Home Equity Loans & Lines of Credit

Home Equity Loan

Best. Summer. Ever. 

Your Dreams, Your Home. 

With a low rate Home Equity Loan from 360FCU, you can dip into the equity of your home to finance a summer of fun. Start a summer home project, go on vacation or just have fun! Whatever your summer has in store, a Home Equity Loan from 360 Federal Credit Union can help!

  • 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 Properties
  • Minimum Loan Amount $10,000 with max term of 15 years


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


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
    • 6.00% APR for 8 years
    • 6.25% APR for 12 years


  Apply Now  


Home Equity Loan Rates

Rates as of:08/01/2023
Up To 60 months6.75%
61 - 84 months7.00%
85 - 120 months7.50%
121 - 180 months7.75%
(CLTV³ <= 80%)


Home Equity Line Of Credit Rate

Rates as of: 07/31/2023TermAPR3
Prime Rate Plus 0%15 Years8.50%
Term: 15 Years. 5 year draw period. 10 year P&I payback period.
Rate: Prime Rate Plus 0%.



APR = Annual Percentage Rate.  Current Prime rate as published in the Wall Street Journal.

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, 6.25%, 144 months, $988.14.

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. Add on .50% to current rate. 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 plus 0%, maximum loan amount conforming loan limits.
  • 80.01 – 100%CLTV – Prime +1.00% and maximum loan amount of $250,000.00.

4) Payment Examples:

$981.87  monthly payment borrowing $50,000 at 6.75% for 60 months.
$1,504.29 monthly payment borrowing $100,000 at 7.00% for 84 months.
$1,181.35 monthly payment borrowing $100,000 at 7.50% for 120 months.
$934.87 monthly payment borrowing $100,000 at 7.75% for 180 months.

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.