When you need extra cash, consider one of your lowest-cost resources – the equity in your home.

At Advantage, you’ll never be charged an application fee. You’ll never face a “balloon” payment of several thousand dollars. You’ll never be charged an “annual fee” for your loan, and there are no closing costs* on a home equity loan or line of credit.

(Click title to view details.)
  • Home Equity Fixed Loan

    Fixed Rate

    Let the equity in your home work to your advantage.   A Fixed-Rate Home Equity Loan is probably the best choice to finance a large project or major remodel. With a closed-end loan, you’ll receive the entire loan amount at closing, and can choose from 5 to 15 years to pay it off. No closing costs.

    • Fixed repayment term and schedule.
    • Lower rate than most other types of loans.
    • Fixed monthly payment.
    • Choose from 5 to 15 years to repay.
    • Loans from $7,500

    15 Year Fixed Rate Home Equity rates for loans that are in the 1st Lien Position are available at a lower rate.  Please call for a quote.

    Loan Rates | Apply Now

    Home Equity Disclosures

  • Home Equity Line of Credit


    A Home Equity Line of Credit (HELOC)* gives you the flexibility to borrow funds as you need them. The line can be reused as it is paid down, without applying for a new loan. Using your line of credit is as easy as writing a check. With ten years of revolving credit, your funds are available anytime up to your limit, and there are no annual fees and no closing costs.   An Advantage Home Equity Line of Credit (HELOC) offers:

    • Low introductory rate of 1.25% APR*
    • Low standard rate, based on Prime
    • Easily accessible line
    • No need to reapply during draw period
    • Lines from $7,500

    Your Advantage Home Equity Line of Credit gives you low-cost funds to pay for:

    • Home Improvement.
    • Vehicle.
    • Debt Consolidation.
    • Vacation.
    • Educational Expenses.
    • And More!

    An Advantage HELOC offers:

    • 10 years of revolving credit to access anytime for any reason up to your limit
    • 15 years after that to repay.
    • Simply write checks from your HELOC
    • No closing costs.

    Loan Rates | Apply Now

    What you should know about Home Equity Lines of Credit

    *Home Equity Disclosures

Home Equity Calculator

Use this calculator to determine the home equity loan or line of credit amount you may qualify for. The loan or line of credit is based on a percentage of the value of your home. The more your home is worth, the larger the line of credit. Of course, the final line of credit you receive will take into account any outstanding mortgages you might have. This includes first mortgages, second mortgages and any other debt you have secured by your home.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.


The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. These data are available online at the Consumer Financial Protection Bureau’s Website (www.consumerfinance.gov/hmda). HMDA data for many other financial institutions are also available at this website.

Advantage Federal Credit Union
70 Metro Park
Rochester, NY 14623