Home Equity & Other Loans
Home Equity Line of Credit
The equity in your home can be a valuable resource to help pay for just about anything, including home improvements, education expenses, vacations, weddings and more. Turn your home remodel dreams into reality with a Home Equity Line of Credit.
No application fee!
- Competitive rates
- No closing fees
- Borrow up to 95% of your home's value
- Flexible, consumer friendly terms and repayment schedule
How It Works
Using your new home equity loan couldn't be easier. We'll establish a credit line for easy access to your funds for purchases or to cover expenses. Only then do you start making payments on your home equity loan via your monthly statement.
The interest on a home equity loan may be tax deductible. Always consult your tax advisor about the deductibility of interest on any Home Equity Line of Credit.
How To Apply
Whether you prefer to call, click or visit in person, we make getting your HELOC as simple as possible. Visit one of our locations, or call 800-456-3000 and speak with one of our loan specialists.
Download our Subordination Agreement Form.
Some restrictions apply. Normal credit criteria apply for rate.
The Credit Builder Loan allows the member to build or rebuild their credit history by laying-away the proceeds of a loan (up to $10,000) in their Share Savings Account while they make regular, online monthly payments during a 24-month repayment period.
By laying the proceeds of the loan away in this manner, the member will:
- Build a positive credit history with the credit union that will be reported monthly to all major credit bureaus
- Build a sizable savings balance that will earn dividends and grow as the loan is being paid off
The member can borrow against the money they have in their Share Savings Account or Certificate Account by pledging those funds towards a Share Pledged Loan. Because they are pledging their savings, this is usually the fastest and least expensive way to borrow money. Payments for a Share Pledged Loan can be made effortlessly through payroll deduction.
Signature loans are loans secured solely by a member's good name. Borrowing power is based on personal financial history, credit score, and current income.
Members with a monthly take-home pay of $500 or more can find out their eligibility for a Signature Loan by going through the application process. After an evaluation of the applicant's financial status, the amount of the Signature Loan, from $100 to the individual's maximum, is determined, based on the member's circumstances.
With college costs on the rise, it's more important than ever for students and families to plan carefully and fully understand all financial aid options. By maximizing no- and low-cost financial aid, choosing student loans carefully, and developing proper money management skills, it's still possible for students to leave college with a bright financial future . . . and not just a mountain of debt!
When scholarships, grants, and federal aid aren’t enough, private student loans can be a necessary and cost-effective way to fill educational funding gaps. Undergraduate students should consider private student loans only after taking advantage of all lower-cost sources of funding, including Federal Stafford loans.
How is the Student Choice private loan solution different than other private student loans?
Unlike for-profit lenders, AFCU exists only to serve the best interests of its members. This allows us to offer more options and better benefits to our members.
Student Choice Loan Benefits:
- Flexible repayment options
- No origination fees
- Fill in the gap federal funding leaves behind
- Apply once and access a line-of-credit whenever you need funds
- Option to defer payments while in school
- Chance to reduce interest rate during full repayments via automatic payment
Storm Shelter Loan
We’re making protection more affordable this storm season. Protect the ones you love today with a storm shelter loan from AFCU. With rates as low as 4.99% APR*, this is an offer you won’t want to pass up! Our loan officers will work with you to find the right term to fit your budget.
Hurry – you’ll want to get your shelter installed before the next big storm.
*APR = annual percentage rate. Some restrictions apply. Normal credit criteria apply for rate. Offer subject to change without notice.