Routing #: 241075726

Home Equity Loans

Home Equity Loans

It’s good to have options!

Sometimes you need a low interest rate, sometimes you need flexible payment terms, or maybe you need cash up front. We offer both home equity loans and lines of credit, so you can choose the loan features that are most important to you. With low interest rates*, and terms up to 15 years, you’ll have the funds and flexibility to meet your needs. Plus, for a limited time FFCCU is covering closing costs!*

Check our current rates.

Home equity loans: which should you choose?

Home Equity Fixed Rate LoanHome Equity Line of Credit (HELOC)
A lump-sum loan at a fixed interest rate that you’ll pay back, in equal installments, over time.

Terms up to 15 years, fixed rates as low as 3.63% APR*
NO prepayment penalties (after one year)*
Your interest may be tax deductible.* (check with your tax advisor)

We’ll cover up to $500 in closing costs when you borrow $10,000 or more!

Use our calculator to estimate your payment:
Use our calculator
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.

7-year draw period with a 15-year repayment
$10,000 initial advance, and as low as $500 for subsequent advances
Variable rate, starting as low as 3.25% APR*
Minimum payments are as low as $100 per month.

We’ll cover up to $500 in closing costs when you borrow $10,000 or more!
Apply for a Home Equity (fixed) LoanApply for a Home Equity Line of Credit

Still not sure? Contact us today!


How much will it cost you to borrow?

Estimate your loan payment now!

*Closing cost offer valid on loan applications submitted 7/1/2021-8/31/2021 only. Only minimum FFCCU-required closing costs will be covered. Member may elect to pay additional, optional closing fees out of pocket at their discretion, including but not limited to, a rush order on an appraisal. Offer only valid on loans that are funded. 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. APR = Annual Percentage Rate. Variable Rate Home Equity Line of Credit (LOC) can reprice monthly and uses Prime Lending Rate as its index plus a margin. Your Rate is determined by your credit history and the Loan to Value (LTV) ratio. Rate floor is 2.00%APR and ceiling is 18.00%APR. 7-year draw period with a 15-year repayment. $10,000 initial advance, $500 minimum subsequent advances. Borrow up to 80% or 90% of home’s equity (appraised value times 80% or 90% less any existing liens), up to $250,000. 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. Ask your tax representative if your interest may be tax deductible based on what you use the loan for. Repayment terms are 60 to 180 months. For example: “For a $50,000 home equity loan for a term of 180 months with a 3.25% APR, payment would be $351.50 monthly. 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.

Your savings insured up to $250,000 per account. Not Federally insured.

Firefighters Community Credit Union (FFCCU) is committed to providing a website that is accessible to the widest possible audience in accordance with ADA standards and guidelines. We are actively working to increase accessibility and usability of our website to everyone. If you are using a screen reader or other auxiliary aid and are having problems using this website, please contact us at 216.621.4644. All products and services available on this website are available at all FFCCU branches.

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