HELOC Special | Atlantic Federal Credit Union
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HELOC

Low HELOC Introductory Rate For First 6 Months**

Cash In The Equity In Your Home...

Whether you’re looking to consolidate debt, pay tuition, make home improvements, or cover unexpected expenses, now you can with a Home Equity Line of Credit (HELOC) from the Atlantic Federal Credit Union.

Our HELOC Special features:

• Introductory rate of 1.99% APR* for the first 6 months**
• Variable rate as low as 5.00% APR after the introductory period
• No pre-payment fees

Already have an equity loan or 2nd mortgage with another lender? 
Refinance with us! Our low rates could reduce your monthly payment drastically!

Apply Now

*APR = Annual Percentage Rate. **All loans are subject to credit review and approval. An immediate draw of $25,000 is required to qualify for the introductory rate. Any existing Atlantic Federal Credit Union Home Equity Line of Credit (HELOC) that is being refinanced in order to receive the new introductory 6-month APR requires a $50,000 increase in the credit line amount, subject to approval. 1.99% APR is an introductory fixed rate for the first 6 months for qualified HELOC borrowers. After the introductory period, the fully indexed rate will be a variable APR based on the Prime Rate as published in the Wall Street Journal (which as of 8/1/2022 is 5.50%) plus or minus a margin that ranges from -0.50% to 4.00% based upon individual credit and services with the Atlantic Federal Credit Union. The standard minimum APR (floor rate) is 2.99%, and the maximum APR (ceiling rate) is 15.00%. The introductory fixed rate is for a maximum combined loan-to-value (CLTV) ratio of 100%, with a maximum loan amount of $250,000. The maximum term of a HELOC is 15 years, which consists of a 10-year draw period followed by a 5-year repayment period. If the Prime Rate increases or decreases after the introductory period, the variable APR and minimum required payment will change accordingly. The minimum monthly payment during the draw period is calculated monthly based upon the outstanding balance over the remaining term of the loan, but will not be less than $50 or the full amount owed, whichever is lesser. Promotion offered for a limited time, may be discontinued at any time, and is not available on Interest-Only Home Equity Line of Credit. Offered rates are subject to change without notice. Additional terms and conditions may apply. $109 tax service fee may apply. Optional remote or in-house closing fee of $175 may apply.

The Atlantic Federal Credit Union NMLS #440431