Home Equity Loans

It's Good to Have Options

Get a home equity loan or line of credit, the choice is yours. Home equity loans are a great low-rate option when you want to tackle big home improvements, consolidate debt, or pay for college. And, depending on what you use the funds for, the interest may even be tax deductible!* Plus, FFCCU may cover up to $800 in closing costs!*

See Our Rates
Estimate Your Payment

Home Equity Loans: What Should You Choose?

Home Equity Fixed-Rate Loan

WHAT IS IT?
A lump-sum loan at a fixed interest rate that you’ll pay back, in equal installments, over time.

INFO TO KNOW:
Terms up to 15 years, with fixed rates
NO prepayment penalties (after one year)*
Your interest may be tax deductible.* (check with your tax advisor)

BONUS!
We'll cover up to $500 in closing costs when you borrow a minimum of $10,000, and up to $800 in closing costs when you borrow $50,000 or more!

APPLY FOR A HOME EQUITY LOAN

Home Equity Line of Credit (HELOC)

WHAT IS IT?
A line of credit that uses the equity in your home as collateral. Use your line during the draw period, while paying a monthly balance throughout the life of the loan.

INFO TO KNOW:
7-year draw period with a 15-year repayment.
$10,000 initial advance, and as low as $500 for subsequent advances

BONUS!
We'll cover up to $500 in closing costs when you borrow a minimum of $10,000, and up to $800 in closing costs when you borrow $50,000 or more!

APPLY FOR A HELOC

Estimate Your Loan Payment Now

Estimate Your Monthly Payments with Our Home Equity Loan Calculator

Want to know if you’re eligible for a home equity loan — and how much you might be able to borrow? Just input how much you want to borrow from your home’s equity and your credit score, and we’ll estimate how much your loan monthly payment will be based on various loan terms and interest rates.

HOME EQUITY LOAN CALCULATOR
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Estimate Your Monthly Payments with Our Home Equity Loan Calculator

Want to know if you’re eligible for a home equity loan — and how much you might be able to borrow? Just input how much you want to borrow from your home’s equity and your credit score, and we’ll estimate how much your loan monthly payment will be based on various loan terms and interest rates.

Your Estimated Monthly Payment
Use the calculator and click the “Show Estimate” button to see your results.
Loan Amount
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Loan Duration
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For illustrative purposes only. Rates and terms may vary based on individual credit history and CU loan policy.

Get started with your new home equity loan application

By filling out this form, I agree to be contacted by FFCCU, and I agree to the following terms and conditions.

KUDOS!

Beth Meyer is priceless. I can’t imagine things going any smoother. She stayed in touch at every step and moved everything along with ease.

-Ryan R.

I work with banks and credit unions on a daily basis, and FFCCU goes above and beyond to help its members. Thank you all for making the process easy to understand and treating me like a person.

-Jennifer

The loan process was quick and easy. One of the FFCCU teammates told me about loan options when I was at the branch – by the time I was home 10 minutes later – they had already checked in.

-John S.

I was connected to this credit union through my employer back in 1989. I don’t know where to begin on how life changing my membership has been. The entire staff is wonderful regardless of branch...

-Drew M.

I had the pleasure of working with Tiffany Zifcak as I was selling one of my cars being financed by FFCCU. She stayed on top of all the details and parties involved. Tiffany is terrific: likable, trus...

-John G.

Just joined the FFCCU when I refinanced my car loan. I couldn’t be happier with the service Jenny Stanfield and Ginny Hainen provided! I did almost everything online. Easy, convenient, and they saved...

-Maria K.

Jenny and Victoria from the Wellington branch were super helpful with getting things going for me, and gave me peace of mind. So grateful for their help!

-Austin L.

I did not have my loan information and needed to know how, when, and where to make a payment. I was completely frazzled but Megan S. was able to talk me through setting up my user account,  payments,...

-Donna G.

Beth and Kathy were excellent to work with. They answered every question I had and every phone call I made. I loved those two.

-Alan S.

Big kudos to the West Side CLE branch. I secured my new car loan with a rate better than what the dealer was offering. FFCCU has always been my go-to for car loans for this very reason!

-Bridget E.

The live chat team always does an outstanding job handling my frequent use of online messaging. I’m hearing impaired and prefer messaging to phone calls. They handle all my issues quickly and thorough...

-Denny J.

Whenever I have questions and start a chat I always receive a quick response with all my questions thoroughly answered. Just wanted to say THANK YOU!

-Jerry T.

Beth Meyer is priceless. I can’t imagine things going any smoother. She stayed in touch at every step and moved everything along with ease.

-Ryan R.

I work with banks and credit unions on a daily basis, and FFCCU goes above and beyond to help its members. Thank you all for making the process easy to understand and treating me like a person.

-Jennifer

The loan process was quick and easy. One of the FFCCU teammates told me about loan options when I was at the branch – by the time I was home 10 minutes later – they had already checked in.

-John S.

I was connected to this credit union through my employer back in 1989. I don’t know where to begin on how life changing my membership has been. The entire staff is wonderful regardless of branch...

-Drew M.

I had the pleasure of working with Tiffany Zifcak as I was selling one of my cars being financed by FFCCU. She stayed on top of all the details and parties involved. Tiffany is terrific: likable, trus...

-John G.

Just joined the FFCCU when I refinanced my car loan. I couldn’t be happier with the service Jenny Stanfield and Ginny Hainen provided! I did almost everything online. Easy, convenient, and they saved...

-Maria K.

More Kudos!

Our Rates

As of June 7, 2025
Loan TypeFixed Rate
APR*		Variable Rate
APR*
Home Equity Line of Credit Loan
Variable Rate, 7 yr. draw period, 15 year repayment
as low as 7.50%**
Home Equity Loan (Fixed Rate) as low as 5.99%*
*Promotional Annual Percentage Rate (APR) shown is accurate as of 5.1.25 and is available to well-qualified borrowers for a term up to 60 months and a loan-to-value (LTV) ratio of 80% or less. Offer is only valid for new, fixed rate home equity loan applications submitted between 5.1.25 – 7.31.25, that are approved and opened within 60 days of the application date. Rate is determined by credit history, the term of the loan, and the Loan to Value (LTV) ratio. Fixed rate home equity loan rate is determined by the Prime Lending Rate as its index plus a margin, credit history and the number of years loan is financed. If you borrow $10,000 - $49,999, FFCCU may cover up to $500 in closing costs. If you borrow $50,000 or more, FFCCU may cover up to $800 in closing costs. Borrowers who incur closing costs, such as appraisal, title search, and flood search, during the application process, but whose loan does not close for any reason, including but not limited to, borrower electing to withdraw application, or if the results from the appraisal, title search, or flood search render the application ineligible for approval, are responsible for all closing fees incurred. Home equity loan repayment terms are 60 to 180 months. For example: A $50,000 home equity loan for a term of 60 months with a 5.99% APR, payment would be $966.41 monthly. Maximum APR for Home HELOC is 18%. Call 216-621-4644 for current rates as they are subject to change at any time and without notice. Applicants must be eligible for membership and become a member if loan is approved. Accounts are insured up to $250,000.00 by American Share Insurance. This institution is not federally insured by member choice. MEMBERS’ ACCOUNTS ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENT OR GOVERNMENT-SPONSORED AGENCY.