Overview
Need a loan for your home improvement project? The equity in your home – which is roughly the amount it’s worth minus the amount you owe on it – can serve as a powerful financial tool. We finance up to 100% of your home’s value, less what you owe, saving you a bundle on your next project. Apply online, or schedule an in-person, phone, or video appointment today! View Brochure
Receive Funds in a Lump Sum
Get all the money you need, right when you need it
With a Home Equity Loan, you can choose the distribution that works best for you. If you need money now, you can opt to get all your funds at once in a lump sum to make purchases right away. Or, with a Home Equity Line of Credit, you also have the option to access funds as you need them. It's up to you!
LTV up to 100%
Get the most out of your home's equity
Don't leave even a penny behind. Get a Home Equity Loan with a loan-to-value ratio up to 100%, less any current mortgages or liens. Minimum loan $10,000.
Rates
View all RatesLoan Payment Example: A $20,000 fixed rate home equity loan at 9.5% APR* for a 240 month term would have a $186.43 monthly payment.
What Works Best For You?
We offer a variety of financial calculators to assist you in planning for your Home Equity Loan and any other financial needs. Calculate payments, review terms, and decide what fits best for your budget in just a few clicks. Please note that these results are approximate and are intended for your information only; they are not an endorsement or offering. The accuracy of the results is not guaranteed by this institution and is only meant to be an approximate guideline.
I had an unexpected expense pop up and went into my local branch and asked on a whim if they could help me, and within 2 hours the loan was approved, signed, sealed and in my checking account. Thank you to all of Fibre’s employees for going out of their way to help when it really counted!
Why Choose Us?
We’re kind of like a family, only we’re a credit union
A lot of places say they treat you like family. At Fibre Federal Credit Union and TLC, we take it seriously. We’re the people you see at the grocery store and around town. We know you. We know your needs. We’re a part of your community and your family.
Better rates + low fees = happy members
When you become a member of the Fibre Family, you become an owner. We offer better rates and low fees to satisfy the people who matter most to us — people like you.
In person, virtual, or online
We love seeing you face-to-face. But if you prefer, you can give us a call, visit a virtual representative at one of our ITMs (Interactive Teller Machines), or bank online. It’s your choice, depending on how social you feel!
Your home is our home, so we like to keep it nice
We support our communities with programs, sponsorships and volunteer opportunities to make our community a better place to live.
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1
Complete an application
It takes only minutes to fill out the online application.
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2
Get approved
We'll crunch the numbers and let you know if you're approved.
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3
Consolidate your debt
Use the funds to consolidate your bills, start your home improvement project, or cover other expenses.
What's on your to-do list?
Get the funds you need to put your plans into action with a low interest Home Equity Loan.
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*Annual Percentage Rates effective November 21, 2024 and subject to change without notice.
All Rates
| Maximum Terms | Maximum Financed | APR* |
|---|---|---|
|
20 Years |
100%** of purchase price or appraised value |
7.75%**^ |
*Annual Percentage Rates effective November 21, 2024 and subject to change without notice.
**Annual percentage rate is 2.0% higher for loan-to-value over 80%.
^Subject to change every 3 months with a floor of 3.25% APR. The maximum APR that will be charged is 18%. Typical closing costs range from $500 – $1,500.
| Maximum Terms | Maximum Financed | APR* |
|---|---|---|
|
Depending on the term |
Up to 100%*** of purchase price or appraised value |
8.00% to 9.00%*** |
Rates effective as of: November 21, 2024
*Annual Percentage Rates effective November 21, 2024 and subject to change without notice.
**Rate dependent on term. Contact the Credit Union for additional information.
***Annual percentage rate is 2.0% higher for loan-to-value over 80%.
^ Property Insurance is required on home equity and mortgage loans.
Typical closing costs range from $500 – $1,500.
More Features
Tax Benefits
The interest you pay may be tax deductible. Check with your tax advisor.
Flexible Terms
Choose a payment option that works best for your budget with flexible terms available from 5, 10, 15, and 20 years.
Membership Status
Are you a member of our credit union?
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