For those members seeking a fixed rate option with a specific payout term, the FCCU Home Equity Loan is the perfect solution.

Terms:
Qualified members can choose from 5-, 10- and 15-year terms. The shorter the term, the lower the interest rate. The minimum amount you can apply for is $10,000. The maximum amount is $400,000.*

Special Features:

• No points
• Fixed rates
• Possible tax deduction (speak with your personal tax advisor)
• Convenient automatic payment deduction

Special Option

FCCU also offers a special home equity loan product that pays off your current first mortgage and provides unique benefits.

You may be able to refinance your first mortgage loan with a First Choice Home Equity loan and save a lot of money in closing costs while getting a great rate. We call this the We’re # 1 Loan. We designed this loan for the many members who were discouraged by the high closing costs to refinance a First Mortgage loan. There is still time while interest rates are low to lock in a great rate.

Special Features of the We’re #1 Loan:

• Low interest rates
• Lower closing costs than a standard first mortgage
• No escrow requirement
• Quick closing process
• Terms up to 20 years

Membership required. Subject to loan approval. Loan to value and credit history will determine your available rate.

¹ APR = Annual Percentage Rate. Individual loan rates are determined by members’ specific credit history. Loans are subject to credit approval. Some restrictions may apply. Rates may vary depending on your credit report. We rely on a national credit bureau for obtaining your credit score. This score may differ from a credit score you find from other sources. We will not use credit scores from other score providers or accept for consideration other scores you provide. Rates are subject to change at any time. Contact a First Choice Credit Union associate for complete details. Full loan disclosures will be given when loan is disbursed at closing.

² Rate discounts are not available for Home Equity or Home Equity Line of Credit.

³Adjustable Rate. Prime Rate -1% for A+ Credit and -.75% A Credit. The maximum rate on a HELOC Adjustable is 16%.

⁴Non-Primary Residence will be .50% above applicable regular rate. A HELOC is not offered for Non-Primary Residence property.

⁵Payments do not include taxes and insurance which are the obligation of the borrower.

⁶Terms of Repayment Example: a $50,000 loan, with a term of 15 years at 6.50% APR, would work out to a payment of $435.55 a month.

⁷First Position indicates there will be no other lienholder other then First Choice Credit Union. If the applicant is not in First Position as indicated here the loan is a Second Position loan.