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Home Equity Loan Rates

Now is a good time to lock in a low rate

Say good-bye to application fees, title search fees,
appraisal fees and credit report fees!

At FirstEnergy Family Credit Union, home equity loans are easy!

FEFCU's Home Equity Loans offer you...

Click here for more information on of FEFCU'S Home Equity Loan options to help you decide which is best for you.

Home Equity Loans
Major Features Fixed Loan Rates Variable Equity Line
Rates 60 months 4.25% APR
120 months 4.75% APR
240 months* 4.50% APR
360 months* 4.50% APR
Payment per $1,000 $18.54 
(5 year/60 months)
$10.49
(10 year/120 months)

$6.33
(240 months)
$5.07
(360 months)

Type of Rate Fixed for life of loan As low as Prime -1% (Wall Street Journal)
The annual percentage rate can change annually on the first day of February. The rate cannot increase or decrease more than 2 percentage points in any one-year period.
Ceiling Rate N/A Maximum APR is as low as 11.50%
Calculated as Prime Rate +6
Floor Rate N/A Minimum APR is as low as 2.99%
Maximum Loan 80% of home value 80% of home value
Minimum Loan or Line $5,000
$30,000 (no-fee special*)
$5,000 for initial line and
$1,000 for each advance
$30,000 (no-fee special*)
Available Terms 5 or 10 year terms 240 months: 5 year draw period/20 year total repayment of loan
360 months: 5 year draw period/30 year total repayment of loan
Annual Fees None None
Application Fees None None
Tax Advantage None See Tax Advisor
     
     

Rates are subject to change at any time without notice.
APR= Annual Percentage Rate
Actual rate may vary based on credit worthiness and terms of the loan. Your rate can be higher or lower depending on credit performance.

*LOW-FEE SPECIAL
For a limited time, FEFCU will pay all processing fees up to $400 one time per member.
Processing fees include appraisal, flood determination, title search, title insurance, mortgage document preparation and recording fees. $400 based on a $43,000 loan on a primary residence located in Summit County. Additional fees may apply based on amount of loan and county in which the primary residence is location. To qualify for the limited time, "Low Fee" special you must draw $30,000 for your first advance for 36 months. If you pay-off the loan for any reason within 36 months, a $400 fee reimbursement charge will apply to reimburse processing fees. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice.  Home Equity loans currently financed through the credit union may be subject to additional processing fees.

Home Equity Early Disclosure

When Your Home is On The Line

**Only on primary residences located in Ohio**

ALL RATES ARE SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE


View Home Equity Frequently Asked Questions  


NMLS ID: 813333

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FirstEnergy Family Credit Union
575 White Pond Drive, Suite E
Akron, Ohio 44320-1184
(330) 535-3611
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Copyright 2019  FirstEnergy Family Credit Union, Inc., All rights reserved.

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*Home Equity Loans – APR = Annual Percentage Rate. Rates as low as 3.99% for up to 60 months. Actual rate may vary based on credit worthiness and the terms of the loan. Your rate can be higher depending on credit performance. Financing up to 80% of the appraised value of primary residence is available. Rates are subject to change without notice. Home Equity loans currently financed through the credit union may be subject to additional processing fees. For a limited time, FEFCU will pay all processing fees up to $400. Processing fees include appraisal, flood determination, title search, title insurance, mortgage document preparation and recording fees. $400 based on a $43,000 loan on a primary residence located in Summit County. Additional fees may apply based on amount of loan and county in which the primary residence is located. To qualify for the limited time, "Low Fee" special you must draw $30,000 for your first advance for 36 months. Actual rates, fees, and terms are based on those offered as of the date of application and are subject to change without notice. If you pay-off the loan for any reason within 36 months, a $400 fee reimbursement charge will apply to reimburse processing fees. NMLS ID: 813333

1 - Vehicle Loans – *APR = Annual Percentage Rate. Rates as low as 2.99% for up to 60 months. Actual rate may vary based on credit worthiness, age of vehicle and the terms of the loan. Your rate can be higher depending on credit performance. Financing up to the NADA average retail value of the vehicle is available. Rates are subject to change without notice.

*Vehicle loan gas card – This offer is valid only for loans over $10,000 with a minimum term of 24 months. Loans currently financed with FEFCU are not eligible for this offer.