Home Equity Loan Make yourself at home with fixed payments. Apply Now Home Equity Loan 101 With your home's appraised value as collateral, our home equity loan offers fixed interest rates and fixed payment amounts for up to a 20-year term. Plus, you can get every bit of your closing costs covered. Your key to living a little. For established homeowners with good credit, home equity loans are a safe, predictable way to live well now based on the equity you’ve built and earned to-date (good work on that, by the way). You can always make additional payments when the timing is right, and you’ll enjoy zero prepayment penalties for wrapping up your balance a little early. So go ahead: Make your day. Closed-End Home Equity Loan Rates Type Term APR* Closed End Home Equity Loan 5 Year Term 3.24% to 8.24% Closed End Home Equity Loan 10 Year Term 4.99% to 9.49% Closed End Home Equity Loan 15 Year Term 5.49% to 8.74% Closed End Home Equity Loan 20 Year Term 6.24% to 7.74% The Annual Percentage Rate (APR) you receive will be based on creditworthiness, loan to value amount, and loan term. Not all members will qualify for the best or lowest rate. Auto-pay Advantage: A discount of 0.25% will be deducted from the above stated annual percentage rates when the payment is received automatically from a Fortera draft account. This discount is only available on new loan transactions with an effective date on or after the date of this addendum. The annual percentage rate will default back to the normal rate in the event the payment status or draft account status changes. Loan Benefits Always in your pocket On the couch or on the go, keep your money close with our Mobile App and Online Banking. Learn More Where you go, we go Credit Unions around the world work together to make sure our members can use branches and ATMs everywhere — surcharge-free. Nice, right? Download our CO-OP app and plot your next getaway. Let's go! Goal setting made simple Our skilled experts are easy to reach and happy to help. For members and non-members alike, meetings and consultations are always free, so make the most of your money, on us. Schedule appointment Rest easy With us, your money is always protected and insured by the National Credit Union Administration. You’re covered on all deposits up to $250,000, so save away. Get by with a little help Or even a lot. Either way, we’re here. Call, text, or chat with our experts anytime you need a friend who knows all things Fortera. Need A Hand? More is merrier Extra payments on loans are accepted anytime. Get your closing costs covered To minimize your initial cash investment, consider our No Fees Mortgage Loan. For a slight increase in your monthly payment, we will pay all of your closing costs (does not include prepaid expenses, PMI or VA funding fee). This option can be combined with any of our fixed rate loan products. Take your time Stretch your fixed payments over a term that works for you — up to 20 years. Save yourself Choosing to make automatic payments could save you some cash, and so could the equity on your home. Free Applications Applying for a loan shouldn’t cost you anything. So with us, it doesn’t (high five). Get Started Enjoy predictable payments (and a little more spontaneity) when you apply for your home equity loan today. With no application fee, what are you waiting for? Open the door Member Resources Show me the quick links! These are the things we always seem to need and can never seem to find. Credit Life, Disability, and Unemployment Protection Send email + Submit a Payment Protection Claim Submit claim + Document Checklist for Home Equity Loan Applications Email us + Need a hand? That's what we are here for! Give us a call and let's chat face-to-face. Start video chat What is the difference between a Home Equity Loan and a Home Equity Line of Credit? + What would I use a Home Equity Loan for? + Can I make additional payments on a Home Equity Loan? + What documents do I need to apply for a Home Equity Loan? Call or Text Us + What kind of term lengths are available for a Home Equity Loan? + Is the Home Equity Loan a fixed-rate or adjustable rate loan? + Can I set up automatic transfers in Online Banking to pay for a Home Equity Loan? + You may also like... Go on Home Equity Line of Credit A loan designed to help you balance big expenses with a lot of flexibility. Sign me up Home Loan Whether you are buying or building, we can fund your adventure. Yes, please Homeowner Advantage Loan If you own your home but don’t have a ton of equity just yet, check out this option. What's New Community / Fortera Clarksville's Best 2021 Winner Read More Community / Fortera Spring Street Branch Closure Read More Read More Nitty, gritty, and super important. Fine print is your friend. When you have a minute, give these a good read: Member Service Agreement View PDF Privacy Policy View PDF Chat Our Rates Open Account Apply for Loan We're All In. About Us Community Fortera Foundation Careers Feedback CO-OP Shared Branching P.O. Box 30669, Clarksville, TN 37040 Phone: (931) 431-6800 Toll-Free: (800) 821-5891 Routing #: 264182120 Accessibility Disclosures NMLS Numbers Privacy Notice Online Privacy Statement Submit a Claim © Copyright 2021, Fortera Credit Union. All Rights Reserved. Federally insured by NCUA up to at least $250,000. Equal Housing Opportunity.