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Years of timely mortgage payments have done more than give you a roof over your head — they’ve also given you the chance to use your home’s equity as collateral for flexible financing! Fund whatever you need, from home remodels to debt consolidation — at affordable rates.

Expect repayment terms that work for your lifestyle and friendly service from local people you can trust. Go ahead — get that home working for you!

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  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!
  • Variable and fixed rate options available
  • Low closing costs
  • Generous credit lines based on your home’s value
  • Accommodating repayment terms that work uniquely for you
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit — as principal is repaid, more becomes available for use
    • 5-year draw period
  • Funds easily available via in-person, online banking, or phone transfers to a specified Northern Skies FCU checking account 
  • The interest paid might be tax deductible*
  • Set up automatic payments to be deducted from your account monthly
  • Local decision-making and processing right here in Anchorage
  • Attentive, friendly service from start to finish

Borrow up to $20,000.00 without any equity in your residence. Closing costs are minimal and since this is a revolving credit line, it can be used over and over again for up to five years.


  • Access funds easily
  • Low closing costs
  • Use it as you need it
  • 5-year draw period
  • Competitive variable interest that's only charged on what you use
  • Interest payments may be tax deductible*
  • Pay it off and use it again
  • No need to re-apply


*Consult a tax advisor.

A member must be 18 years of age or more to be granted a loan.

Northern Skies is an Equal Housing Lender.

Dreams really can come true