Home Equity Loans

Looking to purchase that big ticket item?  The funds you need may be right in your own back yard — or closer! Many of our satisfied members have used home equity loans for the following:

  • College tuition
  • Automobile purchase
  • Home improvement
  • Vacation
  • Pay off higher rate loans

Freedom Credit Union offers two kinds of Home Equity Loans to meet your borrowing needs:

Home Equity Line of Credit

Put the equity in your home to work for you with a revolving line of credit.

  • Borrow up to 75% of the equity in your home minus first mortgage balance 
  • May be tax deductible*
  • Variable rates
  • Pay only the recording fee to close
  • Check Rates

Fixed Rate Home Equity Loan

For people who want the security of a fixed rate and a one time disbursement of funds

  • Borrow up to 75% of the equity in your home minus first mortgage balance
  • Rate is fixed for the life of the loan
  • No closing costs or application fees
  • Minimum loan amount $20,000
  • May be tax deductible*
  • Check Rates

    • *Check with your tax advisor