Home Equity Loan
- Borrow $5,000 to $250,000
- 5, 10 and 15 year options
- 80% LTV+ for 1st liens.††
- 80% and 90% CLTV* options for 2nd liens.
- No pre-payment penalty
- Fixed Rate
- Interest may be tax deductible!^
Owner-occupied - primary residence only. Available in Delaware, District of Columbia, Maryland, New Jersey, Pennsylvania and Virginia.
† The Smart Choice Home Equity Loan and the HELOC must be secured by the owner-occupied primary residence.. Homeowner’s insurance is required. All loans are subject to credit approval.
+ LTV = Loan to Value.
†† 1st Lien Smart Choice Home Equity Fixed Rate loans are limited to a maximum value of 80%.
* CLTV = Combined Loan to Value.
^ The statements above should not be relied upon without the advice of a Professional Tax Advisor. Interest payments on this loan may be tax deductible depending upon the facts and circumstances. This is not intended to be tax advice.
Start Your Application Online NOW!
*Applying for a loan as a nonmember also submits a membership application. You must be a member of FedChoice to have receive a loan with us. Review membership criteria here.