Disclosure: Membership eligibility required. All loans are subject to credit approval and application. Must be 18 years of age or older to apply. Family First’s loan programs, rates, terms, and conditions are subject to change without notice.  APR is Annual Percentage Rate and applicable only to home equity loans meeting certain requirements. 

The mortgaged property must be a 1-4 family dwelling located in New York State and occupied by an owner who is a member of Family First.

Closing costs (when applicable) include a title search, mortgage tax, filing fees, flood certificate fee, Credit Union appraisal fees are estimated to range from $495 to $1,500 (usually 3.0% to 5.0% of the amount borrowed). Property insurance is required. Family First FCU will pay all third -party fees on its Home Equity loans.  If the home equity loan is paid off within 36 months of the open date, you must reimburse the credit union for certain fees Family First FCU paid to third parties in connection with opening the loan.

Family First is not a tax or real estate advisor. Consult your tax advisor regarding the deductibility of interest.

Prime rate as of 11/12/2024 listed in the Wall Street Journal is 7.75%. Family First FCU is an equal housing lender.

^Pool loans have the following stipulations: In-ground pools only (can include hardscape – concrete and fencing); minimum loan amount $10,000; maximum loan amount $70,000; A mortgage will be filed on the property –mortgage tax, recording fees and flood certification will be paid by CU, if the loan is paid off within the first 24 months of origination the fees will be paid back by the borrower (TRID rule apply – LE and CD need to be issued – there will be a 3 day rescission period before funds can be disbursed); Items needed at application include estimate from the contractor installing the pool, copy of deed (showing ownership of property), income verification may be requested.

(1) Home Equity Closed End, fixed or 3/1 ARM less than $15,000, member must pay closing costs.

(2) Home Equity closing costs must be paid back if loan is paid off and closed within the first 36 months. Home Equity line of credit has a 10 year draw period with a 20 year repayment period. Rates vary by loan to value.The rate will not exceed 14.95% APR. The floor rate is 3.95%

(3) Subject to credit eligibility.

*Intro rate valid as of 4/4/22. After 7 months, HELOC assigned rate will be applied. Offer is for a limited time and subject to change without notice. See disclosure for full details.

Home Equity Line of Credit loans originating between 11/3/2008 and 7/31/2016 have a floor rate set at 4.00%. All new loans originated starting on 8/1/2016 will have a floor rate of 3.95%. 3/1 ARM rates have a ceiling of 6.00% higher than the rate at which they were opened.

Rates are valid as of March 10, 2023