Routing Number: 282075028
Home Equity Loans
You may have received a home equity loan (HELOC) offer in the mail from Arkansas Federal. The estimated equity was inaccurate, and we apologize for the confusion this may have caused. For a review of your actual home equity and to take advantage of the offer, please contact us at 833.448.6325 or visit your local branch for any questions.
For a limited time, Arkansas Federal is offering a special rate as low as 1.99% APR1 for home equity loans for the first six months. After your six-month introductory rate, your variable home equity can be as low as 4.25% APR1.
BENEFITS OF OUR HOME EQUITY LOAN
Borrow up to 95%1
You can borrow up to 95%1 of your home's value. Use that extra money for home improvements, to consolidate debt, or for education expenses.
Enjoy rates as low as 1.99% APR1 for the first 6 months. After your 6 month introductory rate, your variable home equity line of credit can be as low as 4.25% APR1.
$0 Application Fee
That’s a savings of $500! We also don't have an origination fee and unlike other lenders, we don’t charge ongoing or maintenance fees.
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, paying for college, 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 rates, much lower than credit cards, because they are a secured loan.
Manage tuition costs and education expenses that student loans may not cover.
FREQUENTLY ASKED QUESTIONS
What is it?
Home equity is the difference between how much you owe on your mortgage and how much your home is worth.
What about fees?
With Arkansas Federal, there’s no application fee – that’s a savings of $500! Plus, no origination fee, and unlike other lenders, we don’t charge ongoing maintenance fees.
What are my options?
For a limited time, Arkansas Federal is offering a special rate as low as 1.99% APR¹ for home equity lines of credit for the first six months. After your six-month introductory rate, your variable home equity line of credit can be as low as 4.25% APR.2 That’s Prime minus 0.50%!
You may be able to deduct the interest paid on your loan. Consult with your tax advisor regarding interest deductibility, as tax rules change.
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. Offer subject to change without notice; credit criteria applies. This offer is based upon an initial assessment that you met Arkansas Federal Credit Union credit standards. Loans are underwritten and offered through Arkansas Federal Credit Union. All loans are conditioned upon confirmation that you continue to meet these credit standards, as well as final credit and income verification and collateral review.
2. APR = Annual Percentage Rate. Subject to credit approval. Offer subject to change. Restrictions may apply. Home Equity Line of Credit: Home equity line of credit has a variable rate based on Prime, as published in the Wall Street Journal, and subject to change during the term of the loan. The minimum monthly payment may change as a result of this rate change. Contact the credit union for more details. Introductory rate available for six months after the loan is funded. At the beginning of the seventh month, your regular rate will go into effect, as of 2/13/20 the regular rate is as low as 4.25%. As of 2/13/20, the prime rate was 4.75%. Other terms, rates, and restrictions may apply. APR will not exceed 18% with a minimum rate of 4.00%. Existing HELOC customers refinancing within the past 24 months may be subject to penalty. Membership with Arkansas Federal Credit Union is required for this offer.