FourLeaf Federal Credit Union: 2026 Home Equity Review

Affordability: 5 stars

• APR: FourLeaf’s rates are competitive, especially its introductory rates, which can be as much as 2 percentage points lower than the national average. To qualify for the low introductory rates, you must meet credit and loan requirements, draw at least $25,000 and maintain that balance for at least one year, and set up automatic payments from a FourLeaf checking or savings account.
• Fees: FourLeaf doesn’t charge HELOC closing costs, application fees, origination fees or rate conversion fees: It covers these for you. However, if you close your HELOC within three years, you’ll have to repay the closing costs for the first $500,000. (These costs can run anywhere from $500 to $15,000, according to FourLeaf.)

FourLeaf earns a perfect 5 out of 5 for affordability because of its competitive APR and lack of fees and closing costs. 

Availability: 4.7 stars

• Credit score: FourLeaf’s minimum credit score requirement is 670, pretty typical for home equity products.
• Loan minimum: $10,000 minimum line of credit, which is low. The credit union doesn’t require a minimum draw on its HELOCs, giving you more flexibility than you’d get with many other lenders. However, to qualify for the introductory rate, you need to take out at least $25,000. 
• Loan products: FourLeaf doesn’t offer a home equity loan, just a HELOC. But you have the option of converting some or all of your variable-rate HELOC to a fixed-rate loan at no additional cost.
• Where to find: HELOCs are available in every state, except Texas. 
• Credit union membership: To qualify for a HELOC, you must become a FourLeaf member, but all it takes is opening a savings account with a minimum of $5. 

FourLeaf earns a 4.7 out of 5 for availability because of its footprint in nearly all states, as well as its flexibility in allowing you to convert HELOC balances to fixed rates. 

Borrower experience: 4.5 stars

• Rate transparency: FourLeaf advertises its introductory and minimum lifetime variable APR prominently on its website, unlike many lenders.
• Convenience: According to the lender's website, it takes an average of six to 10 weeks to close on a HELOC with FourLeaf, which is longer than some other lenders.
• Customer service: FourLeaf offers various contact methods, including email, phone and video appointments. You can request a call from a loan officer online or call 800-628-7070. Representatives are available Monday through Friday from 7:30 a.m. to 7 p.m. ET and Saturday from 10 a.m. to 8 p.m. ET. But if you want an in-person meeting, you have to visit a branch in New York or New Jersey.

FourLeaf's scores a 4.5 out of 5 for borrower experience because of its relatively long funding period (especially compared to online lenders) and its limited in-person support. 

FourLeaf gets an A+ rating from the Better Business Bureau and has been accredited since 2024. Trustpilot gives FourLeaf 4 stars and a “great” rating based on just over 185 reviews at the time of this writing.