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. $50,000- Max. $250,000 |
15 years | One time project with predicable costs |
| Home Equity Line of Credit Variable rate – Prime – 1.00% |
80% of home value Min. $50,000- 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 member eligible at time of approval and be a member on the day of closing.
Home Equity Line of Credit:
The Annual Percentage Rate (APR) quoted is the lowest rate available as of February 26, 2024. Subject to credit approval.
Annual Percentage Rate (APR) is effective 2/26/2024 and subject to change. Wall Street Journal Prime rate of 8.50% Minus 1.00% = 7.50%. The corresponding APR will never be less than 4.00% or more than 16.00% per annum.
Advertised rate available for lines of credit between $50,000 and $500,000 on 1 to 4 family owner occupied properties with a combined loan to value ratio (CLTV) of 80% or less as determined by a valuation acceptable to the lender.
Hazard insurance is required. Flood insurance may be required. 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 $1200.00. – $1350.00. Approval for all home equity products is subject to appraisal. Rates are subject to change without notice. Other restrictions may apply.
Home Equity Loan:
Minimum Loan amount of $50,000 applies to this loan. Hazard insurance is required. Flood insurance may be required. Other restrictions may apply.
