Home Equity Loans

We’re #1 Loan - Did you know?
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 and get 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 for the top three credit tiers

  • Quicker closing process

Home Equity

Terms:

Qualified members can choose from 5, 10 and 15 year term. The shorter the term, the lower the interest rate. The minimum amount you can apply for is $5,000 and the maximum is $200,000.

Special Features:

  • No Points

  • Fixed rates

  • Possible tax deduction (Speak with your personal tax Advisor)

  • Convenience of automatic deduction of payments

Home Equity Line of Credit

Looking to keep your payment low while taking on a remodeling project, or college tuition or other investment – you are only required to pay interest during the initial five (5) year draw period. A First Choice Credit Union home equity line of credit can be the answer!

Terms:
Line of Credit offers a draw period of five (5) years, interest only payments during the five (5) year draw period, and a subsequent repayment term of ten (10) years.

Special Features:

  • No Points

  • Low variable rates (based on prime)

  • Possible tax deduction (Speak with your personal tax advisor)

  • Convenience of automatic deduction of payments

For more information please call 561.641.0100. Or submit your application online.

Mailing Address
1055 S. Congress Avenue
West Palm Beach, Florida 33406-5195

561.641.0100 Phone

Your savings are federally insured to at least $250,000 Your savings are federally insured by NCUA
Equal Housing Opportunity

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