Home Equity Loans & Lines of Credit


Mortgage Freedom Home Equity Loan

Isn’t it time for a little freedom? With the Mortgage Freedom Loan from 360 Federal Credit Union, you’ll be able to enjoy the freedom of paying down your mortgage faster and at a lower rate— and without closing costs* or prepayment penalties. Sound too good to be  true? Trust the lending experts at 360 Federal Credit Union to  help guide you on the path to freedom — and peace of mind. Mortgage Freedom Loan: Better Rates. Better Opportunities.

  • Refinance your mortgage from another financial institution
  • Fixed rate and terms 8 or 12 years1
  • Borrow up to 80% CLTV1
  • Primary residence
  • Rates as low as
    • 2.99% APR for 8 years
    • 3.25% APR for 12 years


Home Equity Loan

Let’s Finance That To-Do List Together Have you spent more time at home this year than you were planning to? Now it’s time to cash in. Maybe you’re looking to renovate, pay off some loans or buy an RV for a family road trip across the country— whatever those plans might be, let 360FCU help you get them started. Tap into the equity of your home, and the rest will fall into place.

  • No closing costs, no title search fee, no appraisal fee
  • Fixed rate and term 5 – 15 years
  • Borrow up to 100% CLTV2
  • No prepayment penalty
  • Primary Residence, Vacation/Second homes and Investment Properties2


  Home Equity Line Of Credit

Access your home’s equity in a revolving credit line that can be used over and over — and over again.

  • Low variable rate3
  • Pay interest only on what you borrow over 5 year draw period
  • 10 more years to repay
  • Borrow up to 100% CLTV3
  • Take advances for $250 or more


  Apply Now  


Home Equity Loan Rates

Rates as of:7/30/2020
Up To 60 months3.75%
61 - 84 months4.00%
85 - 120 months4.25%
121 - 180 months4.75%
(CLTV³ <= 80%)
Payment Example: $732.16 monthly payment borrowing $40,000 at 3.75% for 5 years.


Home Equity Line Of Credit Rate

Rates as of: 10/31/2019TermAPR3
Prime Rate Minus 1.00%15 Years3.50%
Term: 15 Years. 5 year draw period. 10 year P&I payback period.
Rate: Prime Rate Minus 1.00%.



APR = Annual Percentage Rate.  

1) Rates apply to 1 – 4 family properties. Primary residence only.  First lien position. No cash out. Minimum loan $10,000.  Payment Example: $100,000, 3.25%, 144 months, $839.57.

2)  Rates apply to 1 – 4 family properties.

  • Primary Residences- Up to 100% financing. If CLTV is below 80%, maximum loan amount conforming loan limits. Between 80.01 and 100%, the loan limit is $250,000.00, with an add on rate of 1.125%.
  • Vacation/Second Homes- Up to 80% CLTV  with max loan amount of conforming loan limits.
  • Investment Properties Up to 70% CLTV financing. Maximum term of 10 years and maximum loan amount of $250,000.00.

Minimum loan amount $10,000. Rates listed are based on our credit grade “A”. Your rate may vary depending on your term selected and individual credit score. Fixed Rate Home Equity Loan CLTV Limits: CLTVs between 80.01% – 100% maximum loan amount of $250,000.00.  Rate add-on: 80.01% to 100.00%, +1.125% to posted rate.

3) Rates apply to owner occupied 1 – 4 family primary residences. This HELOC is a monthly variable rate loan. The APR can change at each billing cycle and cannot increase more than 6.00% above the initial rate, at no point will the APR go below our floor rate of 3.50%. Minimum loan $10,000. HELOC Add ons: 

  • Below 80% CLTV – Prime minus 1.00%, maximum loan amount conforming loan limits.
  • 80.01 – 100%CLTV – Prime +1.00% and maximum loan amount of $250,000.00.

All loans and lines subject to credit approval. Rates based on credit score grade A. Rates are effective as of the date shown and are subject to change without notice.