Home Equity Loans

Use your home equity loan for anything!

Lock in your rate now before it increases!

If you have a project you want to get started, now is the time to do it! Tap into the equity in your home with a Fixed Rate Home Equity Loan before the rates climb. Get your home improvement project, debt consolidation, auto purchase, or anything else funded with a locked in rate now! We’ll waive up to $500 in closing costs!* Check our current rates.

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Use our calculator to estimate your payment:

Home Equity Loan: Fixed Rate or Line of Credit?

Home Equity Fixed Rate Loan	Variable Rate Home Equity Line of Credit (HELOC)
With a home equity loan, you can finance home improvements, buy a car, consolidate debt, pay for tuition — even use it to take a much needed vacation. It's entirely up to you what you do with the money! - We waive up to $500 in closing costs when you borrow $10,000 or more. - Interest may be tax deductible.* There are NO prepayment penalties (provided that you do not close out your loan within one year of start date) and the interest may be tax deductible! (Consult a tax professional for details). Check our current rates. Use our calculator to estimate your payment:	A HELOC is a line of credit using the equity in your home as collateral. You make withdrawals, or pay for things with the line of credit and the rates are determined by your credit history and the Loan to Value (LTV) ratio. To take an advance, you’ll simply use the checkbook provided so that you can pay for purchases on the spot when you need to. That's how simple it is to take an advance on the loan! - We waive up to $500 in closing costs when you advance $10,000 or more. - You can borrow up to 90% (up to $250,000) of your home’s equity. - Minimum payments are as low as $100 per month. - There is a seven-year draw period with a 15-year repayment. $10,000 initial advance, and as low as $500 for subsequent advances. Check our current rates.
Click to APPLY NOW:	Click to APPLY NOW:

Home Equity Fixed Rate Loan

Variable Rate Home Equity Line of Credit (HELOC)

With a home equity loan, you can finance home improvements, buy a car, consolidate debt, pay for tuition — even use it to take a much needed vacation. It's entirely up to you what you do with the money!

- We waive up to $500 in closing costs when you borrow $10,000 or more.

- Interest may be tax deductible.*

There are NO prepayment penalties (provided that you do not close out your loan within one year of start date) and the interest may be tax deductible! (Consult a tax professional for details).

Check our current rates.

Use our calculator to estimate your payment:

A HELOC is a line of credit using the equity in your home as collateral. You make withdrawals, or pay for things with the line of credit and the rates are determined by your credit history and the Loan to Value (LTV) ratio. To take an advance, you’ll simply use the checkbook provided so that you can pay for purchases on the spot when you need to. That's how simple it is to take an advance on the loan!

- We waive up to $500 in closing costs when you advance $10,000 or more.

- You can borrow up to 90% (up to $250,000) of your home’s equity.

- Minimum payments are as low as $100 per month.

- There is a seven-year draw period with a 15-year repayment. $10,000 initial advance, and as low as $500 for subsequent advances.

Check our current rates.

Click to APPLY NOW:

Click to APPLY NOW:

Or get in touch with us!

Ask our Member Contact Center by calling 216.621.4644 or chat with them on line by clicking the red “Live Chat” button on this page.

Visit any of our seven branches and a teammate will be happy to help you get started!

Home Equity Loans

As of June 15, 2019.

Loan Type	Maximum Term	Fixed Rate APR*	Variable Rate APR*
Home Equity Line of Credit Loan (Variable Rate)	7 yr. draw period, 15 year repayment		as low as 5.50%*
Home Equity Loan (Fixed Rate)	up to 180 months	as low as 3.90%*

Still not sure? Use this calculator to estimate how affordable a Home Equity Loan can be:

*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. If you borrow $10,000 or more, FFCCU may cover up to $500 in closing costs. Repayment terms are 60 to 180 months. Call 800-621-4644 for current rates as they are subject to change at any time and without notice. Click here to view full rate disclosures and policies.