Home Equity Loan
Home Equity Loan
For those members seeking a fixed rate option with a specific payout term, the FCCU Home Equity Loan is the perfect solution.
Terms:
Qualified members can choose from 5-, 10- and 15-year terms. The shorter the term, the lower the interest rate. The minimum amount you can apply for is $10,000. The maximum amount is $400,000.*
Special Features:
- No points
- Fixed rates
- Possible tax deduction (speak with your personal tax advisor)
- Convenient automatic payment deduction
Special Option
FCCU also offers a special home equity loan product that pays off your current first mortgage and provides unique benefits.
You may be able to refinance your first mortgage loan with a First Choice Home Equity loan and save a lot of money in closing costs while getting a great rate. We call this the We’re # 1 Loan. We designed this loan for the many members who were discouraged by the high closing costs to refinance a First Mortgage loan. There is still time while interest rates are low to lock in a great rate.
Special Features of the We’re #1 Loan:
- Low interest rates
- Lower closing costs than a standard first mortgage
- No escrow requirement
- Quick closing process
- Terms up to 20 years
