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Home » Personal Banking » Loans » Home Equity Loans & Lines
Home Equity Loans is rated 4.9 out of 5 by 6.
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Local Service. Affordable Payments. Endless Possibilities.

Use the equity in your home to get the cash you need, when you need it. With our great rates, flexible terms and affordable monthly payments, it’s easy to tap into your home’s equity. We offer Home Equity Loan and Line of Credit options.

Features
  • Apply online in as little as 20 minutes
  • Competitive rates and affordable payments
  • Local underwriting for fast approval
  • Easy, online payments in Online Banking

When you're ready to access your home's equity, we're here to help!

Home Equity Loan (Second Trust)

Get the money you need in a convenient, single payout to cover debt consolidation, home improvements, medical expenses or most any other purpose.

Features:
  • Loans up to $250,000 (up to 100% current home LTV*)
  • Fixed terms of 3-, 5-, 7- or 10 years with an amortization of 240 months
  • Fixed terms of 5/10/15 years
  • No annual fees
  • Fixed-rate monthly payments
  • No early payment penalties
  • Local servicing
  • Interest may be tax-deductible**.
Ask a Question about our Equity Loans

Home Equity Line of Credit (HELOC)

The convenience of anytime access and continuing source of funds can be used for debt consolidation, home improvements, education costs, wedding expenses, vacation plans and most any other purpose.

Features:
  • Borrow up to $250,000 (up to 90% current home LTV*)
  • 10-year draw period
  • Revolving credit line available (up to 20-year repayment)
  • Minimum monthly payment based on interest due for current balance
  • No pre-payment penalties
  • No annual fees
  • Convenient access to your money—Online Banking, by phone, check or at any branch
  • Local servicing
  • Interest may be tax-deductible**.
Ask a Question about our Home Equity Line of Credit
Features Fixed Equity Loan Home Equity Loan Home Equity
Line of Credit
Fixed Terms 5, 10, 15 year 3/20, 5/20, 7/20, 10/20 year 10 year draw
Minimum Loan Amount $10,000 $10,000 $5,000
Maximum Loan Amount $250,000 $250,000 $250,000
Maximum Loan-to-Value 100% 100% 90%
Maximum Terms (minimum loan amount may apply) up to 180 months up to 120 months 360 months
Amortization 60/120/180 months 240 months 240 months
Lien Position 2nd 2nd 2nd
Closed-end terms Yes Yes No
Revolving Loan Terms No No Yes
Optional Payment Protection Available (LoanShield) Yes Yes Yes
Online Banking FREE FREE FREE
Online payment options FREE FREE FREE

With Apple Financial Services LLC, a wholly-owned subsidiary of Apple FCU, you’ll enjoy one-on-one attention from an insurance agent who will take the time to find the coverage you need at a price you can afford.

Enjoy peace-of-mind knowing that your home and belongings are protected with an affordable policy and coverage options that fit your lifestyle. Our award-winning agents make shopping for insurance with national carriers easy.

Call us at 703-788-4817 to schedule an appointment or get your no cost, no obligation online insurance quote today.

*Property values are based on the lesser of the current appraised value or a Freddie Mac Home Value Explorer (HVE®) with a condition report. Independent appraisals not accepted. **Consult your tax advisor regarding tax-deductible interest.

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, and income of applicants and borrowers; and information about loan approvals and denials. Inquire at 703-788-4800 or 800-666-7996 regarding the locations where HMDA data may be inspected.

Rated 5 out of 5 by from Easiest home loan application process Of all the confusion that could've occurred, we had a very simple, straightforward experience with applying for and obtaining our home equity loan. Applying online was fast, easy and convenient. The information about next steps and what to expect and when to expect it came quickly and were very clear. We had a quick, convenient and painless closing and the funds were put in our account directly. Everyone was friendly and professional. Thank you Apple FCU for helping us achieve our goal of making our home a better one.
Date published: 2015-05-22
Rated 4 out of 5 by from Loan in a minute I was able to borrow money in less than 48 hours. I was impressed with how fast (and easy) it was to get the loan.
Date published: 2015-07-22
Rated 5 out of 5 by from Easy and convenient There is no better option. Easy and convenient. Best customer service
Date published: 2015-08-13
Rated 5 out of 5 by from BEST HELOC My husband and I applied for HELOC through Apple FCU and it was the best decision we ever made. Our loan officer and processor were GREAT. Very knowledgeable and quick to respond to emails or phone calls . They stated the process time would be 3-4 weeks from start to finish but our process from start to finish took less than two weeks. Thank you Darcie & Marco for everything!!!!!!!!!!!!!
Date published: 2016-06-16
Rated 5 out of 5 by from Outstanding Home Equity Loan From my very first contact with a loan officer, all the way through to finalizing the loan, the entire process was smooth and uncomplicated, mostly because every AFCU person I dealt with was very professional and extremely helpful. It was quite a calming experience in such a vital financial transaction.
Date published: 2015-08-13
Rated 5 out of 5 by from Great Products Everything was easy and fast, great job! I would use Apple again if needed
Date published: 2016-05-05
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We are interested in the Home Equity Loan. I assume we have to join to get one. How long does the process take and what kind of account would we have to open? I am a GMU alum and my husband works in Alexandria.

