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
132.
Rated 5 out of
5
by
Trev from
Home Equity Line of Credit.
The product is so useful. It's like having a "Super Duper" Credit card. There when you need it, at a great interest rate.
Date published: 2018-08-18
Rated 5 out of
5
by
Avalonowner from
Easy and painless
I switched credit unions when I moved into my new house because of the branch in my neighborhood
Date published: 2018-08-17
Rated 5 out of
5
by
Kim6419 from
Awesome!
Everything went so smooth & easy! Fairwinds staff is always great!
Date published: 2018-07-26
Rated 5 out of
5
by
SJHadley from
Easy
I have been with Fairwinds for almost 25 years. This was my first Equity Loan. Everything went well but I submitted my application online. From my iPhone I did not receive a confirmation of the receipt. After a few days the Fairwinds rep located the app and within a month I was closing on the loan.
Date published: 2018-07-25
Rated 5 out of
5
by
rvwave from
Very professional and corteous
Excellent customer support by very professional and corteous personnel.
Date published: 2018-07-25
Rated 5 out of
5
by
AmyC from
Great service
Fairwinds made this loan easy from the initial application to meeting me at my Fairwinds location to sign the closing docs. Much of the application was able to be done electronically, making the whole process easy.
Date published: 2018-07-10
Rated 5 out of
5
by
Adrian from
VERY smooth process
VERY smooth process, all details spelled out and easy to understand, all questions answered promptly.
Date published: 2018-07-03
Rated 5 out of
5
by
PJR from
Home equity loan
I have been a FAIRWINDS member for almost 40 years and as usual we received fantastic service from the staff at the Longwood branch.
Date published: 2018-07-02
