Certificates of Deposit are currently not appearing in Home Banking and our Mobile App. Our vendor is aware of this and is working to fix the issue. We apologize for any inconvenience this may cause.
Hours Changes: Beginning the week of Jan. 4, 2021, the Penfield Branch and the Call Center will be closing at 5:00 pm on Fridays and the Henrietta Branch will be closed on Saturdays.
Attention: Online banking may be temporarily unavailable on Dec. 4th, 2020 due to scheduled maintenance. We apologize for any inconvenience.
For immediate assistance, please call or text us at 585.586.8225
Let your home’s equity work for you. Our home equity loan allows you to take a second mortgage out on your home and use the funds for almost any purpose. Your home equity loan can be for an amount up to 90% of your home’s equity depending on the type, with terms of up to 20 years.
Whichever Home Equity Loan product you choose, there are some powerful benefits. Home Equity Loans can be used as a long-term loan or short-term loan and for any purpose, including:
Home equity loans are one of the lowest cost resources you have as a homeowner. Talk to Family First today about how a Home Equity Loan can benefit you.
Making improvements to your home is always a good investment.
Not only does it increase the value of your home, but it makes your home look and feel better. These loans are available for the purpose of making permanent improvements to the interior or exterior of your home. They can be unsecured or secured with real property at a fixed rate and are a great option when property equity is limited. Loan decisions are usually made within 24 hours.
|Minimum Loan Amount||$5,000||$5,000|
|Maximum Loan Amount||90% of your home’s value*, plus 50% of the improvement costs, less the current first mortgage balance||Maximum total unsecured credit amount with FFFCU is $300,000**|
|Term||Up to 10 years||Up to 5 years|
*The home’s value is determined by making an on-line assessment. Alternatively, the member can pay for an appraisal to determine the home’s value after improvements are completed.
**Exceptions may be granted by the Loan Officer in cases where it is in the best interest of the member and the Credit Union to make the loan; helping the member to make required repairs to the home.