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Home Equity Loans

Use the equity in your home to make dreams come true!

Home Equity Fixed Rate Loan

With a home equity loan, you can finance home improvements, consolidate debt, pay for tuition — even use it to take a much needed vacation.

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).

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Apply for a Home Equity (fixed) Loan

 Or get in touch with us!

SAP3Ask 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.


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SAP2Visit any of our seven branches and a teammate will be happy to help you get started!

 

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As of November 15, 2017.
Loan TypeMaximum TermFixed Rate
APR*
Variable Rate
APR*
Home Equity Line of Credit Loan (Variable Rate)7 yr. draw period, 15 year repaymentas low as 4.25%*
Home Equity Loan (Fixed Rate)up to 180 monthsas low as 4.25%**

 

A Variable Rate Home Equity Line of Credit (HELOC)

Rates are determined by your credit history and the Loan to Value (LTV) ratio. We’ve simplified the process to use your HELOC. 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.

Talk to a friendly FFCCU teammate today to see if a Home Equity Loan is right for you, or apply online now.

Click to APPLY NOW:

Apply for a Home Equity (Variable) Loan

 

As of November 15, 2017.
Loan TypeMaximum TermFixed Rate
APR*
Variable Rate
APR*
Home Equity Line of Credit Loan (Variable Rate)7 yr. draw period, 15 year repaymentas low as 4.25%*
Home Equity Loan (Fixed Rate)up to 180 monthsas low as 4.25%**

 

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. 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. 

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