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fairwinds.org | wherever you are

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 145.
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
Rated 5 out of 5 by from Home Equity Fast and easy loan. As a long time member, I always turn to Fairwinds for all my banking needs !
Date published: 2018-11-23
Rated 5 out of 5 by from Excellent Service The experience was wonderful. Easy to apply, quick turn around and follow up from the Fairwinds folks. Highly recommend. Great rates too!
Date published: 2018-11-19
Rated 5 out of 5 by from A good decision had a very painless experience obtaining this home-equity loan from Fairwinds. It made sense for us financially and we were treated like first class customers.
Date published: 2018-11-08
Rated 5 out of 5 by from Friendly Service We’ve been members since 1989 and even kept them as we moved out of the area. Working with them is always personal and we love that.
Date published: 2018-10-28
Rated 5 out of 5 by from Great loan experience! This is my third loan experience with Fairwinds and I couldn't be happier with the knowledge of the loan officers and the overall experience.
Date published: 2018-09-20
Rated 5 out of 5 by from A good decision I have been using Fairwinds Credit for my main banking for the past 10 years. After shopping around town they offered me the best rate. I'm happy with my choice.
Date published: 2018-09-14
Rated 5 out of 5 by from Saved us real money!! Fairwinds Home Equity loan saved us over $200.00 a month when we consolidated our credit cards. Thank You Fairwinds!!
Date published: 2018-09-14
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