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Home » Loans » Home Equity Loans & Lines
Home Equity Loans is rated 4.9 out of 5 by 7.
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Local Service. Affordable Payments. Endless Possibilities.

Use the equity in your home to get the cash you need, when you need it. With our great rates, flexible terms and affordable monthly payments, it’s easy to tap into your home’s equity. We offer Home Equity Loan and Line of Credit options.

Features
  • Apply online in as little as 20 minutes
  • Competitive rates and affordable payments
  • Local underwriting for fast approval
  • Easy, online payments in Online Banking

When you're ready to access your home's equity, we're here to help!

Home Equity Loan (Second Trust)

Get the money you need in a convenient, single payout to cover debt consolidation, home improvements, medical expenses or most any other purpose.

Features:
  • Loans up to $250,000 (up to 100% current home LTV*)
  • Fixed terms of 3-, 5-, 7- or 10 years with an amortization of 240 months
  • Fixed terms of 5/10/15 years
  • No annual fees
  • Fixed-rate monthly payments
  • No early payment penalties
  • Local servicing
  • Interest may be tax-deductible**.
Ask a Question about our Equity Loans

Home Equity Line of Credit (HELOC)

The convenience of anytime access and continuing source of funds can be used for debt consolidation, home improvements, education costs, wedding expenses, vacation plans and most any other purpose.

Features:
  • Borrow up to $250,000 (up to 90% current home LTV*)
  • 10-year draw period
  • Revolving credit line available (up to 20-year repayment)
  • Minimum monthly payment based on interest due for current balance
  • No pre-payment penalties
  • No annual fees
  • Convenient access to your money—Online Banking, by phone, check or at any branch
  • Local servicing
  • Interest may be tax-deductible**.
Ask a Question about our Home Equity Line of Credit
Features Fixed Equity Loan Home Equity Loan Home Equity
Line of Credit
Fixed Terms 5, 10, 15 year 3/20, 5/20, 7/20, 10/20 year 10 year draw
Minimum Loan Amount $10,000 $10,000 $5,000
Maximum Loan Amount $250,000 $250,000 $250,000
Maximum Loan-to-Value 100% 100% 90%
Maximum Terms (minimum loan amount may apply) up to 180 months up to 120 months 360 months
Amortization 60/120/180 months 240 months 240 months
Lien Position 2nd 2nd 2nd
Closed-end terms Yes Yes No
Revolving Loan Terms No No Yes
Optional Payment Protection Available (LoanShield) Yes Yes Yes
Online Banking FREE FREE FREE
Online payment options FREE FREE FREE

With Apple Financial Services LLC, a wholly-owned subsidiary of Apple FCU, you’ll enjoy one-on-one attention from an insurance agent who will take the time to find the coverage you need at a price you can afford.

Enjoy peace-of-mind knowing that your home and belongings are protected with an affordable policy and coverage options that fit your lifestyle. Our award-winning agents make shopping for insurance with national carriers easy.

Call us at 703-788-4817 to schedule an appointment or get your no cost, no obligation online insurance quote today.

*Property values are based on the lesser of the current appraised value or a Freddie Mac Home Value Explorer (HVE®) with a condition report. Independent appraisals not accepted. **Consult your tax advisor regarding tax-deductible interest.

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at 703-788-4800 or 800-666-7996 regarding the locations where HMDA data may be inspected.

Rated 5 out of 5 by from Easiest home loan application process Of all the confusion that could've occurred, we had a very simple, straightforward experience with applying for and obtaining our home equity loan. Applying online was fast, easy and convenient. The information about next steps and what to expect and when to expect it came quickly and were very clear. We had a quick, convenient and painless closing and the funds were put in our account directly. Everyone was friendly and professional. Thank you Apple FCU for helping us achieve our goal of making our home a better one.
Date published: 2015-05-22
Rated 5 out of 5 by from BEST HELOC My husband and I applied for HELOC through Apple FCU and it was the best decision we ever made. Our loan officer and processor were GREAT. Very knowledgeable and quick to respond to emails or phone calls . They stated the process time would be 3-4 weeks from start to finish but our process from start to finish took less than two weeks. Thank you Darcie & Marco for everything!!!!!!!!!!!!!
Date published: 2016-06-16
Rated 4 out of 5 by from Loan in a minute I was able to borrow money in less than 48 hours. I was impressed with how fast (and easy) it was to get the loan.
Date published: 2015-07-22
Rated 5 out of 5 by from Easy and convenient There is no better option. Easy and convenient. Best customer service
Date published: 2015-08-13
Rated 5 out of 5 by from Outstanding Home Equity Loan From my very first contact with a loan officer, all the way through to finalizing the loan, the entire process was smooth and uncomplicated, mostly because every AFCU person I dealt with was very professional and extremely helpful. It was quite a calming experience in such a vital financial transaction.
Date published: 2015-08-13
Rated 5 out of 5 by from Great Products Everything was easy and fast, great job! I would use Apple again if needed
Date published: 2016-05-05
Rated 5 out of 5 by from Great people We took a help and Apple personnel were great and fairly quick
Date published: 2017-07-10
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Do you charge fees (e.g. appraisal) to open a HELOC? Can I prepay or is there a penalty? Is there a lower rate available for a shorter term (e.g. 5 year rather than 10 year)? What is your rate for an occupied single-family home, small % of value? Thanks!

