Home Equity Loan & Line of Credit

What's your dream? A new pool? A bathroom makeover? College tuition? The wedding of her dreams? Infinity Federal Credit Union (FCU) can help with our Home Equity Line of Credit, (commonly known as a HELOC). A HELOC works like a credit card. You are able to borrow up to 95% of your home's value, use what you need when you need it, and make payments only on what you spend. As you pay off the principal, your credit revolves, and you can use it again without ever having to re-apply.

Variable Rate HELOC

Our Variable Rate HELOC offers low rates and flexible payment options:

  • 1% payment option based on the total balance with rates as low as 5.00%APR*
  • Interest only payment option with rates as low as 5.75% APR*
  • Options to borrow up to 95% of your home's value (LTV)**
  • No closing costs, if tax value supports the loan request.
  • Easy access to the funds. You can transfer available HELOC funds directly to your Infinity FCU checking account via Online or Mobile Banking and use your Debit Card to make purchases.
  • 10-year life of the credit line
  • Make payments only on what you spend
  • Interest may be tax deductible (consult your Tax Advisor)
  • Ready financing - apply now, so it is there when and if you need it

*Annual percentage rate as of 10/2/2018; rates and terms subject to change any time without notice. Variable rate based on Prime Rate plus a margin, and dependent on your equity and credit history. Rate will adjust quarterly based on Prime Rate in the month prior to the quarterly change date. Applicant must qualify for credit approval. Must be owner-occupied Maine dwelling with proof of insurance. Floor of 3.00%, Maximum 18%. Infinity FCU Membership required.

**Certain restrictions apply. To borrow 95% LTV, you must maintain a checking account with Infinity FCU, maintain direct deposit of net pay into your Infinity FCU checking account, maintain an Infinity FCU credit card, and maintain a first mortgage with Infinity FCU.

Fixed Rate HELOC

With our Fixed Rate HELOC, the rate is fixed for the life of the loan and your monthly payments are limited to only the interest.

  • Fixed Rates as low as 7.25%APR* for the life of your loan.
  • Options to borrow up to 95% of your home's value (LTV)**
  • No closing costs, if tax value supports the loan request.
  • Easy access to the funds. You can transfer available HELOC funds directly to your Infinity FCU checking account via Online or Mobile Banking and use your Debit Card to make purchases.
  • 5 Year draw with up to a 10 year re-payment period
  • Make payments only on what you spend
  • Interest may be tax deductible (consult your Tax Advisor)
  • Ready financing - apply now, so it is there when and if you need it

 *Annual percentage rate as of 10/2/2018; rates, terms and conditions subject to change any time without notice. Minimum loan amount $10,000. Loan is a 5 year draw, with up to a 10 year re-payment. The fixed rate is for the life of the loan and is based on your equity and credit history. Applicant must qualify for credit approval. Must be owner-occupied Maine dwelling with proof of insurance. Floor of 3.00%, Maximum 18%. Infinity FCU Membership required.

**Certain restrictions apply. To borrow 95% LTV, you must maintain a checking account with Infinity FCU, maintain direct deposit of net pay into your Infinity FCU checking account, maintain an Infinity FCU credit card, and maintain a first mortgage with Infinity FCU.

Home Equity Loan

Infinity Federal Credit Union (FCU) home equity loans allow you to use the equity you've built in your home to fund major expenses, like home improvements, medical bills, higher education, and more.

  • Options to borrow up to 95% of your home's value (LTV)**
  • Rates as low as 5.00%APR*
  • Terms from 5 to 20 years
  • In-house processing for quick decisions

*Annual percentage rate as of 10/2/2018; rates, terms and conditions subject to change any time without notice. Minimum loan amount $10,000. The fixed rate is for the life of the loan and is based on your equity and credit history. Applicant must qualify for credit approval. Must be owner-occupied Maine dwelling with proof of insurance. Floor of 3.00%, Maximum 18%. Infinity FCU Membership required. 

**Certain restrictions apply. To borrow 95% LTV, you must maintain a checking account with Infinity FCU, maintain direct deposit of net pay into your Infinity FCU checking account, maintain an Infinity FCU credit card, and maintain a first mortgage with Infinity FCU.