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Personal/Loans
Freedom First Credit Union

Home Equity Loans

Personal/Loans
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Your Home Holds Financial Potential

Use your home's equity in a variety of ways. From debt consolidation to home improvements, vacations, or education expenses, you can tap into this financial asset with a number of loan products.
 
 
Two young girls in sunglasses swimming in inner tubes in a pool. Text: Fast Forward HELOC.

Red house icon.Fast Forward HELOC

Close on a Home Equity Line of Credit in as fast as 7 days with ZERO closing costs.* Use our HELOC Calculator or this FAQ page to help you decide.
See our rates page for more details.
Red house icon.Home Equity Loan
A lump sum, fixed-rate loan against the equity in a home. Use for fixed monthly payments.
Red house icon.Home Equity Line of Credit
An adjustable rate, revolving line of credit against the equity in a home. Use for a ready source of funds to access when needed.
Red house icon.EquityFlex
A lump sum loan against the equity in a home that adjusts every 60 months. Use for lower monthly expenses without the worry of rising variable rates.

Learn more about Home Equity.

Infographic: Reasons to get a HELOC - consolidate debt, medical expenses, college tuition, vacation planning, home improvements, appliance or auto repair, smart financial decision and peace of mind
 
Apply for a home equity loan product by visiting your local branch or calling 540-389-0244 (local) | 1-866-389-0244 (toll-free).
 
 
*The 7 business day closing is based upon all required documents being received at the time of submission. A review of the Credit eligibility, adequate property value without appraisal, and a clear title is also needed for qualification and zero closing costs. Other restrictions may also apply. APR = Annual Percentage Rate. Fast Forward HELOC APRs are variable, subject to change, and indexed to the Prime Rate as published in the money rate table of the Wall Street Journal + a margin for the life of the loan. Prime Rate as of 8/1/2019 is 5.25%. Our current lowest Annual Percentage Rate as of 8/1/2019 is 5.25% APR, which includes + 0.00 margin. Your actual rates may vary, depending upon credit history, loan amount and term, loan to value ratio, and other factors. The maximum APR that may be imposed is 18%. Maximum loan-to-value is 85%. The minimum loan amount is $10,000 and the maximum loan amount is $100,000. The term is up to 240 months. Pay interest only on the amount drawn or 1% of the balance. Membership with Freedom First is a requirement for this offer with a $5 share account. Property insurance, if applicable must be in effect on the property being secured and the said property must be in the FFCU membership area. The property must be owner occupied and cannot be in a flood zone. Please consult a tax adviser for further information regarding the deductibility of interest. All credit union loan programs, rates, term and conditions are subject to change at any time without notice. Contact a Freedom First Credit Union representative at (540) 389-0244 for complete details.
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Calculator icon.
Use this calculator to determine the home equity line of credit amount you may qualify to receive.


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