Home Equity Loans and Lines of Credit with Milestones
Flexible access to your home’s value, without extra fees
A Home Equity Line of Credit from Milestones Federal Credit Union gives you a practical way to use the equity in your home when you need it. With no closing costs and a competitive variable rate currently at 6.75% APR, it’s designed to be clear, flexible, and easy to understand.
Whether you’re planning a home project, managing a larger expense, or consolidating higher-rate debt, a HELOC gives you access to funds on your timeline. You borrow what you need, when you need it, and only pay interest on the amount you use.
How a HELOC Works
A Home Equity Line of Credit is a revolving line of credit secured by your home. Once approved, you can draw from it as needed, repay it over time, and reuse available funds during the draw period. Interest is charged only on the balance you use, not the full credit line.
For many members, it’s a flexible option that avoids the need to reapply for a new loan every time an expense comes up.
Why Borrow with Milestones Federal Credit Union?
Milestones is a member-owned, local credit union serving Androscoggin and Cumberland Counties. Our lending decisions are made here, by people who understand the community and take the time to explain your options.
We focus on clear terms, fewer fees, and support that feels personal, not rushed.
Milestones offers two convenient ways to access the equity in your home.1
- Fixed Equity Loan: Borrow up to 90% of your home’s value while enjoying the security of fixed rates.
- Line of Credit: Access this variable-rate revolving credit line anytime and for any amount up to your authorized spending limit.
Both options feature low closing costs, no prepayment penalties, and interest may be tax deductible.2
Milestones does not charge any additional fees – there are no fees closing, application, appraisal, no annual fees, no transfer or advance fees, no debt consolidation fees, and no inactivity fees. This year, make NO a good thing!
Start Your Application Here! Apply Now
Or contact us today for a full application and disclosure materials! 207-783-3991
1Home equity loan products are only available on primary residences in the state of Maine.
2Consult your tax advisor regarding the deductibility of interest.
Home Equity Line of Credit is subject to credit approval and standard underwriting requirements. Rate is variable and may change over time. Current rate is 6.75% APR as of 12/16/2025. APR = Annual Percentage Rate. Offer applies to new HELOCs or increases to existing HELOC credit lines. Offer available for a limited time and may be ended at any time without notice. Insured by NCUA. Equal housing lender.