Routing #: 241075726

Home Equity Loans

It’s good to have options

Home equity loans are a great low-rate options 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 will help you save by paying up to $500 in 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!

 *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. 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. Click here to view rate disclosures and policies. 

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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