Home Equity Line of Credit

Relax. Use your equity.

A Home Equity Line of Credit is a smart, flexible and affordable way to use your home's equity.

  • Perfect for recurring expenses such as education, medical expenses and home improvements.
  • Competitive interest rates.
  • No closing costs.
  • Money can be used when you need it up to your approved credit limit.
  • Convenient access to your money through Checking AccountFounders Online, Call 24 and Equity Line Checks.
  • Payments can be made with Payroll Deduction, Founders Online, Call 24, in person at any Founders Office or by mail.



For a limited time

Apply for a Founders Home Equity Line of Credit and you could win $10,000*! With rates as low as 3.50% APR1 and no closing costs, now is the time to secure your Founders Home Equity Line of Credit!

Click here for official rules.

*No purchase necessary. Must be 18 years of age or older. Automatic entries: All Founders Federal Credit Union ("Credit Union") Members in good standing who apply and are approved for a Home Equity Line of Credit (HELOC) during the period beginning April 1, 2016, and ending June 30, 2016 with a loan closing date no later than August 31, 2016. Promotion period: All eligible automatic and manual entries, as provided in the Official Rules, received between April 1, 2016 and June 30, 2016. By submitting any entry you agree to be bound by the Official Rules. Contact the Credit Union at 800-845-1614, or write us at Founders Federal Credit Union, Home Equity Extravaganza Promotion, 737 Plantation Road, Lancaster, SC 29720; or visit our website at: foundersfcu.com to obtain complete copy of the official contest rules for this promotion. Entry in this promotion or acceptance of any prize constitutes acceptance of the Official Contest Rules.
1 Home Equity rates based on the prime rate which is the highest prime rate published in the “Money Rates Table” of the Wall Street Journal. Prime is a variable rate; as it changes, the APR on your account will also change. The APR will be based on the prime rate plus a margin of up to 6.00%. The maximum APR that can apply is 18.00%. Credit is subject to approval and your APR may vary based on evaluation of credit. A home equity line of credit is secured by a first or second mortgage lien on your primary home, which must be a one-to-four family residential real estate. This type of credit is not available for single-wide mobile homes or cooperatives. The minimum line of credit amount is $10,000.00. Flood and/or property hazard insurance may be required. Other restrictions may apply. The present APR of 3.50% is current as of 4/1/2016 and is the credit union’s best rate. All Credit Union loan programs, rates, terms and conditions are subject to change at any time without notice.

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