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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.)

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Home Equity Variable Line of Credit
Annual Percentage Rate (APR) Prime + .25% (5.25%)
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, 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 156.
Rated 5 out of 5 by 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 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 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 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 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 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 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 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
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