Homeowner Advantage Loan

Get settled, no equity needed.

Homeowner Advantage Loan 101

If you own your home but don’t have a ton of equity just yet, you can still borrow the money you need with a Homeowner Advantage loan — no collateral required.

Nest or fly the coop.
As long as you have a good, solid credit history and a home in your name, you can make the most of our Homeowner Advantage Loan. Fund those big home repairs and upgrades, or maybe a scenic escape is what you need. Whether it’s for a vacation or renovation, how you spend the money is up to you. Borrow as much as $40,000 or as little as $5,000 and set your payment term for any length of time, up to 10 years.

Homeowners Advantage Loan Rates

Type Term APR*
Homeowners Advantage Loan
up to 120 months
10.49 to 16.49%

*APR = Annual Percentage Rate. The APR you receive for advances will be within the range disclosed above and is based on the member's credit history. Not all members will qualify for the best or lowest rate and the credit union will evaluate your credit history at the time of every advance. No Equity Required. All loans are subject to approval. Rates, terms, and conditions are subject to change.

Loan Benefits

Always in your pocket

On the couch or on the go, keep your money close with our Mobile App and Online Banking.

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.

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.

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.

More is merrier

Extra payments on loans are accepted anytime.

Free yourself

From loan origination fees. This loan has none.

Get Started

Make the most of where you’re living. Apply for your Homeowner Advantage loan today. With no application fee, what are you waiting for?

Member Resources

Show me the quick links! These are the things we always seem to need and can never seem to find.

Member's Choice Borrower Security

Your safeguard against the unexpected.

Ensure that you and your loved ones are financially secure even if unplanned accidents happen. Add MEMBER'S CHOICE payment protection on your loan. The protection steps in when your family needs help making your loan payment should you become disabled due to a covered illness or injury, Involuntary unemployment, or pass away before paying off your loan.

Sorry to bring the mood down, but we've got to talk safety first. If you have a question or would like to add MEMBER'S CHOICE to your loan, email us and we will be happy to help.

Submit a Payment Protection Claim

Need to submit a claim? No problem, we've got you covered. You can submit a claim at myclaim.cunamutual.com. If you have any questions, please text us at 931.431.6800 or email us at info@forteracu.com and we will be happy to help.

Additional Insurance Coverage With TruStage

As a Fortera Credit Union member, you have access to additional insurance protection through our partner, TruStage. They provide Life, Auto, Home, and Accidental Death Coverage. You can get up to $1,000 of Accidental Death coverage for free by visiting trustage.com and claiming your offer.

If you have questions for our team about TruStage insurance, please text us at 931.431.6800 or email us at info@forteracu.com.

Need a hand?

We've got you covered. Give us a call and let's talk face-to-face.

What is a Homeowner Advantage Loan?

This is a loan designed for members who own their home, but don’t have a ton of equity just yet. It allows members with great borrowing history to access the money they need with no collateral required.

Can I make additional payments on a Homeowner Advantage Loan?

Yes! You can make additional payments on this loan.

How much money can I borrow using a Homeowner Advantage Loan?

With the Homeowner Advantage Loan, you can borrow as little as $5,000 and as much as $40,000.

Can I set up automatic transfers in Online Banking to pay for my Homeowner Advantage Loan?

Yep! You can make payments toward this loan from Online Banking and you can make payments from a different bank account using our Make A Payment feature.

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What's New

Nitty, gritty, and super important.

Fine print is your friend. When you have a minute, give these a good read:
Member Service Agreement
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Rate and Fee Disclosure
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