Home Equity

Tap your home’s equity with a fixed-rate loan or flexible line of credit from Fort Bragg Federal Credit Union.

Home Equity Loan

When you need a set amount for major costs like debt consolidation or weddings, a Home Equity Loan offers stability with fixed rates and predictable payments. Note: additional advances aren’t available as you repay the loan.

Key Features:

Borrow up to 90% of appraised value¹
Fixed interest rate for terms up to 180 months
Interest paid may be tax deductible²
Property must be owner occupied and located in North Carolina

Additional Details:

Some properties may be ineligible. Rates, terms, and conditions are subject to change and credit approval.

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HE Loan Disclosure

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) offers flexible access to funds with no fees on unused credit, perfect for needs like ongoing home renovations, education, emergencies, and more.

Key Features:

Access up to 90% of your home’s established value¹
Interest may be tax deductible² ; no appraisal fee³
Variable rate based on Prime⁴with 180-month term and 120-month draw period
Property must be owner-occupied and located in North Carolina

Additional Details:
This product is secured by a lien on your home. Rates, terms, and conditions are subject to change without notice and are subject to credit approval.

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HELOC Disclosure

No equity, no worries!

Make the repairs or renovations you’ve been thinking about with a loan designed to fit your needs.

Learn More About Home Improvement Loans

Disclosures:

¹Available equity is generally determined by your loan-to-value (LTV). This is calculated by subtracting your first mortgage balance from your home’s established market value. Market value may be determined either by an automated valuation model (AVM) using third-party data or, in some cases, by a certified appraisal. A certified appraisal may be required in addition to the AVM.

²Consult your tax advisor regarding potential tax deductibility of interest.

³For loans greater than $100,000 or outside Cumberland County and contiguous counties, a certified appraisal by a NC State appraiser is required. You are responsible for the appraisal cost (typically $450), which must be paid before the credit union orders the service and is non-refundable once completed. Some loans under $100,000 may also require a certified appraisal. Contact a mortgage loan officer for details.

⁴Prime rate is based on the Wall Street Journal’s published rate on the last business day of a calendar quarter. Your rate is subject to change quarterly based on this index.