Library of Congress Federal Credit Union
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Welcome to the Library of Congress FCU

Home Equity Line Of Credit

Home Owner's Mortgage Express (HOME) is our economical and totally convenient option for funding large and recurring expenses like home improvements, education, investments, vacation or retirement homes, and other major expenses. Interest is generally tax deductible too (be sure to check with your tax consultant for advice about your specific situation). LCFCU members may apply today for a Home Equity Line Of Credit.

Three revolving HOME line-of-credit plans to choose from

    Up to 80% of value for limits exceeding $100,000    Prime minus TWO
    Up to 90% of value for limits up to $100,000           Prime minus TWO
    Up to 100% of value not to exceed $50,000            Prime minus TWO

The same competitive benefits apply to all HOME plans above.

  • No closing points
  • Interest-only payment options for as long as you need
  • Consumer-friendly variable rate tied to prime rate
  • Quick settlements in just a few days with personal LCFCU staff service
  • Convenient access to advances at more than 1,000 branches nationwide
  • Convenient check, phone or teller advances
  • Convenient advance transfers to checking so you can write yourself a loan
  • No large balloon payments at the end with stable monthly principal and interest payments
  • FREE 25-Pak of high-quality personalized LCFCU designer checks
  • 10-year draw period with up to 15-year repayment period at expiration of the draw
  • Total real estate indebtedness to $550,000
  • Simple interest financing with no prepayment penalties
  • Line-of-credit loans available on properties in DC, MD, VA, NJ, PA, DE and WV
  • Closing costs will be repaid to LCFCU only if a HOME equity line of credit loan balance goes below $10,000 within 24 months of initial disbursement.

Come HOME to LCFCU now for long-term financial value!







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