Home Equity Loan Rates

slideshow

Print

The following rates are effective on June 1, 2023 and subject to change without notice. For updated information, inquire at any FedChoice Financial Service Center (FSC) location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Home Equity Line-of-Credit
Loan Type Term APR* as low as**
Gold (90% CLTV)†o Revolving 8.25%
Classic (90% CLTV)§o Revolving 7.75%

CLTV = Combined Loan to Value.
Variable rate is based on The Wall Street Journal Prime. Rate adjusted monthly. The Gold Home Equity Line-of-Credit is subject to a floor of 3.50% APR. With HELOC Gold, you have the option to pay Interest Only for the first 10 years.

§Variable rate is based on The Wall Street Journal Prime. Rate adjusted monthly. The Classic Home Equity Line-of-Credit is subject to a floor of 3.50% APR.
oOn average, closing costs may vary depending upon the amount of the loan, terms, property value, etc. Consult your tax advisor regarding the deductibility of interest and charges.

* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.

The following rates are effective on June 1, 2023 and subject to change without notice. For updated information, inquire at any FedChoice Financial Service Center (FSC) location or contact our Member Care Center at 301.699.6151 • 800.969.6151.

Smart Choice Home Equity Loans
Fixed Interest Rates
Loan Type Term APR* as low as**
5 Year (80% LTV)†^ 60 months 7.49%
5 Year (90% CLTV)†± 60 months 10.24%
10 Year (80% LTV)‡^ 120 months 7.74%
10 Year (90% CLTV)‡± 120 months 10.49%
15 Year (80% LTV)‡^ 180 months 7.99%
15 Year (90% CLTV)‡± 180 months 10.74%
20 Year (80% LTV)‡^ 240 months 7.99%
20 Year (90% CLTV)‡± 240 months 10.74%

* Annual Percentage Rate
** APR is based on evaluation of applicant's credit. Your actual APR may vary.
Owner-occupied primary residence. 1st or 2nd lien, no pre-payment penalty.
Borrow $5,000 to $500,000.
Borrow $10,000 to $500,000.
^ 1st lien Smart Choice Home Equity Fixed Rate loans are limited to a maximum loan to value of 80%.
± Not applicable to 1st liens for Smart Choice Home Equity Fixed Rate loans.

Current_Members_Apply_Here_Button

Start Your Application Online NOW!

Not_A_Member_Apply_Here_Button

*Applying for a loan as a nonmember also submits a membership application. You must be a member of FedChoice to receive a loan from us. Review membership criteria here.

Phone Icon

Call us at +1-301-699-6151 / +1-800-969-6151
to apply over the phone.

Person Icon

Visit the nearest Financial Service Center
to apply in person!

Rates at a glance

Loan Rates

Deposit Rates

Fed Choice