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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% (5.25%)
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 4.6 out of 5 by 161.
Rated 5 out of 5 by from Home equity account Everyone involved with our loan process was very cordial and helpful. Everything was taken care of in a very timely manner and it was the easiest loan process we have ever experienced! Cudos to everyone involved in our loan.
Date published: 2019-06-21
Rated 5 out of 5 by from Fairwinds, our chosen bank. Fairwinds made the HELOC process convenient and easy for us.
Date published: 2019-05-18
Rated 5 out of 5 by from Heloc loan I have been a Fairwinds member over 22 years. I wanted a Heloc loan and it went easy and smooth. Loan officer did everything and answered all questions and explained everything thoroughly. Extremely happy! Best rates around!
Date published: 2019-04-24
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
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