First Priority Credit Union can meet all of your home financing needs!
Our Home Equity Programs provide various options so that you can choose the line of credit or loan that will allow you to tap into the equity in your home while keeping your payments manageable.
Find the Equity Product that provides you the flexibility you need and control you want based on your individual goals.
| Minimum/Maximum | Term | Best Use | |
|---|---|---|---|
| Home Equity Loan Fixed Rate |
80% of home value Min. $25,000- Max. $250,000 |
15 years | One time project with predicable costs |
| Home Equity Line of Credit Variable rate – Prime + 0% |
80% of home value Min. $25,000- Max. $500,000 |
20 years | Cover any expense or project with unpredictable costs |
View Current Rates and Payment Examples
Apply For a Home Equity Loan
Apply For a Home Equity Line of Credit
Must be a current member of First Priority Credit Union to obtain approval on any loan product.
Closing costs are waived, however, if borrower terminates the agreement or a discharge is issued within 36 months from the date of agreement then the borrower will be responsible for the full amount of waived costs of between $275.00. – $1100. Approval for all home equity products is subject to appraisal. Rates are subject to change without notice. Other restrictions may apply. Property Insurance or additional coverage may be required.
Home Equity Loan:
Minimum Loan amount of $25,000 applies to this loan. Property Insurance or additional coverage may be required.
Home Equity Line: Maximum APR is 16.0%. Rate is variable and based on prime (as published in the Wall Street Journal) + 0%. Prime rate as of May 31, 2023 is 8.25%. Property Insurance or additional coverage may be required.
