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.

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
Membership required. Subject to loan approval. Loan to value and credit history will determine your available rate.