Home Equity Loans

A Home Equity Loan is an option available for unexpected, large-scale costs or for making affordable home renovations — while paying off your balance as quickly as possible.

A happy couple is renovating their home.

Easy Application

Apply in minutes with quick approval and fast closing.

Closing Costs Discount*

Closing costs up to $1,000 may be paid by FAIRWINDS.

No Fee

No annual fee and no application fee.

Compare Home Equity Solutions

Find the option that best fits your needs.

	Variable-Rate Home Equity Line of Credit (HELOC)	Fixed-Rate Home Equity Loan
APR†	As low as Prime + .30% (8.80%)	As low as 6.597% APR
Payment Options	1% of the outstanding balance	Principal and interest
Available Terms	30 years	Up to 20 years
Draw Period	Up to 15 years	Not Applicable

	Variable-Rate HELOC
APR†	As low as Prime + .30% (8.80%)
Payment Options	1% of the outstanding balance
Available Terms	30 years
Draw Period	Up to 15 years

	Fixed-Rate Home Equity Loan
APR†	As low as 6.597% APR
Payment Options	Principal and interest
Available Terms	Up to 20 years
Draw Period	Not Applicable

Contact Us

Call 888.626.2505 or schedule an appointment to speak to one of our specialized home equity lenders.

* 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.

† APR = Annual Percentage Rate. 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.

Prime Rate as published in the Wall Street Journal + 0.25, subject to change.

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.