Home Equity Line of Credit

A Home Equity Line of Credit (or HELOC) is a good way to finance almost anything with a rate that is typically less than a traditional loan or a credit card. It is a loan set up as a line of credit for a maximum draw, rather than for a fixed dollar amount. The flexibility, low rate, and absense of many fees makes it one of our most popular products.

A HELOC uses the equity in your home as collateral. Qualified members can borrow up to 80% of the value of your home.

Friends and Family works with you to set a maximum amount of money that you can use whenever you want to. You can draw on the line to finance home improvements, education costs, pay off debts, take a vacation, pay emergency expenditures… or just about anything else. And you only pay interest on the amount that you use.

Our HELOC rates are low, and offer
• NO application fees
• NO appraisal fees
• NO annual fees and
• NO closing costs.

HELOC Rates

Call (330) 832-1371