Asked by: arstevens04
You're correct, you would have to be a member of Apple FCU before you closed on the loan if approved. Based on the information you provided regarding your alma mater and husband's work location, you're qualified to join! Membership requires only a $5 minimum balance in a Savings account and you can open your account online 24/7, or visiting a branch is always an option (locate one near you at https://www.applefcu.org/Appleweb/Locations). That said, you are able to apply for an Apple FCU Equity Loan without being a member yet; simply enter 123456 when prompted for a member number. To get started, visit https://www.applefcu.org/Loans/MortgageBot; the application should take less than 15 minutes to complete. We look forward to serving you!
Answered by: AppleFCU
Date published: 2017-01-19

Hello, I am interested in applying for a Home Equity Line Of Credit , I need you to provide me with your guidelines, such: Max LTV, Fico scores, DTI, If BK7 and Short sale

Asked by: Anonymous
With an Apple FCU Home Equity LOCs, you can borrow up to 90% LTV* (up to $250,000); for complete details visit https://www.applefcu.org/Loans/HomeEquity#tab3. Per our guidelines, our minimum score is 620 and the debt to income ratio we like to keep under 45%; those these are not the only deciding factors. We look for good/excellent credit, credit on the mend or credit being built. We look at repayment history, capacity and desire to repay, and length and types of credit history. In short, we look at the entire picture and we look at each borrower individually. When you're ready to apply, visit https://www.applefcu.org/Loans/MortgageBot. Apple FCU ca finance equities for property within Virginia, Maryland, West Virginia, North Carolina and the District of Columbia only.
Answered by: AppleFCU
Date published: 2017-01-17

Good afternoon! Just a quick question... do you perform simultaneous closings for HELOCs on purchase transactions with a first mortgage with another lender?

Asked by: Anonymous
Apple FCU will only permit simultaneous closings if we're the holder of the first mortgage as well.
Answered by: AppleFCU
Date published: 2016-12-22

What is the minimum credit score of a home equity loan? What is the maximum dti after funding?

Asked by: Ebonie
Sorry for the delayed response! Per our guidelines, our minimum score is 620 and the debt to income ratio we like to keep under 45%; those these are not the only deciding factors. We look for good/excellent credit, credit on the mend or credit being built. We look at repayment history, capacity and desire to repay, and length and types of credit history. In short, we look at the entire picture and we look at each borrower individually. When you're ready to apply, visit https://www.applefcu.org/Loans/MortgageBot.
Answered by: AppleFCU
Date published: 2016-12-15

where do I find the rates for a home equity loan

Asked by: Jules
For current rates on an Apple FCU Home Equity Loans, please visit https://www.applefcu.org/Loans/MortgageBot.
Answered by: Apple FCU
Date published: 2016-11-14

What interest rates do you offer on a 20 fixed home equity loan?

Asked by: Equity Loan
For current rates on an Apple FCU Equity Loan, please visit https://www.applefcu.org/Loans/MortgageBot. The Equity loans are in the second section under 'Today's Featured Rates'. To get a better idea of what your rate might be based on the property value, amount you wish to borrow, etc., click the ‘Check Rates/Get Quote’ button.
Answered by: Apple FCU
Date published: 2016-11-04

Please call me, I would like to inquire about a HELOC loan with your company

Asked by: Anonymous
Thank you for your interest in a HELOC with Apple FCU. If you're ready to apply, visit https://loanapp.applefcu.org/. Should you have additional questions, it's best to speak with a loan officer directly so they can provide details specific to your request. Feel free to give us a call at 703-788-4800 or visit any Apple FCU branch.
Answered by: Apple FCU
Date published: 2016-10-31

What credit score is required for a 15 year equity loan at 85% LTV in Florida?

Asked by: Adrien
Approval for a loan is based on many factors, including your credit score. In short, we review your entire individual financial picture. It's best to speak with a loan officer for information specific for your lending needs. Simply call at 703-788-4800 or stop by any Apple FCU branch. If you're ready, feel free to apply now at https://loanapp.applefcu.org/.
Answered by: Apple FCU
Date published: 2016-10-26
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