Put your hard-earned equity to work.
The equity you’ve built in your home can be a great advantage when it comes to borrowing at a lower rate.
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F&A offers exceptional rates on home equity line of credit and fixed-rate home equity loan options.
Whether you’re planning a remodel, consolidating debt, or funding major life events, our home equity products offer competitive rates and flexible features, empowering you to borrow confidently and affordably.{{heloc}}
Home Equity Line of Credit (HELOC)
A Home Equity Line of Credit (HELOC) is a revolving credit line secured by your home’s equity. It offers financial flexibility, allowing you to borrow as you need — up to your approved limit — paying interest only on the funds you use.
Key benefits of an F&A HELOC:
- Flexible Access to Funds: Borrow only what you need, when you need it — for home improvements, education expenses, or any unexpected costs.
- Competitive Variable Rates: Enjoy rates that are lower than credit cards or other unsecured loans to lower your monthly payments.
- Interest-Only Payments During the Draw Period: Manage your cash flow with lower initial payments.
- No Prepayment Penalties: Pay off your balance early without extra fees.
- Quick Access: Funds are available via online banking, checks, or by visiting a branch.
Fixed-Rate Home Equity Loan
A Fixed-Rate Home Equity Loan from F&A allows you to borrow a lump sum secured by your home’s equity, with predictable monthly payments for the life of the loan.
Key benefits of an F&A Fixed-Rate Home Equity Loan:
- One-Time Lump Sum: Receive your funds upfront for large projects, debt consolidation, or major expenses.
- Locked-In Rates: Fixed interest rates ensure consistent, predictable monthly payments for easier budgeting.
- Flexible Terms: Choose from several repayment options to fit your budget and goals.
- No Application or Prepayment Penalties: Count on transparent, member-friendly terms.
Have questions first?
Simply fill out the form below, and one of our Mortgage Loan Officers will contact you within one business day. Or give us a call at (800) 222-1226.
Home Equity Inquiry Form
FAQs
Is there a fee charged or any other obligation if I complete the online application?
There is no fee or obligation.
What can I use a home equity loan or line of credit for?
Common uses include home improvements, debt consolidation, tuition, major purchases, or unexpected expenses. The funds can be used for virtually any purpose.
Is the interest tax-deductible?
The interest may be tax-deductible if the loan is used for home improvements on your primary residence. Consult a tax advisor for details.
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At F&A, following through on promises with reliability and consistency isn't just good business — it's our standard operating procedure. We continuously measure our performance against the highest industry benchmarks to ensure we're delivering exceptional service. When we make a commitment to you, you can count on us to deliver.
