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!*

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

KUDOS!

Our Rates

As of August 21, 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 5.97%*