Asked by: Sara314
For an estimate of fees associated with an Apple FCU Home Equity Line of Credit, click the 'Check Rates/Get Quote' button on the left side of this page: https://www.applefcu.org/Loans/MortgageBot. This will also give you an estimated rate based on the details you provide. And no, there are no pre-payment penalties. Should you have further questions, please call 703-788-4800, option 5, to speak with an equity specialist.
Answered by: AppleFCU
Date published: 2017-11-27

Does AFCU have Home Equity Loans and\or Line of Credit available for investment properties?

Asked by: Mike S
Unfortunately, we do not offer equity loans on investment properties, only primary residences.
Answered by: AppleFCU
Date published: 2017-11-27

Hello, Can I get HELOC on an investment property?

Asked by: Craig
Unfortunately, we do not offer equity loans on investment properties, only primary residences.
Answered by: AppleFCU
Date published: 2017-11-22

Can you please provide me additional info on your HELOC. i.e. application fees? closing costs? minimum draws? anything else.

Asked by: Paul1
We do not charge a loan application fee for an Apple FCU Home Equity Line of Credit, and because closing costs are based on a number of factors, including the value of the loan, product selection, etc., it's difficult to provide a specific answer. However, for an estimate of fees before applying, click the 'Check Rates/Get Quote' button on the left side of this page: https://www.applefcu.org/Loans/MortgageBot. Lastly, there's no minimum draw requirements with an Apple HELOC. If you have further questions, please call 703-788-4800, option 5, to speak with an equity specialist. We look forward to serving you.
Answered by: AppleFCU
Date published: 2017-11-21

Just I want to know rate of interest as home equity line of credit & home equity line what’s requirements from apple federal credit union bank

Asked by: Jasbir
Thanks for considering an Apple FCU Equity Line of Credit! Our minimum FICO score is generally 620 for this loan type, but that's not the only factor. We look for good/excellent credit, credit on the mend or credit being built. We look at repayment history, capacity and desire to repay, and length and types of credit history. In short, we look at the entire picture and we look at each borrower individually. Apple FCU can finance equities for property within Virginia, Maryland, West Virginia, North Carolina and the District of Columbia. For rates, visit https://www.applefcu.org/Loans/MortgageBot; they'll be on the table on the left hand side of the page. When you're ready, you can apply from that same page. We look forward to serving you!
Answered by: AppleFCU
Date published: 2017-11-20

with a 680 score, what percentage of my home value may I borrow?

Asked by: ewitmer
How much you'll be able to borrow with an Apple FCU Equity product is dependent on a number of factors including, but not limited to: product selection, repayment history, capacity to repay, and length and types of credit history. To speak with an equity specialist who may be able to assist after learning some other details, please call 703-788-4800, option 5, or if you'd like to get a quote/check rates, visit https://www.applefcu.org/Loans/MortgageBot. We look forward to serving you.
Answered by: AppleFCU
Date published: 2017-11-10

What are the qualifications needed to get a 100% LTV home equity loan? What is the needed credit score? What other factors are considered? How is the home valued?

Asked by: Leesburg Dave
Thanks for considering an Apple FCU Equity Loan! Our minimum FICO score is generally 620 for this loan type, but that's not the only factor. We look for good/excellent credit, credit on the mend or credit being built. We look at repayment history, capacity and desire to repay, and length and types of credit history. In short, we look at the entire picture and we look at each borrower individually. As far as determining value, a Home Valuation Explorer report is generated and an on-site visual inspection is performed. Additionally, the need for a formal appraisal is dependent on the loan-to-value of your property, so it may not be required. Your equity specialist will be able to share more after reviewing your application. If you're ready to apply, visit https://www.applefcu.org/Loans/MortgageBot. We look forward to serving you!
Answered by: AppleFCU
Date published: 2017-11-09

Do you process equity loans in Mass.

Asked by: Raymond
Apple FCU can finance equities for property within Virginia, Maryland, West Virginia, North Carolina and the District of Columbia.
Answered by: AppleFCU
Date published: 2017-11-09
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