Home Equity
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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.
- Home Equity Loans
- 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.
- Home Equity Lines of Credit (HELOC)
- 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.
