Home Equity/ Improvement
What can your home’s equity do for you?
As a homeowner, you may have a great financial resource in your home’s equity. Whether you need funds for a dream vacation, debt consolidation or college education, a Home Equity Loan from First Community Credit Union can get you the cash you need when you need it.
Want to spruce up your home? Look to a Home Improvement Loan to make improvements, updates and more!
- No pre-payment penalties
- Terms up to 20 years 1
- Rates as low as 5.49% APR 1
- Borrow up to 80% Loan to Value
- Rates as low as 5.74% APR 1
- Borrow up to 90% Loan to Value
APR = Annual Percentage Rate. Certain credit criteria apply for all loans. Max term of 20 years allowed. Minimum loan amount is $50,000 and loan may not exceed $250,000. Only one Home Equity or Home Improvement loan may exist at a time and there must be a time period of one year between originations. 2
Financing for our best rates based on 720 FICO score. Home Equity Loans may not exceed 80% of the combined loan to value, first lien + second lien. Home Equity loan of $75,000 at 5.49% for 15 years = $612.41 per month. Home Equity Line of Credit (HELOC) loans are not eligible. 3
Home Improvement loans may not exceed 90% of the combined loan to value. Home Improvement loan of $75,000 at 5.74% for 15 years = $622.41 per month. Closings will occur on time as long as all documentation required from the buyer is received within the timeframe requested.