NOTICE
1. Learn what Democracy FCU is doing to help members and the community: COVID-19 Resource Center.
2. CLICK HERE to schedule your Alexandria or Silver Hill branch visit! Please visit our COVID-19 Resource Center for branch procedures.
Home Equity Loans
Tap into your home’s equity to get the cash you need. A low-rate home equity loan or line of credit from Democracy FCU is just what you need for home renovations, debt consolidation, and so much more!
Home Equity Loans and Lines of Credit
Home Equity Loans
Are you looking for a one-lump sum to use any way you would like?
Our Home Equity Loan Program is perfect for you!
We Offer:
- Borrow up to 85% of your home’s value
- Loan amounts from $10,000 - $250,000
- Fixed monthly payments
- Full and Exterior-Only appraisals available (Exterior-only due to COVID-19)
- Great for
- Debt consolidation
- Home improvements
- Education funding
- Extra emergency fund
Home Equity Lines of Credit
Our home equity line of credit is for you if you’d like to access funds on an ongoing basis.
Apply today and enjoy:
- Credit Lines from $10,000 to $250,000
- Perfect for recurring expenses
- Only pay on the funds you use
- Borrow up to 85% of your home’s value
Home Equity Loan and Line of Credit Rates
| Term | Maximum Loan Amount | APR (as low as)1 | Maximum LTV | Monthly Payment per $1,000 | Estimate Your Payment |
|---|---|---|---|---|---|
| 5 years | $250,000 | 4.50% | 85% | $18.64 | Estimate Your Payment |
| 7 years | $250,000 | 5.00% | 85% | $14.13 | Estimate Your Payment |
| 10 years | $250,000 | 5.50% | 85% | $10.85 | Estimate Your Payment |
| 15 years | $250,000 | 6.50% | 85% | $8.71 | Estimate Your Payment |
| 10 years | $250,000 | 4.50% | 80% | $10.36 | Estimate Your Payment |
| 15 years | $250,000 | 5.00% | 80% | $7.91 | Estimate Your Payment |
| Properties must be owner occupied. Other restrictions apply. (See Product Overview for full details.) | |||||
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| Maximum Line Amount | APR (as low as)1 | Payment | Maximum LTV |
|---|---|---|---|
| $250,000 | Variable APR of Wall Street Prime 3.25% as printed in the Wall Street Journal on the last business day of the previous quarter. | 1.50% of the outstanding balance on the last day of each month. | 85% |
| Properties must be owner occupied. Other restrictions apply. (See Product Overview for full details.) | |||
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