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home / home equity / products & rates

Home Equity Line of Credit

A home equity line of credit is a revolving line of credit that offers flexibility to access available funds for a set term.  With rates near an all-time low, a Third Federal Home Equity Line is a great option if you are looking to make a home improvement, purchase a car, pay for college tuition or consolidate high-interest debt. You can use your home equity line for whatever you need, whenever you need it!

With a Third Federal Home Equity Line of Credit, you begin paying back the principal right from the start. This enables you to build equity faster and gives you a consistent monthly payment throughout the life of your loan. The best part is that there are no large payment increases at the end of the draw period.

NEW! We now offer our home equity line of credit in 22 states: CA, CO, CT, DC, FL, GA, IL, IN, KY, MA, MD, MO, NH, NJ, NY, NC, OH, OR, PA, TN, VA, and WA. For more information call 1-800-THIRD-FED or apply online

For current rates, visit our home page.

Benefits of a Third Federal equity line:
  • Pay less interest.  Average savings of $8,0001
  • No closing costs, prepayment penalties or minimum
    draw requirements
  • Up to 10 year draw period2
  • Balanced monthly payments
  • Deduct 100% interest from taxes3
  • Historically low rates
  • Build equity faster
  • Annual fee is waived the first year4
  • Competitive variable interest rates on all line amounts
  • Borrow up to 80% of the equity in your home
  • Available line amounts from $10,000 to $150,000
  • Make additional payments at any time without penalty
  • Easy access to funds