Fort Knox Federal's Home Equity Line of Credit (HELOC) offers 100% financing while other financial institutions limit access to available equity. In the example to the right, a home valued at $140,000 with a current mortgage of $70,000 could qualify for a $70,000 line of credit with Fort Knox Federal.
If you prefer, use our Home Equity Fixed Rate Loan to borrow a specific amount. Both options offer great rates and no closing cost. Use your Home Equity Loan for planned purchases or for unexpected emergencies.
Rates current as of
* APR-Annual Percentage Rate. Quoted APR is variable for qualified borrowers. The rate is indexed with margin to the prime rate and subject to change on a quarterly basis. Up to 100% financing is based on credit worthiness. $249 application fee waived for a limited time. Consult with your tax advisor about interest deductibility. Minimum advance of $250.00.
** 7 day turnaround when loan is processed using AVM (Automated Valuation Model) for valuation purposes and MLR (Mortgage Loan Report) for title purposes.
† In the event the real-estate loan is paid off and closed out within three (3) years of the closing date, the member shall reimburse the Credit Union for those closing cost associated with the loan. †† APR- Annual Percentage Rate. Quoted APR is for qualified borrowers. Must be within a 50 mile radius of any branch and within the state of Kentucky or selected counties in Indiana. Please contact us for eligible counties in Indiana.