Home Equity Loans

A Home Equity Loan or Line of Credit from Andrews Federal can help you use the value you've built up in your home to tackle home improvement project, consolidate debt, go back to school, or cover any unexpected expense. Plus, with rates lower than the national average, you'll save while accomplishing your goals.

Home Equity Line of Credit

Get greater flexibility with easy access to funds on an ongoing basis. Qualify today and enjoy these other awesome benefits:

  • Introductory rate of 1.90% APR for the first 6 months
  • Variable rates as low as WSJ Prime Rate APR after the introductory period
  • Borrow up to 95% of your home’s value
  • Interest-only payments during the draw period
  • Minimum draw amount of $10,000
  • Credit Lines $25,000 - $350,000

Home Equity Loan

Get a one-time lump sum of cash to use any way you like. Enjoy a fixed rate loan with a 15-year repayment period. Check out these other great benefits:

  • Borrow up to 95% of your home’s value
  • A one-time payout to get your money up front
  • Loan amounts $25,000 - $350,000

Table data for Home Equity Lines of Credit - Variable Rate
 Rates Effective 09-19-2019
Line Amount APR Maximum Loan to Value Alert Me
$25,000 - $350,000 As low as WSJ Prime 95% Apply
*Upon expiration of the introductory rate, all balances will accrue interest at the variable APR (Annual Percentage Rate) in effect for your account. Variable rate is based on The Wall Street Journal Prime Rate plus a margin, adjusted quarterly. The minimum APR is 5.25% with a maximum APR of 18.00%. Subject to credit and property approval. Minimum loan amount is $25,000. Maximum loan amount will be based on the amount of equity available, based on the appraised value of your home. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Property insurance is, and flood insurance may be, required. Consult your tax advisor regarding the deductibility of interest. Additional restrictions may apply. Rates and APRs are subject to change without notice.

Table data for Home Equity Loans (Owner Occupied) Rates
 Rates Effective 09-19-2019
Term APR (as low as) Minimum Loan Amount Monthly Payment Per Every $1,000 Borrowed Maximum Loan to Value Alert Me
84 months 4.50% $25,000 $13.91 95% Apply Receive a notification when this rate changes
120 months 4.75% $25,000 $10.49 95% Apply Receive a notification when this rate changes
144 months 5.00% $25,000 $9.26 95% Apply Receive a notification when this rate changes
180 months 5.25% $25,000 $8.05 95% Apply Receive a notification when this rate changes
Additional rates and terms are available; rates, terms and conditions may vary based on creditworthiness and qualifications and are subject to change. Subject to credit and property approval. Maximum loan amount will be based on the amount of equity available, based on the appraised value of the property. Appraisal is required – fee is paid upfront and is non-refundable. Closing costs vary and will depend on the location of the property and the amount of the loan. Property insurance is, and flood insurance may be, required. Consult your tax advisor regarding the deductibility of interest. Additional restrictions may apply. Payment examples do not include taxes or insurance premiums, your actual payment may be higher. Escrow account may be required. Rates and APRs are subject to change without notice.

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About Datatrac - Datatrac is an independent, unbiased research firm that has monitored deposit and loan rates, fees and product features for over 25 years on more than 213,870 financial institutions in America. Datatrac Great Rate Awards® certify that deposit and loan rates outperform the market average for comparable products. To learn more, please visit www.GreatRateAward.com. Datatrac Great Rate Awards® and data contained in this report are subject to a licensing agreement which may be viewed at www.datatrac.net/eula. Any other use is strictly prohibited. The analysis presented herein is the sole opinion of Datatrac and is based upon independent research conducted by Datatrac and its partners. Research is conducted on a reasonable efforts basis and may or may not represent all institutions or products in a market. Datatrac Great Rate Award® is a registered trademark of Datatrac. Copyright © 2019 Datatrac.

Based upon an analysis of 127,935 banking locations in the United States as of 02/25/2019, $2,290 is the difference between the amount paid in interest between Andrews Federal Credit Union's rate at 5.25% APR compared to 6.20% APR for the National market average on a $25,000 home equity loan over 15 years.