by
JuanB from
Overjoyed!!!
I went to the branch and spoke to Josh and we started the process and everything went smoothly and quickly! We applied online and then answered some questions and that was it! Truly the more I use my credit union the more I like their services!!
Date published: 2018-12-27
Rated 5 out of
5
by
slk2000x from
Excellent Customer Relations!
I have had several loans with Fairwinds, and this latest experience was extraordinary. I was treated as if they truly cared about helping me to secure a loan from beginning to the end.
Date published: 2018-12-15
Rated 4 out of
5
by
Ravyn from
Great value but did your researc
I've had good experiences with Fairwinds. My last loan experience was pretty good but, as a newbie to that particular type of loan, I found their education of the process lackluster. Yes, you should do your own research, but I had to do additional research and ask for a different product as I felt they were focused on giving me something that they wanted as opposed to what better suited my needs. Once I clarified and asked in specific terms for what I wanted, they were great at changing course. Final takeaway, do your research and know the products before you apply.
Date published: 2018-12-15
Rated 4 out of
5
by
Georgepj from
Best deal in town
Fairwinds was a pleasure to deal with for my home equity line of credit. They were methodical and straightforward. Fairwinds offered a better rate a better options then the four other banking establishments I inquired with. I like them so much I left my old bank and moved everything over to Fairwinds. Thanks guys
Date published: 2018-12-01
