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Rates current as of January 1, 2022
Fixed term and fixed rate
With a home equity loan you can count on a fixed term and a fixed interest rate because you receive the entire loan amount at one time and then pay it back is equal monthly payments.
Put the equity in your home to work for you to finance home improvements, consolidate bills or even college. details.
- Competitive, fixed rate
- Loan terms of 2-15 years
- Up to 75% loan-to-value
- Lump sum disbursement
How to get started
Give us a call, stop by any branch or apply online today.
Current Rates
Home Equity Loans
| Loan-to-Value | APR* | Min. Amount | Term |
|---|---|---|---|
| 75% | 4.75% | $10,000 | 2-15 yrs. |
Fixed Rate Home Equity Loans. Must be primary residence. Property insurance required. The minimum approved loan amount is $10,000.00. The maximum approved loan amount is $300,000.00. APRs range from 4.50% - 18.00% and will be fixed during the term. Payments do not include applicable taxes and insurance. Actual obligation will be greater. Payment example would be $XXX.XX a month on a $xxx,xxx loan for x years with an APR of X.XX%.
Secure and Fair Enforcement for Mortgage Lending Act of 2008 or the "SAFE Act"
APR is Annual Percentage Rate (APR). Quoted rates reflect the lowest rate available. Best Rate may vary based on personal credit history, value of collateral, loan to value (LTV), terms, and other factors. First Credit Union provides details upon completion of a loan application. Rates are subject to change without notice. Must be primary residence. Property insurance required. Payments do not include applicable taxes and insurance. First Credit Union membership is required. Closing costs – Closing costs include property evaluation, flood certification, property ownership and encumbrances search, and recording costs. First Credit Union will pay closing costs associated with a home equity loan. Member is responsible to reimburse closing costs associated with their loan if it is closed within the first 36 months.
NMLS# 790286 | On July 28, 2010 the National Credit Union Association (NCUA) and other Federal Agencies published a final rule to implement the federal registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). The registration requirements apply to all employees acting in the capacity of a Mortgage Loan Originator (MLO). The S.A.F.E. Act requires all MLO's to register with the Nationwide Mortgage Licensing System and Registry (NMLS). Once registered, each MLO is provided a Unique Identifier from the NMLS. An MLO must provide this Unique Identifier to each mortgage loan applicant upon request and prior to the employee acting as an MLO.
For more information about the registry, please visit the NMLS.
