FedFinancial Federal Credit Union is committed to providing a website that is accessible to the widest possible audience in accordance with ADA standards and guidelines. We are committed to accessibility and usability of our website to everyone. If you are using a screen reader or other auxiliary aid and are having problems using this website, please contact us at 301-881-5626 and we will be happy to assist you. All products and services available on this website are available at our branch and over the phone.

Home Equity Lines of Credit

A Home Equity Line of Credit lets you borrow up to a pre-approved spending limit. You can draw on your line of credit whenever you need it – fast. This simple approach to managing your cash flow can give you access up to $200,000, usually within 2 weeks and it is very easy to use.  You will get a very competitive rate and you may benefit from significant tax savings.*

FedFinancial’s Home Equity Line of Credit is a variable rate, 15 year loan. The rate updates at the beginning of every quarter and is based on the Wall Street Journal Prime Rate with a floor of 2.99% APR (Annual Percentage Rate) and a maximum of 18.00% APR**. You can draw on your home equity for 10 years. Payments will be calculated so that the loan is paid off 15 years from the origination date. Typical closing costs are $800 - $3,200 depending on the loan amount and property location.

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See How We Compare

Home Equity Lines of Credit rates from various Federal Credit Unions


Index & Margin

LTV Maximum

FedFinancial FCU


WSJ Prime. - 0.51%


Pentagon FCU


WSJ Prime + 1.50%




WSJ Prime + 1.65%


Democracy FCU


WSJ Prime 


Rates are advertised rates on the institutions' websites as of  October 1, 2020 that generally correspond to the LTV Limit of FedFinancial's Home Equity Line of Credit. Other terms and conditions may vary between institutions. FedFinancial FCU requires a credit score of 720 or above to receive the quoted rate along with meeting other underwriting requirements.  Other financial institutions may have different requirements to receive the stated rates. APR is Annual Percentage Rate. WSJ Prime is Wall Street Journal Prime Rate.  LTV is Loan-to-Value. 


Fixed Rate Home Equity

A Fixed Rate Home Equity may be the right choice for you if you need to fund a large purchase such as a home improvement project, pay off other loans and credit cards to consolidate debt and lower payments, and much more. You will get a very competitive rate that is fixed for the duration of the loan term and you may benefit from significant tax savings.*

*Check with your tax advisor.

**Rates are subject to change and based on a review of credit history. Other rates may apply.

FedFinancial Federal Credit Union Mortgage Loan Originators are registered with the Nationwide Mortgage Licensing System. Our Institution ID is 404966. The following Mortgage Loan Originators are also registered.

  • Chuck Goldston, Director of First Mortgages, NMLS ID# 409371
  • Irish Dizon-Baker, Director of Operations, NMLS ID#1276207
  • Jonathan Rhodes, President/CEO, NMLS 2014630
  • Heather Gray, Director of Compliance, NMLS ID# 433750
  • Nicola DiBari, Assistant Branch Manager, NMLS ID#1281119
  • Authrene Hutchinson, Teller Supervisor, NMLS ID#1271418
  • Anthony Lloyd, Member Service Specialist, NMLS ID# 1687834
  • Stephen Merma, Member Service Specialist, NMLS ID# 1835108

See Our Current Rates