Home Equity Loan
as low as
7.10
%
APR
Rate effective as of 03/03/2025. Rates range from 7.10% to 12.50% APR with terms up to 20 years. The property must be owner-occupied; mobile and manufactured homes are not eligible. Upon submitting an application, you may qualify for a higher or lower loan amount and/or APR. The APR is determined by various factors within Arkansas Federal’s custom scoring model, including, but not limited to, credit score, credit history, income, and debt-to-income. You must have a minimum household annual income of $25,000, be over 18 years of age, and have a valid U.S. Social Security Number to be considered for an Arkansas Federal loan. Loan approval is subject to confirmation that your income, debt-to-income ratio, credit history, and application information meet all requirements. Home Equity Loans are available for up to 95% of your home’s value minus your mortgage balance. If a member closes their loan within the first 24 months, all associated processing costs (such as appraisal, flood certification, title search, etc.) will be added to the loan payoff amount. However, if the loan is closed after 24 months, these fees will not apply. Offer and rate advertised are subject to change without notice. Membership with Arkansas Federal is required.
Customer Service is SpectacularI 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 its customer service is spectacular.
One Loan Endless Possibilities
Wanting to tackle a home project, fund a vacation, consolidate debt, or even plan a dream wedding? With Arkansas Federal, using the value of your home couldn’t be easier or more affordable. Even if you have no intention of selling your home right now, today’s hot housing market can lead to increased equity that you can use for a variety of projects or other financial needs.
Up to 95% Financing
Borrow up to 95% of your home’s value.Loan limits: Borrow up to 95% of your home’s value, minus your mortgage balance.
$0 Application Fee
There’s no cost to get pre-qualified. That’s a savings of $500!
Predictable Payments
Feel secure with the same fixed payment each month.
Hear From Our Happy Members
Makes banking easyArkansas Federal makes banking easy. It always handles just what I need right on the spot.
Affordable Home Equity Loan PaymentsI really love how everyone is so friendly and willing to help with my banking needs. I am very thankful I listened and chose Arkansas Federal for all my banking needs.
Fast and Easy ProcessI must say I was pleasantly surprised at just how fast and easy the process played out. I submitted the documents needed and in no time, we were approved and ready to make an offer on a house.
Questions? We have answers!
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 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.
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!
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.