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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% (4.75%)
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 4.50%) as of 02/22/18, 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 4.4 out of 5 by 99.
Rated 5 out of 5 by from Wonderful experience!! Seamless transaction. I have recommended this to many of my friends. I have gotten and paid off many loans and refinanced mortgages with Fairwinds in the almost 35 yrs I've been with the CU. I won't go anywhere else.
Date published: 2018-02-19
Rated 5 out of 5 by from Smooth & Easy We were impressed with how dedicated everyone in the process was to helping us get what we needed. Staff went out of their way for us and we are grateful. They are amazing. The closing was smooth and easier than any closing we have been in before. Our local office is the best!
Date published: 2018-02-15
Rated 5 out of 5 by from Needs Met We researched other lenders and decided that Fairwinds met our needs.
Date published: 2018-02-08
Rated 5 out of 5 by from Great experience The process for getting the home equity loan flowed right along. Happy with the experience
Date published: 2018-01-30
Rated 4 out of 5 by from Good job all around. Not great I love fairwinds and all it offers. However they did a poor job with the debt consolidation payoffs. They gave us checks to pay off open balances and they were all wrong. About 6 accounts and one was never paid. That being said the loan process was easy.
Date published: 2018-01-17
Rated 5 out of 5 by from Easy I have been a member of Fairwinds Credit Union since the 1970's. Always there for me.
Date published: 2018-01-14
Rated 5 out of 5 by from Perfect Experience Again! I've been a member since my late teens, and Fairwinds continues to provide exceptional rates, a personalized experience, and awesome people to help me. I wouldn't think of banking or getting a loan anywhere else.
Date published: 2018-01-07
Rated 4 out of 5 by from Good services First Home Equity Loan, satisfied with Fairwinds services.
Date published: 2018-01-07
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