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Home » Personal Banking » Loans » Home Equity Loans & Lines
Home Equity Loans is rated 4.8 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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I have a home equity loan from another bank, could I get the Apple HOE loan to replace that one? Are there any stipulations to be considered?

Asked by: pswitts
You're certainly able to apply for an Apple FCU Home Equity Loan. Since the process is dependent on several factors specific to you and your home, it's likely best to speak with an equity specialist to discuss any stipulations or further qualifications. Please call 703-788-4800, option 5, during business hours. We look forward to assisting you!
Answered by: AppleFCU
Date published: 2017-04-18

What are the fees associated with a home equity loan with a fixed rate? How much out of pocket cash must I bring to close on the loan?

Asked by: DJ06
Because closing costs are based on a number of factors, including the value of the loan, product selection, etc., it's difficult to give you a specific answer. However, for an estimate on fees before applying, click the 'Check Rates/Get Quote' button on the left side of this page: https://www.applefcu.org/Loans/MortgageBot. If you have further questions, please call 703-788-4800, option 5. We look forward to serving you.
Answered by: AppleFCU
Date published: 2017-04-17

do you do HELOC loans in California on our investment property that we have owned for 9 years ?

Asked by: joig
Apple FCU finances equities for property within Virginia, Maryland, West Virginia, North Carolina and the District of Columbia only.
Answered by: AppleFCU
Date published: 2017-04-05

I am in Indiana. Do you make loans in Indiana for Home equity?

Asked by: Anonymous
We're currently able to finance equities for property within Virginia, Maryland, West Virginia, North Carolina and the District of Columbia.
Answered by: AppleFCU
Date published: 2017-03-31

Can you answer the following first. 1. Do you Lend in CA? 2. Will you refinance just the 2nd and 3rd lien on primary home and be 2nd lien on house behind first? 3. I had a short sale on an investment property back in 08/2014 - is there enough time gap

Asked by: juand
Apple Federal Credit Union must be in 2nd lien position for all Home Equity Loans, and we currently finance equities for property within Virginia, Maryland, West Virginia, North Carolina and the District of Columbia. Also, after a short sale, at least seven (7) years should have passed in order to qualify.
Answered by: AppleFCU
Date published: 2017-03-23

What is home equity interest rate with score over 800?  Doing some Renovations.  Want 50k. What resource is used for home value?

Asked by: Carla221
For current rates on an Apple FCU Equity Loan or Line of Credit, please visit https://www.applefcu.org/Loans/MortgageBot. Equities are listed about halfway down on the 'Today's Featured Rates' feature on the left side. We also have a current promotion for our Equity Line of Credit; details are at: https://www.applefcu.org/AppleWeb/Promotions#HELOC. 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 are not accepted. If you have further questions, please call 703-788-4800.
Answered by: AppleFCU
Date published: 2017-03-23

What is needed when going in for a home equity loan?

Asked by: Tomme
The application for an Apple FCU Home Equity Loan is online only, so to get started, visit https://www.applefcu.org/Loans/MortgageBot. We take full advantage of an automated underwriting system that allows us to request as little information as possible to verify the data you provided during your loan application. Gone are the days when it was necessary to verify every piece of data collected during the application. The automated underwriting system compares your financial situation with statistical data from millions of other homeowners and uses that comparison to determine the level of verification needed. In many cases, a single W-2 or pay stub can be used to verify your income or a single statement can be used to verify the assets needed to close your loan.
Answered by: AppleFCU
Date published: 2017-03-23

I am interested in getting more info about a home equity line of credit. 1) Do I have to have a current account in order to apply? and 2) I see that there is a fee. What is the cost to apply? 

Asked by: fpcrane23
Membership at Apple Federal Credit Union is not required before applying for an Equity Line of Credit, and we finance property within Virginia, Maryland, West Virginia, North Carolina and the District of Columbia. If approved, you would have to complete a membership application before we could fund the loan. For an estimate of associated fees, visit https://loanapp.applefcu.org/ and click the 'Check Rates/Get Quote' button on the left side of the page.
Answered by: AppleFCU
Date published: 2017-03-23
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