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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% (4.50%)
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 4.25%) as of 09/19/17, 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 4.4 out of 5 by 73.
Rated 5 out of 5 by from My FAIRWINDS Rep is incredible! Ally at my local FAIRWINDS made my experience so easy! She was thoughtful and listened to my needs to provide me w the right line to supplement our home Reno project.
Date published: 2017-08-23
Rated 5 out of 5 by from Great I have been a member of Fairwinds for 24 years always have good service.
Date published: 2017-08-17
Rated 5 out of 5 by from Exceptional service My house was paid off and I needed to do some upgrades on my home. The whole loan process is quick and easy right customer service no out-of-pocket expense hey are amazing in customer service
Date published: 2017-06-21
Rated 5 out of 5 by from So easy! I wanted to buy a lot closer to NSB. I did try to sell the house I live in but I really found a great lot and did not want to loose it. I thought i might get the long face because the house was still on the market but that was not the case at all. Not an issue and I did get the property with my home equity loan plus we have a great bank as well now.
Date published: 2017-05-26
Rated 5 out of 5 by from Great Service Very easy process and great service from the beginning to the end
Date published: 2017-05-25
Rated 5 out of 5 by from Home equity losn Denise was easy to work with. The process went smoothly and I was kept informed
Date published: 2017-04-19
Rated 5 out of 5 by from Great Experoence I recently applied for a home equity line of credit. I had a tight deadline I needed to get the loan approved. The local loan office expedited the process for me and I was very pleased with the process and the timely manner in which it was handled for me.
Date published: 2017-04-17
Rated 4 out of 5 by from Great rate Home equity loan was processed and everyone was helpful. Only draw back was it took way to long. It should have been processed much faster. First time I have even had to get an appraisal for a home equity loan as well.
Date published: 2017-04-15
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