Home Equity

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
Appy 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 12 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 September 17, 2020 is 3.25%. Payment Example: If you made only the minimum monthly payments and took no other credit advances, it would take 20 years to pay off an advance of $10,000 at 3.25% APR. During that period, you would make 120 monthly payments of $50.00 (Minimum payment amount) followed by 120 monthly payments of $97.72. Property Insurance or additional coverage may be required.