Home Equity Line of Credit
Build the Home You Want With the Equity You Have
Whether you’re renovating your home, consolidating debt, or covering unexpected costs, a HELOC provides a revolving credit line with competitive rates and flexible repayment options. You draw and pay interest on only what you need. Having a HELOC with Maine Family FCU provides several advantages:
- Easy online application
- Local servicing
- Flexible access to funds
- Cost-effective way to borrow for large expenses
- NO CLOSING COSTS FOR A LIMITED TIME!
Home Equity Line of Credit Rates
| Term | Rate | APR* | Monthly Payment |
|---|---|---|---|
| Revolving | Prime minus 0.25% | 7.250% | 1.50% of the outstanding balance, or $100.00, whichever is greater. |
*APR=Annual Percentage Rate. Offer valid from June 2, 2025, through July 30, 2025. Our Home Equity Line of Credit is a variable rate of Prime Minus .25% for the life of the loan. The rate is adjusted on the first day of each month based on Prime as published in the Wall Street Journal. The prime rate is 7.50% APR as of 12/18/2024. Hazard Insurance is required. Flood insurance is required where necessary. No minimum initial advance is required. We will lend up to 85% of the appraised value of your home, minus first mortgage. $5,000 minimum for line of credit. Maximum Annual Percentage Rate is 18.00%. All loans subject to approval. Offer may end at any time without notice.