Home Equity Loans
Tap into the equity in your home to get the money you need! It’s a smart alternative for the savvy homeowner to consolidate debt, pay education expenses, or fund home improvement projects- big and small. Our low, fixed-rate Home Equity Loans are available for terms from five to fifteen years with a minimum loan amount of $10,000 and you may borrow up to 100% of your home’s value less any existing liens. There are options available that include no closing costs*, no annual fees, and no prepayment penalties.
With our Home Equity Loans, we also offer Credit Life and Disability Insurance Protection.
*If loan is paid off within one year, reimbursement of closing costs and appraisal fee is required.
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Mortgage Refinance Special
You can also use a Home Equity Loan as a way to refinance an existing mortgage! Rather than a traditional mortgage, our Home Equity Special offers significant savings with lower closing costs and application fees than most traditional mortgages. Plus, you'll get the quality service and value that Hartford Federal Credit Union is known for!
Apply online by clicking the Apply button below.
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Home Equity Lines of Credit
With a Home Equity Line of Credit (HELOC), you can borrow up to 80% of your home’s equity at competitive rates with no closing costs*, no annual fees, and no prepayment penalties! The minimum credit line is $10,000.
With a HELOC, you will able to easily access your credit line. Each time a line transfer occurs (minimum transaction amount of $500), the amount will be added to your loan balance. Your line of credit will have a draw period of ten years, this means the line of credit will be available to you during the first ten years of the loan. At the end of the draw period, you will no longer be able to take advances unless a new line of credit is established. The remaining balance is then repaid over 15 years.
The Annual Percentage Rate (APR) for Hartford Federal’s HELOC is based upon the highest Prime Rate published in the Money Rate section of the Wall Street Journal. Your HELOC rate will fluctuate with the Prime Rate throughout the life of the loan.
Apply online by clicking the Apply now button below.
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*If line of credit is closed within one year, reimbursement of appraisal fee and closing costs is required.
Whether you're buying a home or refinancing your current mortgage, Hartford Federal Credit Union can help! Through our partnership with Mortgage Markets CUSO, a trusted credit union service organization, HFCU members have access to competitive mortgage solutions with experienced mortgage professionals providing personalized guidance throughout the home financing process.
Limited Time Offer: Act now for a .50% discount off our listed 30 year rate!*
Convenient online tools make it easy to get pre-qualified, request a customized rate quote, and explore your financing options before you apply!
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Options Include
10, 15, 20 & 30 Year Fixed Mortgages
First Time Homebuyer Program
Federal Housing Administration (FHA) & Connecticut Housing Finance Authority (CHFA) products
Home Affordable Refinance Program (HARP)
VA Loans Rural Development Loans (commonly called USDA loans)
Adjustable Rate Mortgages (ARMs)
Second homes and 1-4 family investment properties