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Searching for convenience, access, and flexibility? A home equity line of credit is perfect for ongoing home improvement projects.

By establishing a variable-rate line of credit you can access your money when you need it, wherever you are, to help with home improvements, large purchases, college tuition and more.

  • Borrow up to 80% of your home's value including existing mortgages
  • Draw on the line for periods up to 15 years
  • Choose from accrued interest-only payments or 1% of the outstanding balance
  • Your Annual Percentage Rate (APR) will vary with the market based on the Prime Rate.*
  • Discounts on closing costs up to $1,000**
  • Quick approval and fast closing
  • Automatic payments
  • No application fee
  • No annual fee
  • Interest may be tax deductible. (Consult your tax advisor for details.)

Branch Appointment Apply Today

Home Equity Variable Line of Credit
Annual Percentage Rate (APR) Prime + .25% (5.00%)
Rate Your APR will vary with the market based on the prime rate. *
Payment Options 1% of outstanding balance
Draw Period 15 years
Maximum Financing Up to 80% of home's value excluding existing mortgages


*Prime Rate as published in the Wall Street Journal + 0.250 (currently 4.75%) as of 05/22/18, subject to change.

**No closing costs options are only available for equity lines up to 15 years. $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.

†APR = Annual Percentage Rate. A minimum initial draw of $15,000 is required at closing. After 12 months, your APR will be a variable APR based upon the Prime Rate, plus a margin, for the remaining life of the line, subject to a maximum APR of 18.00%. Your margin will be based on several factors, including your credit history, loan to value ratio, property type, and lien status. All normal closing costs will be paid by FAIRWINDS, up to $1,000. Certain terms and restrictions apply. Offer subject to termination or change at any time without notice.

FAIRWINDS Member Reviews

Home Equity Loan is rated 4.5 out of 5 by 111.
Rated 4 out of 5 by from Good experience. Very happy with the ease with which equity loan was applied for and closed.
Date published: 2018-05-02
Rated 5 out of 5 by from Excellent service I've been with Fairwinds for about 11 years. I have never recreated it for a moment. Fairwinds has always been there for me and my family
Date published: 2018-05-02
Rated 5 out of 5 by from It is a great value I have been a member for over 25 years & am very satisfied with the service.
Date published: 2018-04-19
Rated 5 out of 5 by from Outstanding Very thorough. Been a member since 1988 and have never regretted it. Nice job
Date published: 2018-04-15
Rated 5 out of 5 by from Awesome experience I’ve been a member since 1990 or so. I’ve never been tempted to take my business eleaewhere. I LOVE Fairwinds!!
Date published: 2018-04-09
Rated 5 out of 5 by from HOME SWEET HOME My credit cards were almost maxed out and the month payments were high. My house was paid for. I decided to apply for a HOME EQUITY LOAN. It was a painless process. All the Farwinds staff was friendly and helpful. Other than h.g.h having provide additional information on 3 or 4 times it was a breeze. I was approved and my payment is equal to 2 of my credit card payments. Now I'm debt free and have more money.
Date published: 2018-03-27
Rated 5 out of 5 by from Easy and Simple! The entire process was easy and simple. Everything I have done at Fairwinds over the years has been nothing short of a pleasure.
Date published: 2018-03-25
Rated 5 out of 5 by from Great people to do business with I became a member and was walked through all services in a concise manner.
Date published: 2018-03-09
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