Home Equity Loans

Smart Choice Plus

The "Home Equity" Loan With No Home Equity Needed

  • Borrow $10,000 to $50,000.*
  • Up to 10 year payment terms.
  • Available up to 125% CLTV.^
  • Fixed rates starting at 9.00%.#
  • Owner-occupied primary residence only. 2nd lien only; no pre-payment penalty.
  • Interest may be tax deductible!+

* The amount varies depending upon the member’s credit score. Maximum of $50,000 aggregate unsecured credit/member.
^ CLTV = Combined Loan-to-Value.
# APR = Annual Percentage Rate. APR is based on evaluation of applicant’s credit at time of application. Actual APR may vary. Credit is subject to credit approval. FedChoice Federal Credit Union’s normal underwriting requirements apply.
+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 here with our Online Application.


Call us at 301.699.6151 • 800.969.6151 to apply over the phone.


Visit the nearest Financial Service Center.

Rates at a glance

Fed Choice