Home Equity Loan (Fixed Rate)

Great program for a known fixed expense such as a major home improvement project like a room addition, a kitchen remodel or a pool in the backyard. Your payment and rate will be fixed for the term of your loan. You will not have access to future advances as you pay the principal down.

Special Features:

  • Borrow up to 100% of appraised value1
  • Terms up to 180 months
  • No closing costs2
  • Fixed interest rate for the life of the loan
  • Interest paid may be tax deductible3
  • Property must be owner occupied and located in North Carolina

Home Project Loan

Becoming a homeowner means there is always maintenance to do, projects to start and general upkeep required. These projects might feel like a hassle to you, so at Fort Bragg Federal Credit Union we want to help you with a convenient way to finance your home improvements. Whether you need to build it, fix it, or expand it, a home project loan can help. Contact one of our mortgage specialists to help you design a project loan that’s right for you. Please stop by your local branch, apply online below, or contact us for complete details.

This is a home equity product which will result in a lien on your home. Qualifying property must be owner occupied single family residence (min. 2 year ownership), not manufactured housing, located in Cumberland County or contiguous counties. Some properties may not qualify for this promotion. Rate, terms, and conditions subject to change without notice. Subject to credit approval. Payment example: 120 monthly payments of $11.49 for each $1,000.00 borrowed at 6.75% APR. Click here  for a complete list of our NMLS numbers. 

1 Available or lendable equity is typically defined by the LTV (loan-to-value). Lendable equity is determined by subtracting your first mortgage balance from the property's established market value. We use 2 ways to establish market value. 1)  We employ the services of an automated valuation system (AVM) where we supply certain information about your property to a third party data system and in turn we receive a perceived value based upon numerous characteristics. 2) The second method used to determine value is obtaining a certified appraisal as described in the following note. There may be circumstances where a certified appraisal is required in addition to the AVM.
2 Assumes your loan is less than $100,000 and the property used as collateral is within Cumberland or its contiguous counties.
3 Consult your tax advisor.