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There’s so much you can do with the equity in your home!

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Consolidate high-rate bills, make home improvements, buy a car, and pay tuition, with fast and easy financing. Apply Online, 24/7. The interest paid on the portion of your loan or line exceeding your property’s value is not tax deductible for Federal income tax purposes. Please consult your tax advisor regarding the deductibility of interest.

Learn more about rates and terms below

Hero and Champion Account holders receive an additional 0.10% towards Relationship Premium Rates.

Home Equity Loans(1) (2) (3) (4)

TermRelationship Premium Annual Percentage Rates As Low As (2)Monthly Payment per $1,000 borrowed
5/5 Year Adjustable Rate 10 Year Term (*)5.95%$19.31
7 Year Fixed Rate5.70% $14.47
7 Year Fixed Rate First Lien Position5.45%$14.35
10 Year Fixed Rate5.95%$11.08
10 Year Fixed Rate First Lien Position5.70%$10.95
15 Year Fixed Rate5.95%$ 8.41
15 Year Fixed Rate First Lien Position5.70%$ 8.28
20 Year Fixed Rate6.45%$ 7.43
20 Year Fixed Rate
First Lien Position
6.20%$ 7.28

Hero and Champion Account holders receive an additional 0.10% towards Relationship Premium Rates.

*5.95% for the first 5 years; then the APR adjusts one time to the then current Prime Rate as listed in the Money Rates Section of the Wall Street Journal, plus a margin based on individual credit circumstances and services with the Credit Union with an adjustment cap of 5%, but never lower than 3.44% APR for an additional 5 years.

Home Equity Line of Credit(1) (4)

Lines subject to credit approval.

TermRelationship Premium Annual Percentage Rates As Low As (2)
25 years with a 10 year draw periodValid 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 11/2/22 the Current Prime Rate is 7.00%.

No application fees and no closing costs. Certain states impose a Mortgage Recording tax at the time a mortgage is recorded and can vary from state, county and locality.

(3)Loan amounts up to $250,000.

Click here for information from the Federal Reserve about what you should know about Home Equity Credit Lines.

Home Equity Loans(1)

5/5 Adjustable Rate 10 Year Term(1) (2) (4)

Click here for the current Annual Percentage Rate (APR). After 5 years, the APR adjusts once to the current Prime rate as listed in the Money Rates section of 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.(4)

No application fees and no closing costs. Certain states impose a Mortgage Recording tax at the time a mortgage is recorded and can vary from state, county and locality, and can range from $1 to $21.75 for each $1,000 of the approved credit line amount. Member is responsible for any city, county and/or state taxes if the subject property is located in FL, LA, MD, MN, NY, TN, or VA. For all HELOCs where state mortgage tax or other state fees are charged, the borrower will be responsible to pay this at closing and may take as an advance from the HELOC. An early termination fee of $195 will apply for lines paid-off and cancelled within one year from being established.

No application fees, no closing costs, no annual fees. State specific taxes and/or fees are the responsibility of the borrower(s).

Borrow up to 80% of your home’s value minus your first mortgage balance up to $250,000.

Home Equity Fixed Rate Loan (7 to 20 Year Terms)(1)

No application fees, no closing costs, no annual fees. State specific taxes and/or fees are the responsibility of the borrower(s).

One-time advance loan.
Fixed rate and 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.
Reduced rate option: Lower your rate by 0.25% if this Home Equity Loan will be in the first lien position. This usually means that there is not another mortgage, home equity or lien on the property or that this loan is in the priority position over all other liens.

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Disclosures

Loans subject to credit approval. As of 11.2.22 Prime Rate is 7.00%.

No application fees and no closing costs. Certain states impose a Mortgage Recording tax at the time a mortgage is recorded and can vary from state, county, and locality.

(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 1-exisiting checking account with minimum monthly Direct Deposit of $500.00, 2-FRFCU debit card with minimum of 5 transactions in the previous month, 3-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.

(3) Loan amounts up to $250,000.

(4) 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 five (5) years based on the then current PRIME rate plus a margin based on individual credit circumstances and adjustment cap of 5%, but will never be lower than 3.44% or higher than the maximum allowed by the Federal Credit Union Act, which is currently 18%.