Fixed rates as low as 2.99%

Routing Number: 282075028

Home Equity

How Does it work?

Do you have a large, one-time purchase you’d like to finance? If you’re a homeowner looking for a way to consolidate debt, tackle a home remodel, fund a dream vacation, or pay for other large expenses, you’re in the right place.


Borrow up to 95%

You can borrow up to 95% of your home's value. Use that extra money for home improvements, to consolidate debt, and more!

Low Rates

Enjoy home equity loan rates as low as 2.99% APR.1 If interest rates happen to go up, you can rest easy knowing your rate will stay the same.

$0 Application Fee

That’s a savings of $500! We also don’t charge an origination fee. It’s all part of our goal to save you money!


Enjoy the predictability of fixed payments. Your fixed rate won’t change over the term of your loan, which means you’re protected from rising interest rates.



We make it easy to get started. Have questions and want to talk? We’re here for you.
Call us at (800) 456-3000 or visit your local branch.

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How to use your Home Equity Loan

With a home equity loan from Arkansas Federal, the possibilities are endless. Whether it’s remodeling your home or planning a vacation, a home equity loan can make it possible.


Enjoy the upgrades while you live in your home, plus the value-added if you decide to sell.


Home equity loans are usually lower interest rates, much lower than credit cards, because they are a secured loan.


Use your home equity loan to finally go on your dream vacation.


What is Home Equity?

“Home equity” may sound complicated, but it’s actually simple. Home equity is the value of your home minus what you still owe on your mortgage. So, if your home is worth $200,000, and you owe $150,000 on your mortgage, you have $50,000 in equity. The real question is—what could you do with your home’s equity?

What about fees?

There’s no application fee – that’s a savings of $500! We also don’t charge an origination fee. It’s all part of our goal to save you money!

What are my options?

Our fixed-rate home equity loan is a great option if you want the stability of a monthly payment that will not change over the life of your loan. But we also offer variable rate Home Equity Lines of Credit (HELOCs) with more of a revolving credit line, similar to a credit card. If you’re not sure which one is right for you, give us a call at (800) 456-3000, and we’ll go over your options.

Tax Deductible?

You may be able to deduct the interest paid on your loan. Consult with your tax advisor regarding interest deductibility, as tax rules change.

Photo of Chole Cox

I enjoy being a member of Arkansas Federal because they are always helpful when I need something. I have had a positive experience working with Arkansas Federal because their customer service is spectacular.

— Chloe Cox


1. APR is Annual Percentage Rate. Interest rate quoted assumes a first-lien, 75% loan-to-value (LTV), 60-month term, and a minimum credit score of 740. Credit criteria applies. The actual interest rate, APR, and payment may vary based on the specific terms of the loan selected, verification of information, credit history, and collateral. Offer subject to change without notice. Restrictions may apply. Membership with Arkansas Federal Credit Union is required for this offer.