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Home Equity Plan

More Flexibility

Jump start your next home design project with our 3-in-1 Home Equity Advantage Plan comprised of a Line of Credit, Fixed-rate Loan and Platinum Credit Card.

  • Fast, flexible access to your home’s equity
  • No Application Fees
  • No Minimum Draw Requirements
  • No Closing Costs*

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*If you terminate your line within the first 24 months after closing, you will be responsible for closing costs.
Please refer to the Closing Cost Addendum you received at loan closing for the total amount of your closing costs.

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Lines of Credit

  • Borrow as often as you like, up to your approved limit. As you pay down the balance, your available credit increases.
  • Take any portion of your line, convert it to a fixed rate advance and choose your repayment term...no application needed.
  • Interest-only payment option available.

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Fixed-Rate Advances

  • Get the security of fixed payments by converting any or all of your line into a fixed rate advance.
  • Get up to three fixed rate advances at a time.
  • Each advance works like an installment loan with fixed payments for the term you choose.
  • Fix your rate anytime without an application.
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Credit Cards

  • Convert a portion of your equity into a Platinum credit card.
  • Get the same great low rate you enjoy on your line of credit.

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Home Equity Plan Rates

Table data for Home Equity 3 in 1 Advantage Plan
 Rates effective 12-21-2024
Line of Credit and MasterCard Platinum Credit Card1 APR2 Payment per $1,0003 Alert Me
To 75% LTV (Prime - 1/2%) 7.00% Varies Receive a notification when this rate changes
76% to 85% LTV (Prime + 1/2%) 8.00% Varies Receive a notification when this rate changes
Fixed Rate Advance - To 75% LTV4 Alert Me
Up to 5 years 7.365% - 9.865% $19.97 Receive a notification when this rate changes
5 to 10 years 7.615% - 10.115% $11.93 Receive a notification when this rate changes
10 to 15 years 7.865% - 10.365% $9.48 Receive a notification when this rate changes
15 to 20 years 8.615% - 11.115% $8.75 Receive a notification when this rate changes
Fixed Rate Advance - 76% to 85% LTV4 Alert Me
Up to 5 years 7.615% - 9.115% $20.09 Receive a notification when this rate changes
5 to 10 years 7.865% - 9.365% $12.06 Receive a notification when this rate changes
10 to 15 years 8.115% - 9.615% $9.62 Receive a notification when this rate changes
15 to 20 years 8.865% - 10.365% $8.91 Receive a notification when this rate changes
Fixed Rate Advance - Over 85% LTV5 Alert Me
Up to 5 years 7.865% - 8.865% $20.21 Receive a notification when this rate changes
5 to 10 years 8.115% - 9.115% $12.19 Receive a notification when this rate changes
10 to 15 years 8.365% - 9.365% $9.77 Receive a notification when this rate changes
15 to 20 years 9.115% - 10.115% $9.07 Receive a notification when this rate changes
Apply now Receive a notification when this rate changes
*For new loan applications as of April 1st, 2020, the HELOC rates are subject to HFCU’s Floor Rate of 3.49% APR and maximum rate of 18.00% APR. Contact Member Services at 800-656-4328 for rate details. Hanscom FCU offers Home Equity Plans on primary residences to our members nationwide, with the exception of Texas and New York.

The plan allows up to three fixed rate advances from your line at any given time during the 10 year draw period. If you terminate your line within the first 24 months after closing, you will be responsible for closing costs. These costs generally range from $400-$700. Closing costs do not include any taxes (if necessary). Interest begins accruing upon loan disbursal. Check with your tax adviser about tax deductibility of interest. Homeowners insurance is required. Total Mortgages/Property Value = LTV. Maximum allowed CLTV may vary by state.
  • 1Rate is variable and based on the Prime Rate as published in the Wall Street Journal. The rate may change after the account is opened. ↵
  • 2APR=Annual Percentage Rate. Rates shown are the lowest possible rates currently offered. Other rates are available, based on your credit profile and loan terms. ↵
  • 3Repayment amounts will vary depending on the term. This example is estimated for the maximum term. ↵
  • 4Rates for a Fixed Rate Advance are not variable and are set at the time of and for the duration of the advance. ↵
  • 5Rates for a Fixed Rate Advance are not variable and are set at the time of and for the duration of the advance. These rates are applicable for HELOCs originated prior to 10/2/2023. ↵

Frequently Asked Questions