You’ve put so much into your home…
…now get something out of it!
There’s so much you can do with a home equity loan. You’ve worked hard for your home, now let your home work for you! With a Home Equity Loan, you can borrow up to 100% of your home’s value minus your First Mortgage balance, up to $250,000*.
A Home Equity Loan makes it easy to:
Consolidate high-rate bills
Make home improvements
Buy a vehicle
Pay tuition
All with fast and
easy financing!*
Fixed Rate Home Equity Loan1,5
Unlock the value in your home with a Fixed Rate Home Equity Loan from Financial Resources FCU. Get a one-time lump sum at a competitive fixed rate, perfect for consolidating debt, funding home renovations, or covering major expenses with predictable monthly payments.
- One-time advance loan with a fixed rate and fixed monthly payments
- Borrow up to 100% of your home’s value, minus your First Mortgage balance, up to $250,000
- Terms available from 7 to 20 years
- No application fees, no closing costs, and no annual fees
- State-specific taxes and/or fees are the responsibility of the borrower(s)
- Lower your rate by 0.25% if this Home Equity Loan is in the first lien position (this usually means there isn’t another Mortgage, Home Equity, or lien on the property and this loan is in the priority position over all other liens)
Home Equity Line of Credit1,4,5
Get the flexibility you need with a competitive rate Home Equity Line of Credit from Financial Resources FCU. Access funds whenever you need them during the 10-year draw period — perfect for ongoing projects, unexpected expenses, or consolidating debt.
- 25-year term with a 10-year draw period
- Borrow up to 100% of your home’s value, minus your First Mortgage balance, up to $250,000
- No application fees and no closing costs
- The APR adjusts monthly to the current Prime Rate as listed in the Wall Street Journal, plus or minus a margin based on individual credit circumstances and services with the credit union, but never lower than 3.00% APR
- Certain states impose a Mortgage Recording Tax at the time a Mortgage is recorded, and can vary from state, county, and locality
5/5 Adjustable Rate 10 Year Term Home Equity Loan1,2,4,8
Get the best of both worlds with our 5/5 Adjustable Rate Home Equity Loan and enjoy stability now with flexibility later. Enjoy a fixed rate for the first 5 years, then one rate adjustment for the remaining term, giving you predictable payments and peace of mind. Use your funds for home improvements, education costs, or consolidating high-interest debt.
- Borrow up to 80% of your home’s value, minus your First Mortgage balance, up to $250,000
- No application fees and no closing costs
- After 5 years, the APR adjusts once to the current Prime Rate as listed in the Wall Street Journal, plus a margin based on individual credit circumstances and adjustment cap of 5%, but never lower than 3.44% APR, for an additional 5 years
- Certain states impose a Mortgage Recording Tax at the time a Mortgage is recorded, and can vary from state, county, and locality
- State-specific taxes and/or fees are the responsibility of the borrower(s)
- An early termination fee of $195 will apply for lines paid off and cancelled within one year from being established
Home Equity Line of Credit Rates(1) (4)
| Term | Relationship Premium Annual Percentage Rates As Low As (2) |
|---|---|
| 25 years with a 10 year draw period | Valid for qualified Home Equity Lines of Credit up to 80% LTV (Loan to Value); then the APR adjusts monthly to the current Prime Rate* as listed in the Wall Street Journal Money Rates section, plus or minus a margin based on individual credit circumstances and services with the Credit Union, but never lower than 3.00% APR. *As of 10/30/2025, the Current Prime Rate is 7.00%. |
Home Equity Loan Rates(1) (2) (3) (4) (5) (6) (7) (8)
| Term | Relationship Premium Annual Percentage Rates As Low As (2) | Monthly Payment per $1,000 borrowed |
|---|---|---|
| 5/5 Year Adjustable Rate 10 Year Term (*) | 6.700% | $11.46 |
| 7 Year Fixed Rate | 6.99% | $15.09 |
| 10 Year Fixed Rate | 7.25% | $11.74 |
| 15 Year Fixed Rate | 7.25% | $9.13 |
| 20 Year Fixed Rate | 7.50% | $8.06 |
Home Equity Loan & HELOC Disclosures
Loans subject to credit approval. Rates are subject to change at any time.
Higher Loan to Value Programs greater than 80.00% offered, contact us for details and rates.
*Not all applicants will qualify. Membership eligibility and credit qualification guidelines must be met.
(1) Home Equity Loans and Credit Lines are not available in Puerto Rico and the states of Alaska, Hawaii and Texas.
(2) The Annual Percentage Rate (APR) is based on individual credit circumstances, amount of equity in the subject property, and includes a 0.30% reduction in rate based on your account services with the credit union. Discounted rate example includes a discount of 0.10% for an active checking account (active checking account requires either (A) existing checking acct with minimum monthly Direct Deposit of $500.00 , (B) FRFCU cash card with minimum 5 transactions in previous month, (C) Active Bill Pay Account); 0.10% for an existing consumer loan (excludes Credit Builder and Personal Lines of Credit); 0.10% for a FRFCU Mortgage or Investment Account. If no qualifying relationship, add 0.30% to the stated rate. Payment example does not include amounts for taxes and insurance premiums, if applicable. The actual payment obligation will be greater.
(3) Home Equity Line of Credit rate will be based on the current PRIME rate plus a margin based on individual credit circumstances, but will never be lower than 3.00% or higher than the maximum allowed by the Federal Credit Union Act, which is currently 18.00%. An annual fee of $49 is charged on the anniversary date the Home Equity Credit Line is established. Rates are subject to change without notice.
(4) The states of AL, FL, GA, KS, the Orleans Parish of LA, MD, MN, NY, OK, TN, and VA impose a Mortgage Recording tax at the time the mortgage is recorded and can vary by state, county and locality, and can range from 0.10% to 2.175% of the approved loan or credit line amount, or $1 to $21.75 for each $1,000 of the approved loan or credit line amount. If the subject property lies in any of these areas, you will be notified of this fee amount and your home equity loan or credit line will be advanced to satisfy the fee.
(5) There are no prepayment penalties. However, if the loan/line is paid off and the lien is cancelled within the first 12 months, the borrower will be required to reimburse Financial Resources FCU for closing costs paid to third parties, up to a maximum of $195.00.
(6) Property insurance is required.
(7) Loan amounts up to $250,000. For loan amounts over $250,000, the applicant must pay the fee for the full appraisal, which ranges between $535 – $635, and the Title Insurance, typically $2,000 – $3,000 dependent upon the loan amount.
(8) For the 5/5 ARM, the Annual Percentage Rate (APR) quoted for the first 5 years is the lowest based on individual credit circumstances for each qualified applicant and the amount of equity in the subject property. After the 60th month, the Annual Percentage rate (APR) is subject to a one time change for the next 5 years based on the then current PRIME rate plus a margin based on individual credit circumstances and adjustment cap of 5.00%, but will never be lower than 3.99% or higher than the maximum allowed by the Federal Credit Union Act, which is currently 18.00%.