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Thanksgiving Holiday

In observance of the Thanksgiving holiday, Andrews Federal Credit Union will be closed on Thursday, November 28, 2024. Access to your account is available 24/7 with Digital Banking.

Upper Marlboro Branch Closed

Our Upper Marlboro branch is temporarily closed. Please visit our nearest branch on 5711 Allentown Road for your in-person banking needs.  

Andrews Federal Credit Union
  1. Home
  2. Borrow
  3. Home Loans

Home Equity Loans and Lines of Credit

You work hard to make your mortgage payments, now let your home, or elsewhere reward you.
  • Take advantage of the equity in your home
  • Tackle home improvement projects or make big purchases
  • Borrow up to $350,000
  • Save money with low interest rates

You could remodel a room. Or reshape your future.

With an Andrews Federal Credit Union Home Equity Line of Credit (HELOC) or Loan, there are no strings attached. While it's the value of your home that gives you access to money at a low cost, nothing says you have to spend it on a no-frills improvement project. So go ahead and pay for college, travel the world, kick-start a new business, or knock a few key items off your bucket list.

Fund life's big moments with your home's equity

Sometimes life comes at you harder than you expect. Home equity funds are a good way to cover unexpected expenses and big medical bills, or to consolidate other higher-rate debt. There's something to be said for buying a little peace of mind.

Home Equity Loan

Sometimes you need a big chunk of money right away. A Home Equity Loan puts thousands of dollars in your hands right off the bat to tackle big-ticket projects, purchases, and expenses.

  • Fixed-rate loan
  • Our home equity loan rate is as low as 6.99% APR.* 
  • Up to a 15-year repayment period
  • Borrow up to 95% of your home’s value (minus the amount remaining on your mortgage)2
  • Loan amounts $25,000 to $350,000

Home Equity Line of Credit (HELOC)

Take advantage of the value in your home with a HELOC to tackle home improvement projects, consolidate debt, pay for educational expenses, make big purchases and more. A HELOC gives you easy access to the funds you need to make those things a reality.

  • Variable line of credit based on creditworthiness1
  • Currently, our variable Home Equity Line of Credit rate is as low as Prime + 2.50%
  • Borrow up to 95% of your home’s value (minus the amount remaining on your mortgage)3
  • Access money when you need it through Online and Mobile Banking
  • Credit Lines of $25,000 to $350,000

Rewarding Checking

Kasasa Cash Checking
We’re always looking for ways to give you more. That includes our outstanding checking options powered by Kasasa. With Kasasa Cash Checking, you can earn higher dividends on your checking account balances — up to 6.00% APY. And, you’ll continue to have access to all the best benefits that come standard with Andrews Federal membership, including Early Direct Deposit, mobile check deposits, Digital Banking access and more.
Learn More

Now offering members the option to choose high yield or cash back with new checking accounts powered by Kasasa.

We do business in accordance with the Equal Credit Opportunity Act. Must be a member of the credit union to open any loan account. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Subject to credit and property approval. Closing costs vary and will depend on the location of the property and the amount of the loan. Property insurance is, and flood insurance may be, required. Additional restrictions may apply.

*APR=Annual Percentage Rate.

1All balances accrue interest at the variable APR (Annual Percentage Rate) in effect for your account. Variable rate is based on The Wall Street Journal Prime Rate plus a margin, adjusted quarterly. The annual percentage rate will not fall below 4.00% APR during the term of the line of credit. Subject to credit and property approval. Minimum loan amount is $25,000. Maximum loan amount will be based on the amount of equity available, based on the appraised value of your home, up to a maximum of $350,000. Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change. Property insurance is, and flood insurance may be, required. Additional restrictions may apply. Rates and APRs are subject to change without notice.

2As a member, you may borrow up to 95% of your home’s value minus the amount remaining on your mortgage.

Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.