Competitive Home Equity Loans

Your house is more than just a home – it’s a financial investment. Sometimes, it helps to leverage the equity in your home to help accomplish other financial goals.
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HELOC
Fixed Rate Home Equity
Interest Only HELOC
Finish Line Mortgage
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Take advantage of competitive rates on fixed-rate home equity loans or Introductory Rate as low as 4.25% APR** with a Home Equity Line of Credit!

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Inspire Home Loan Options

Whether you need financing for home repairs, debt consolidation, or anything else, you can count on us for an affordable home loan that’s tailored specifically for you. It’s also simple to access account details conveniently online, view your balance, and make payments directly from your Inspire FCU Checking Account.
What We Offer:
  • Fixed Rate

  • Home Equity Line of Credit

  • Interest-Only HELOC

  • Finish Line Mortgage

  • Our members use these loans for home improvement, secondary education expenses, debt consolidation, small business start-up expenses and vacation expenses.

Not sure which equity loan is right for you? Read on to learn more.

Home Equity Line Of Credit (HELOC)

Introductory Rate as low as 4.25% APR for the first 6 months**!

Inspire FCU’s home equity line of credit (HELOC) gives you a sense of security by providing the means necessary without the added stress of finding financing when the time comes. You have the power to borrow the funds when you need them, and only pay back on the amount you borrow. Don’t need the funds right now? No problem. But, rest assured that you have access when needed.
Features & Benefits:
  • Borrow up to 100% of your home’s value (LTV)*

  • Competitive variable rate loan with flexible terms

  • Low introductory APR rate as low as 4.25%**

  • Interest-only payment options

  • Access your funds with HELOC checks

Terms:
  • 10-year draw with 15-year repayment (25-year total term)

  • Borrow up to $500,000

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Fixed Rate Home Equity Loan

A fixed-rate home equity loan provides peace of mind for a consistent payment through the life of the loan. They are designed to help you reach even the most challenging goals and leverage the equity you’ve built over the years. This helps you accomplish your other personal goals and provides more financial stability.
Features & Benefits:
  • Competitive fixed rate loan with flexible terms

  • Borrow up to 100% of your home’s value (LTV)*

  • Inspire Choice Protection available

  • Pay-off your mortgage sooner with our Finish Line Mortgage

Terms:
  • Up to 240 months

  • Borrow up to $500,000

Interest Only HELOC

Inspire FCU interest only home equity line of credit (HELOC) is designed to help meet your needs at a low rate with great payment flexibility in taking funds when they’re needed, at the lowest monthly payment, paying only the interest that has accrued. You’ll have access to the revolving cash, borrowing funds when needed, while making the lowest possible monthly payment. Your monthly payment is calculated as the monthly interest expense on the loan.
Features & Benefits:
Terms:
  • 10-year draw period with monthly interest only payments, followed by a 15-year repayment (25-year total term)

  • Borrow up to $500,000

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Finish Line Mortgage

Want to pay off your home sooner than expected? Pay your mortgage down quicker by lowering your fixed mortgage rate. Refinance your mortgage with the Finish Line Mortgage to take advantage of flexible terms, competitive rates and NO closing costs! The Finish Line Mortgage could help you pay off your home in as little as 5 years!***
Features & Benefits:
  • Competitive fixed rate loan with flexible terms

  • No closing costs***

  • Quick and convenient refinance process

  • Take additional cash out at closing to help achieve additional financial goals

Terms:
  • Primary residence only

  • Terms up to 15 years

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Home Equity and HELOC Calculators

Home Equity Line of Credit Calculator

Loan & Credit Line Payment Calculator

Please visit our rates page for dividend rate disclosures.
See our fee schedule for any applicable fees.

*LTV = Loan-to-Value Rates, terms and loan-to-value (LTV) options vary based on applicant’s credit worthiness. Loan may not exceed 100% loan-to-value based on appraised value of residence. Inspire FCU is not responsible for any subordination fees charged by other lenders when refinancing. All applications subject to approval. The product is a fixed rate home equity loan or a variable rate home equity line of credit and is secured by your primary residence.

**APR = Annual Percentage Rate. Subject to credit approval. Rates quoted assume excellent borrower credit history. Your actual APR will be based on creditworthiness and income. Qualifying applicants will receive an introductory rate of 4.25% APR that will expire after 6 months and a new rate will adjust to a variable APR between 6.74% – 11% APR, but not to exceed 15% APR, depending on creditworthiness and Loan to Value. Maximum loan amount eligibility for intro rate is $250,000. Loans greater than $250,000 will be subject to regular rate, which is based on prime rate as published in the Wall Street Journal plus/minus a margin. Existing Inspire FCU Home Equity Loans are not eligible for the introductory rate of 4.25%. Introductory rate is available to new home equity loan borrowers only. $5,000 initial draw required for Introductory rate. APR. Certain restrictions may apply to introductory rate and not all borrowers will qualify. Home Equity Line of Credit is a Variable Rate product which is based on the highest Prime Rate as published in the Money Rates Section of The Wall Street Journal in effect on the first business day of December, March, June and September of each year. (“Index”) plus or minus the margin – The Index plus or minus the margin equals the Interest Rate. Changes in the index will cause changes in the Interest Rate on the first day of January, April, July and October of each year. Interest you pay may be tax deductible. An early closure fee may apply – see Credit Union fee schedule for details. Property insurance is required for real estate secured loans. Consult a tax advisor regarding the deductibility of interest. The minimum monthly payment is $50.

*** Minimum loan amount is $50,000. If the loan is under $50,000 a $400 application fee will apply. Must be a first lien on property. Maximum loan-to-value 75%. Maximum Loan Amount $250,000. If a borrower receives an APR (annual percentage rate) of 5.10%, the borrower will pay 60 monthly payments of $18.92 per $1,000 borrowed. Example payment does not include amounts for taxes or insurance premiums, actual payment may vary. Rates and terms are subject to creditworthiness and other factors. Primary Residence only.

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