Skip to main content
Need Help Finding Your Solution?

Home Equity Products

Lines Of Credit

A home equity line of credit is a revolving line of credit, a lot like a credit card. Your line of credit has a maximum line amount that replenishes as you repay it, with a variable rate that offers the flexibility of ongoing access to available funds for up to 10 years. You can access funds by writing a check from your Home Equity account or use your Home Equity debit card. For more information check out the Third Federal Equity Guide.

Benefits of a Third Federal Equity Line:

  • Lower interest rate. Typlically .50 below other lenders
  • No closing costs, prepayment penalties or minimum draw requirements
  • 10 year draw period, 30 year total repayment period
  • Lower monthly payments, amortized up to 30 years
  • Deduct 100% interest from taxes1
  • Historically low rates based on Prime
  • Annual fee is waived the first year2
  • Borrow up to 80% of the equity in your home
  • Make additional payments at any time without penalty
  • Easy access to funds with checks and debit cards
Rates for August 23, 2016
Loudoun County, Virginia
All Mortgage Rates 0 Points
Product Rate APR
Home Equity Line of Credit
Line Balance: $10,000-$49,999
3.24% 3.24%
Home Equity Line of Credit
Line Balance: $50,000-$150,000
2.99% 2.99%
Now with our Lowest Rate Guarantee program, if you find a lower home equity line of credit rate, we’ll beat it or pay you $1,000.

Here’s how it works:
  • Find a lower rate than ours? We’ll beat it or pay you $1,000
  • Simply provide us with the other lender’s advertisement, webpage, email, rate sheet or other documentation of home equity loan rates
  • In most cases, you’ll have a rate decision the same day
Click here to view related disclosures

Loans

Home equity loans are available with fixed or adjustable rates³. Adjustable rates are typically lower than fixed rate loans. Loan funds are disbursed in one lump sum at origination. Additional draws can not be accessed after that.

Rates for August 23, 2016
Loudoun County, Virginia
All Mortgage Rates 0 Points
Product Rate APR
5/1 (30 Year) Adjustable Equity Loan
3.75% 3.59%
10 Year Home Equity Loan
4.65% 4.65%
5 Year Home Equity Loan
4.19% 4.19%

The Third Federal 5/1 Adjustable Home Equity Loan offers an interest rate that is typically lower than a fixed rate home equity loan. This lower rate saves the typical customer more than $2,000 over the first five years. After that, the interest rate adjusts to the Prime Rate + 0% once a year.

Benefits of a Third Federal 5/1 Adjustable Home Equity Loan:

  • Low rates; typically .50 lower than other lenders
  • Maximum 30-year term, which means you can have a lower monthly payment
  • Balanced monthly payments
  • No closing costs, prepayment penalties or annual fee
  • Deduct 100% interest from taxes
  • Borrow up to 80% of the equity in your home
  • Make additional payments at any time without penalty
Rates for August 23, 2016
Loudoun County, Virginia
All Mortgage Rates 0 Points
Product Rate APR
5/1 (30 Year) Adjustable Equity Loan
3.75% 3.59%

With a Third Federal 5 or 10-Year Fixed Home Equity Loan, funds are disbursed in one lump sum and your monthly payment doesn’t change during your term. This takes out the guesswork and gives you a consistent payment throughout the life of your loan.

Benefits of a 5- or 10-Year Fixed-Rate Loan:

  • Great fixed rate for life; typically .50 lower than other lenders
  • No closing costs, prepayment penalties, or annual fee
  • Consistent monthly payments
  • Deduct 100% interest from taxes
  • Borrow up to 80% of the equity in your home
  • Make additional payments at any time without penalty
Rates for August 23, 2016
Loudoun County, Virginia
All Mortgage Rates 0 Points
Product Rate APR
10 Year Home Equity Loan
4.65% 4.65%
5 Year Home Equity Loan
4.19% 4.19%
Now with our Lowest Rate Guarantee program, if you find a lower home equity loan rate, we’ll beat it or pay you $1,000.

Here’s how it works:
  • Find a lower rate than ours? We’ll beat it or pay you $1,000
  • Simply provide us with the other lender’s advertisement, webpage, email, rate sheet or other documentation of home equity line of credit rates.
  • In most cases, you’ll have a rate decision the same day
Click here to view related disclosures

 
Home Equity Loans available in OH, FL, KY, CA, PA, NJ, VA and NC.

For more important information about our home equity products and terms, or help in selecting which is right for you, call us at 1-800-844-7333.

Click here to view related disclosures.

Welcome to our new website.
You’ve found us in the same place,
but with a new look and new features
to better serve you.

So come on in, and take a look.

Attention Online Banking Users: The Online Banking link has moved
to the upper right corner of our new website.

If you have questions, please give us a call at 1-800-THIRD-FED.
Monday – Thursday 8:30 a.m. – 5:00 p.m. ET
Friday 8:30 a.m. – 6:00 p.m. ET
Saturday 8:30 a.m. – 1:30 p.m. ET