Home Equity Line of Credit
With a Home Equity Line of Credit you can use the funds to repair or remodel your home, to pay for a vacation or even college tuition. Check out the great features listed below.
- Special HELOC offer 1.99%APR* for 12 months!**
- No closing costs1
- Same day approvals
- Quick 15 minute closing
More Home Equity Line of Credit (HELOC) advantages:
- Convenient transfers from your HELOC to other accounts using Access 24 or Online Banking
- Borrow as much as you want, as often as you want (up to your credit limit). Easy automatic renewal
- 25 year repayment period
- Other great rates are available for up to 85% of the value of your home
Equity Express Loan
- Loan amounts beginning at $10,000
- One time advance of funds with repayment terms up to 20 years
- Our low, fixed rate is locked for the life of the loan
- We’ll finance up to 85% of the value of your home*
Energy Improvement Loan
This unique loan offers Arlington County residents special loan terms and extremely competitive financing options for home energy improvements made through the Home Performance with ENERGY STAR home improvement program. Find out more.
Determining Equity
Borrow up to 85% of your property’s appraised value, minus the first mortgage balance. Use the following example to determine your available equity:
| Example: | |
| Appraised Property Value: | $600,000 |
| 85% of Appraised Value: | $510,000 |
| Less First Mortgage Balance: | $417,000 |
| Available Equity: | $ 87,000 |
How much can you SAVE with ACFCU?
Click here to easily calculate the advantages of an ACFCU Home Equity Line of Credit or Equity Express Loan
*APR = Annual Percentage Rate. Promotional rate applies to advances taken between April 1st – May 31st, 2013 on new or existing lines of credit. The lowest rate will be paid first.** After the first 12 months, your interest rate will revert to the original qualifying rate. Rate floor is 3.75% APR. Rate is variable and subject to change with Quarterly Interest Rate Adjustments. The APR will not exceed 18%. Exclusions and limitations apply. Interest charges apply only when you use the line. Property insurance required. Offer available only on owner occupied, single-family, residential real property located in VA, MD and DC. ACFCU must obtain a valid first or second lien position on the collateral, and all parties must sign the documents. 1All closing costs except mortgage taxes will be paid by ACFCU. If HELOC is closed within 3 years, ACFCU will add any closing costs paid on member’s behalf to member’s outstanding balance. This is a limited time offer and cannot be combined with any other offer or promotion.
