Home Equity Line of Credit

Do you want to remodel your home or consolidate some bills? A home equity line of credit may be the option for you. A home equity line of credit provides you with cash by leveraging the equity in your home: the value of your home minus any mortgage debt.

At Army Aviation Center Federal Credit Union, home equity lines of credit* feature fixed rates up to 15 years, and you can borrow up to 100% of the value of the home, less any existing mortgages. You only pay for what you use and can make draws on your line of credit at any time through online banking. You may even qualify for a tax deduction for your interest payments to help your money go further (Check with your tax advisor for details). For additional information on a home equity line of credit, please visit our online Mortgage Center.

$0 Closing Costs, $0 Appraisal Fees and $0 Annual Fees

For a limited time, you can take advantage of no loan closing costs**, no appraisal fees, no annual fees and rates as low as 4.75% APR*** when you open a home equity line of credit with us! Now is the best time to get cash for home improvements, a dream vacation, debt consolidation and more. 

Stop by to see us, give us a call or visit our online Mortgage Center for more information on rates and how to apply.

Are you ready to move instead of remodel? Find out more about our conventional mortgages and how you could get up to $600 off closing costs!****

Certain restrictions may apply. This loan is not available in all areas. All loans are subject to credit approval, verification and collateral evaluation. **Free closing costs do not include documentary stamps in Florida. If the loan is paid in full within 18 months, the borrower will be required to repay all or a portion of the closing costs. Value of the home will be determined by most recent tax assessment and is at the sole discretion of AACFCU. If the borrower does not agree with the tax assessor's value of the home, the member may request the Credit Union order a full appraisal with the cost prepaid by the member. **APR=annual percentage rate. Quoted rate is the lowest available rate and is accurate as of 3/1/2016. Your rate will be based on your credit history and may be higher. Estimated monthly payment example= $7.80 per $1,000 (payment example is based on 4.75% APR and a term of 15 years). Offer is good for a limited time for loans new to AACFCU only with a minimum loan amount of $10,000. Our maximum rate for home equity lines of credit is 7.2% annual percentage rate. Property insurance may be required. Contact us for more details. ****Offer good for new loans to AACFCU only for 15-year first mortgages or refinances of first mortgages with a minimum loan amount of $50,000. Limited time offer. Contact us for more details.

Need to make a loan payment now before it’s late? Need to use a checking account, credit or debit card from another financial institution to make the payment? Learn more about our SNAP loan payment service. 

Mortgage Center