Home Equity

Federated Employees Credit Union offers a wide range of loan options using the equity in your home. These loans are available to members that own a home in Minnesota, Arizona, Georgia, Kansas, Missouri, and Indiana. We offer competitive interest rates, flexible terms, and fast, convenient service. Automatic payment options are available.

We lend up to 90% of the equity in your home (equity available is determined by FECU guidelines). You can choose to open a Line of Credit with a variable rate or a fixed term loan with a fixed rate. There are no closing costs in most situations; however, some restrictions may apply. The funds can be used for most anything, such as remodeling, tuition, bill consolidation, vehicles, etc. The interest you pay can be tax deductible (consult a tax advisor).

To apply, complete the Online Loan Application.  
In the Online Loan Application, please attach: 
1. Your most recent property tax statement
2. Your most recent paystub for each borrower (or two years tax return for self-employed borrowers)
3. Your homeowner’s insurance agent and annual premium.
FECU will donate $1 for every funded loan to support the Federated Challenge!

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