Home Equity

Home Equity Icon

You put so much into your home — money, sweat, and sometimes tears. Get a little out of it by tapping into your hard-earned home equity. We’ll help you use that equity as collateral to secure a home equity loan or line of credit.

Finance a wide range of one-time or ongoing needs — such as education expenses, renovations, repairs, a family vacation and more — all with the help of your home! FAA FCU can help you turn those house payments into something else of need.

  • Available to Texas residents (Primary Residence Only)
  • Competitively low rates for a wide range one-time or short-term needs:*
    • Education expenses
    • New vehicle
    • Family vacation
    • Major life events
    • Home remodel projects
    • And much more!
  • The collateral is secured by the equity established in your home
  • Available up to 80% of your home’s value
  • Budget-friendly repayment terms*
  • Easy repayment options; payroll deduction and automated payment (from checking or savings) available
  • The interest paid might be tax deductible**
  • No prepayment penalties
  • Local decision-making and processing
  • Attentive, customized service from a lender who understands your unique needs

*Financing rates and terms based upon credit worthiness, and amount financed.

**Consult a tax advisor.

  • Available to Mississippi and Tennessee residents
  • Competitively low rates for a wide range ongoing or seasonal needs:*
    • Education expenses
    • Major life events
    • Major home improvements
    • Medical expenses
    • Emergency reserve
    • And much more!
  • The collateral is secured by the equity established in your home
  • Available up to 80% of your home’s value less existing mortgages
  • Budget-friendly repayment terms*
  • Funds available anytime without reapplying; apply once, then use as needed thereafter
    • Funds conveniently available by transferring to your FAA FCU checking or savings account or by making withdrawals in person
  • Revolving credit – available balance replenishes as you make payments
  • Easy repayment options; payroll deduction and automated payment (from checking or savings) available
  • The interest paid might be tax deductible**
  • Local decision-making and processing
  • Attentive, customized service from a lender who understands your unique needs

*Financing rates and terms based upon credit worthiness, and amount financed.

**Consult a tax advisor.

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