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Home Equity Loans
A Home Equity Loan from Fort Bragg Federal Credit Union gives you the power to bring tomorrow’s dreams a lot closer to reality. When you tap into the value of your home by applying for a home equity loan or line of credit, you open up a whole world of possibilities, without making a major dent in your budget or savings.
We offer two types of Home Equity Loans so you can use your equity in the way that best suits your borrowing needs.
Home Equity Line of Credit (HELOC) (variable rate)*
Our HELOC provides you with access to the borrowing power that's right under your roof. We offer two variable rate HELOC's:
1) up to 90% Loan to Value at Prime +1
2) 90% to 95% Loan to Value at Prime +2
The HELOC offers:
- No appraisal*
- No closing costs*
- No attorney fee*
- Works like a credit card - use it when you need it....for any purpose
- Equity checks available
- No escrow
- 15-year term
- up to 95% LTV (depending on credit worthiness)
- Interest may be tax deductible (check with your tax advisor)
- Online Loan Application
Click here for current rates. Disclosures
*(Loans under $50,000 with no fees or up to 95% LTV. Available for homes located in the following counties only: Cumberland, Hoke, Harnett, Moore, Robeson, Sampson and Bladen.)
Second Mortgages (fixed rate)
Our second mortgage loan offers a fixed interest rate over the life of the loan. However it is not a line of credit. If you have a one-time large purchase to make such as appliances, furniture, and even a vehicle, this loan is one of the best borrowing values around. You will make a one time advance and have from 5-15 years to repay. Click here for current rates, disclosures or to apply now.
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