Home Equity Loans

The Best Option for a Home Equity Loan

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.

Home Equity Loans

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:

Financing a wedding
Purchasing a new car
Paying for college
Making home improvements
Paying off higher rate debts

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.

Looking to Make Home Improvements?

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.

Our Home Improvement Loan Offerings

	Secured	Unsecured
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.

Home Equity Loans

The Best Option for a Home Equity Loan

Home Equity Loans

Looking to Make Home Improvements?

Our Home Improvement Loan Offerings

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