Home Equity

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Apple FCU Home Equity

Tap into your home's equity

Our home equity options are a great way to fund all of your planned and unexpected expenses.

Choose an Equity Loan if you prefer the security of fixed-rate loan and you’d like to receive the cash in a lump sum, with a set repayment term. Equity Loans are great for debt consolidation, or for a one-time purchase, like a deck installation or roof replacement.

If you’d like access to a reserve of cash over a period of time, our Home Equity Line of Credit (HELOC) may work for you. This type of loan is typically used for ongoing home improvement projects, to help cover college costs or for a wedding when you need to withdraw cash periodically to pay contractors. HELOCs provide the flexibility of having access to cash, but not paying interest until you actually withdraw it.

Whichever loan you choose, our great rates, flexible terms and affordable monthly payments, make it easy to tap into your home’s equity. In less than 20 minutes you can apply for a Home Equity Loan or Line of Credit.

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Loan Perks

Loan Options 

Home Equity Loan

Get the money you need in a convenient, single payout.


  • Loans up to $250,000 (up to 100% current home LTV*)
  • Fixed rate payments
  • Fixed term

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Home Equity Line of Credit (HELOC)

Anytime access and continuing source of funds.
  • Revolving credit line available (10-year draw period, up to 20-year repayment)
  • Interest-only payments for 10 years
  • Borrow up to $250,000 (up to 90% current home LTV*)
  • Minimum monthly payment based on interest due for current balance

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*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.

Compare Equity Options

FeaturesFixed Home Equity LoanHome Equity Line of Credit
Terms5, 10, 15 year10 year draw
Minimum Loan Amount$10,000$5,000
Maximum Loan Amount$250,000$250,000
Maximum Loan-to-Value100%90%
Maximum Terms (minimum loan amount may apply)up to 180 months360 months
Amortization60/120/180 months240 months
Lien Position2nd2nd
Closed-end termsYesYes
Revolving Loan TermsNoYes
Optional Loanshield Payment Protection YesYes
Online and Mobile Payment OptionsFREEFREE

*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.

What information do I need to apply for a loan

You’ll need:

  • Government issued photo ID - a driver’s license, state-issued ID or a military ID
  • W2 earnings statements or 1099 DIV income statements for the last two years
  • Federal tax returns for the last two years
  • Bank statements for the last few months
  • Recent paycheck stubs
  • Proof of other income, such as tips, Social Security payments, etc.
  • Proof of investment income

You may be asked for additional documentation, but having these documents will help to speed up your application process.

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Ask a Question about our Equity Loans

Apple FCU can finance equities for property within Virginia, Maryland, West Virginia, North Carolina and the District of Columbia. 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.

More helpful resources

HELOC Rate Locked Until 2023*

HELOC Rate Locked Until 2023*

Enjoy no closing costs** and lock in rates as low as 2.99% APR* on our Home Equity Line of Credit. 

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