Borrow from the value in your home and obtain the funds that you need to afford various expenses. We offer several home equity lending options that can support your financial needs. Our fixed rate first and second position home equity loans provide a pre-determined sum of money at closing while a flex line home equity line of credit (HELOC) is a form of revolving credit that you can use and repay as needed.

First Position Home Equity Fixed Rate Loans

Effective Date: Wednesday, June 20, 2018

First Position Home Equity Fixed Rate Loans

LTVMinimumMaximum*Term1st Position Loan Rate1st Position Loan APR1st Position Payment Per $1,000 Borrowed
80%$5,000.00$250,000.005 Year3.500%3.703%$18.19
80%$5,000.00$250,000.0010 Year4.000%4.106%$10.12
80%$5,000.00$250,000.0015 Year4.500%4.575%$7.65
80%$5,000.00$250,000.0020 Year5.000%5.060%$6.60
85%$5,000.00$250,000.005 Year4.000%4.204%$18.42
85%$5,000.00$250,000.0010 Year4.500%4.607%$10.36
85%$5,000.00$250,000.0015 Year5.000%5.076%$7.91
85%$5,000.00$250,000.0020 Year5.500%5.567%$6.88
90%$5,000.00$250,000.005 Year4.500%4.705%$18.64
90%$5,000.00$250,000.0010 Year5.000%5.108%$10.61
90%$5,000.00$250,000.0015 Year5.500%5.577%$8.17
90%$5,000.00$250,000.0020 Year6.000%6.062%$7.16

APR: Annual Percentage Rate is based on a $100,000.00 loan amount, unless otherwise noted.

Fees vary and are due at application.

Payments do not include amounts for taxes and insurance premiums, if applicable. The actual payment obligation will be greater. 

Rate Lock Policy: LFCU will rate lock for 60 days for a fee of $500.00 and is refunded upon receipt of closing from attorney; fee is non-refundable on withdrawn applications; fee and rate lock are forfeited on loans closed after the 60 day period; fee is automatically refunded on denied applications.

Certified appraisal required – appraisal fee paid by member; LFCU must retain the first position mortgage on Home Equity Loans over 80% or a CAP of $25,000.00 total loan amount applies; all fees covered by borrower on home equity loans outside the State of Massachusetts.

NON-Owner Occupied (considered COMMERCIAL) annual percentage rates are available upon request; rate is equal to 1.75% above quoted rates above (REQUIRES title rundown and title insurance; all fees covered by borrower ONLY).

Second Position Home Equity Fixed Rate Loans

Second Position Home Equity Fixed Rate Loans

LTVMinimumMaximum*Term2nd Position Loan Rate2nd Position Loan APR2nd Position Loan Payment per $1,000 Borrowed
80%$5,000.00$250,000.005 Year3.750%3.953%$18.30
80%$5,000.00$250,000.0010 Year4.250%4.357%$10.24
80%$5,000.00$250,000.0015 Year4.750%4.825%$7.78
80%$5,000.00$250,000.0020 Year5.250%5.31%$6.74
85%$5,000.00$250,000.005 Year4.250%4.454%$18.53
85%$5,000.00$250,000.0010 Year4.750%4.858%$10.48
85%$5,000.00$250,000.0015 Year5.250%5.326%$8.04
85%$5,000.00$250,000.0020 Year5.750%5.811%$7.02
90%$5,000.00$250,000.005 Year4.750%4.955%$18.76
90%$5,000.00$250,000.0010 Year5.250%5.359%$10.73
90%$5,000.00$250,000.0015 Year5.750%5.827%$8.30
90%$5,000.00$250,000.0020 Year6.250%6.313%$7.31

Flex Line HELOC

Flex Line HELOC

LTVMinimumMaximum *TermRateAPR
80%$10,000.00$250,000.0020 Year 10 Year Draw / 10 Year RepayPrime (-) 0.25%N/A
85% **$10,000.00$250,000.0020 Year 10 Year Draw / 10 Year RepayPrime (+) 0.50%N/A
90% **$10,000.00$250,000.0020 Year 10 Year Draw / 10 Year RepayPrime (+) 1.00%N/A