HOME EQUITY
- Great for home improvements
- Loans up to $500,000
- Financing available in all 50 states
Fixed or adjustable-rate mortgage loans to fit your needs!
Get StartedHistorical Cost of Funds
Mortgage Checklist for Applicants
Tips for Buying a Home
Buying a home is a big deal. Whether it's your first home or your retirement home, this is one purchase that should never be taken lightly. Making wise choices now will pay off down the road.
We make the process easy.
Already own your home? It's time to put your equity to work! Your equity is determined by subtracting your mortgage balance from your home's appraised value. This can add up to a lot of cash. Make additions to your home, consolidate bills, pay college tuition, take a family vacation, or if you just want a safety net—the possibilities are endless.
Using your equity as collateral you can borrow at great low rates. We offer fixed and adjustable rate home equity loans or lines of credit and we'll lend up to $500,000.
Home Equity Loan
Get the money you need in a convenient, single payout for debt consolidation, home improvements, medical expenses or most any other purpose.
- Competitive fixed interest rates
- Affordable payment terms up to 20 years
- Borrow up to 95% of your home’s value*
- No prepayment penalties or annual fees
- Available on primary residences and second homes
Home Equity Line of Credit
Our variable rate option provides you with a revolving line of credit, giving you the flexibility to borrow what you need, when you need it.
- Affordable payment terms up to 20 years
- Borrow up to 95% of your home’s value*
- Reusable line of credit for home renovations or consolidate debt
- Finance major purchases such as vacations and weddings
- No prepayment penalties or annual fees
Choose Your Home Equity Loan Officer
You can call or email us to answer questions or get advice. We'll help you determine what's best for your situation. We're always just a call or email away!
Our Home Equity loan officers are based in our Corporate Office at 2701 Tower Oaks Boulevard, Rockville, MD 20852.
Peter Benjamin
SVP Mortgage Lending
NMLS #408105
Office: 240-292-5361
pbenjamin@lfcu.org
Jermaine Medley
Vice President – Mortgage Originations
NMLS #740025
Office: 240-747-2471
Cell: 240-620-7839
jmedley@lfcu.org
Alieu Jallow
Mortgage Loan Originator
NMLS #189814
Office: 240-292-5367
Cell: 202-568-0146
jallow@lfcu.org
Angelica Garcia
Mortgage Loan Originator
NMLS #1436145
Office: 240-292-5543
Cell: 202-568-0267
agarcia@lfcu.org
Se Habla Espanol
John Kaneshige
Mortgage Loan Originator
NMLS #431328
Office 240-292-5541
Cell: 202-308-8386
jkaneshige@lfcu.org
Patricia Ebbert
Mortgage Loan Originator
NMLS #453616
Office: 240-292-5366
Cell: 202-313-1776
pebbert@lfcu.org
*Minus first mortgage balance. Certain fees, conditions and restrictions may apply. Home Equity Lines of Credit and Home Equity Loans are secured by your home. If you're paying off an existing real estate loan, the Credit Union does not cover costs imposed by other lenders, if any. Rates and terms subject to change without notice. Loan approval subject to credit evaluation.
Knowledge is power. Be in the know for financial betterment.
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Lafayette Federal HomeAdvantage is a free member service that can help you buy, sell and save on your home.
Save $100s to $1,000s in Cash Rewards*
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We're rewarding YOU with our bigger, better, bolder 3.03% APY2 Relationship Checking Account!
Big banks can't compete.
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Dreaming of a new ride? Let us finance your next new, used, or fuel-efficient vehicle.
Rates as low as 2.375% APR*
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Routing #: 254074811
Maryland
Kensington, MD 20895
Potomac, MD 20854
Rockville, MD 20852
Virginia
Falls Church, VA 22042
Crystal City, VA 22202
McLean, VA 22101