Home Equity

You’ve worked hard to pay down your mortgage. Tap the equity in your home for life’s big moments.

Apply Now  for Home Equity
HomeBorrowHome LoansHome Equity

How would tapping into your home equity help you?

  • Cash Needs

    A home equity fixed-rate loan provides a lump sum of cash.

  • Debt Consolidation

    A home equity line of credit can give you greater financial freedom.

  • Home Renovation

    A home equity line of credit is perfect for recurring expenses.

  • Expensive Repairs

    Not enough equity in your home to cover it? Get a home improvement loan.

    First Financial home equity loan types:

    Home Equity Fixed Rate

    Our home equity fixed-rate loan provides you with a lump sum of cash with a low rate and flexible monthly payment terms.

    Features
    • Borrow up to 100% of the equity in your home
    • Low monthly payments
    • Flexible terms up to 20 years
    • Low fixed interest rates
    • No closing costs*

     

     

    Best For
    • Individuals seeking a one-time lump sum payment
    • Consolidating debt
    • Home renovation costs
    • Those who want flexible monthly payment terms
    • Members who require lower monthly payments and fixed interest rates
    • Those who want to avoid closing costs*
    View Rates Apply Now 

    Home Equity Lines of Credit

    Flexible access to cash for home improvements, college expenses, vacations, debt consolidation, or any other need.

    Features
    • 20-year term: 10-year draw period, followed by 10-year repayment period with option to repay principal during draw period without penalty
    • During draw period, use funds as needed, repay only interest owed on amount borrowed. At end of draw period, repayment includes principal and interest
    • Loan amounts from $10,000 to $250,000
    • 12-month intro rate for qualified members
    • Low variable interest rates
    • No closing costs*
    Best For
    • Accessing funds as needed
    • Reoccurring expenses, such as tuition payments, vacations, debt consolidation, and home renovation projects
    • Increasing your credit score by increasing your total available credit
    • Borrowers who need more time to access funds and longer repayment periods
    • Members seeking low variable interest rates
    • Those who want to avoid closing costs*
    View Rates Apply Now 

    Home Improvement Loan – Secured

    Complete home renovations, repairs, and major upgrades1.

    Features
    • Borrow up to 133% of your home’s value
    • Loan amounts up to $250,000
    • Flexible terms up to 20 years2
    • Low fixed interest rates
    • Easy, no obligation application process

     

     

     

    Best For
    • Covering home improvement costs1 when your equity is limited
    • Obtaining cash when there’s insufficient equity in your home
    • Those looking for generous loan amounts
    • Borrowers who want low fixed interest rates
    View Rates Apply Now  for Home Improvement Loan – Secured
    While we hope you find this content useful, it is only intended to serve as a starting point. Your next step is to speak with a qualified, licensed professional who can provide advice tailored to your individual circumstances. Nothing in this article, nor in any associated resources, should be construed as financial or legal advice. Furthermore, while we have made good faith efforts to ensure that the information presented was correct as of the date the content was prepared, we are unable to guarantee that it remains accurate today.

    Neither Banzai nor its sponsoring partners make any warranties or representations as to the accuracy, applicability, completeness, or suitability for any particular purpose of the information contained herein. Banzai and its sponsoring partners expressly disclaim any liability arising from the use or misuse of these materials and, by visiting this site, you agree to release Banzai and its sponsoring partners from any such liability. Do not rely upon the information provided in this content when making decisions regarding financial or legal matters without first consulting with a qualified, licensed professional.

    Current Home Equity Rates

    Home Equity Fixed-Rate Mortgages

    Effective Date: 3/7/2026

    Home Equity Fixed-Rate Mortgages
    Loan TypeRates as low asPointsAPR* as low asMonthly Payment Per $1000 Borrowed
    5 yr1,25.00%05.00%$18.87
    10 yr1,25.75%05.75%$10.98
    15 yr1,26.00%06.00%$8.44
    20 yr1,26.50%06.50%$7.46

    *APR=Annual Percentage Rate.

    1First Financial may waive the closing costs on certain products. If the credit union pays your closing costs and the loan is paid off within 24 months of the original note date, closing costs must be reimbursed to First Financial by the borrower. Closing costs typically range between $100 and $3,100 for loan amounts up to $250,000. Purchase transactions not eligible.

    2Rates quoted are based on 20% equity in your home. Financing available up to 100% of the value of your home, subject to additional pricing, terms, and conditions

    Maximum Annual Percentage Rate (APR) is 18%.

    ANNUAL PERCENTAGE RATE calculated on loan amount of $250,000.

    Payment Factor quoted does not include amounts for property taxes and insurance. Your payment amount may be greater.

    Adjustable Rate Mortgage index is WSJPrimeWkly.

    After the introductory rate on Home Equity Lines of Credit, your monthly APR will be a fully indexed rate based on Prime plus or minus a margin and based on your credit line amount, Loan to Value and other factors. The Prime Rate is obtained from the Wall Street Journal.

    The application of additional loan level pricing adjustments will be determined by various loan attributes to include but not limited to the loan-to-value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.

    Home Equity Lines of Credit

    Effective Date: 3/7/2026

    Home Equity Lines of Credit
    Loan TypeAPR* as low asAdditional Information
    Up to 80% LTV17.50%2.49% promo rate for first 12 months for qualified members
    80.01% – 90% LTV18.50%2.49% promo rate for first 12 months for qualified members
    90.01% – 100% LTV19.50%2.49% promo rate for first 12 months for qualified members

    *APR=Annual Percentage Rate

    1First Financial may waive the closing costs on certain products. If the credit union pays your closing costs and the loan is paid off within 24 months of the original note date, closing costs must be reimbursed to First Financial by the borrower. Closing costs typically range between $100 and $3,100 for loan amounts up to $250,000. Purchase transactions not eligible.

    Maximum Annual Percentage Rate (APR) is 18%.

    ANNUAL PERCENTAGE RATE calculated on loan amount of $250,000.

    Payment Factor quoted does not include amounts for property taxes and insurance. Your payment amount may be greater.

    Adjustable Rate Mortgage index is WSJPrimeWkly.

    After the 12-month introductory rate on Home Equity Lines of Credit, your monthly APR will be a fully indexed rate based on Prime plus or minus a margin and based on your credit line amount, Loan to Value and other factors. The Prime Rate is obtained from the Wall Street Journal.

    The application of additional loan level pricing adjustments will be determined by various loan attributes to include but not limited to the loan-to-value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.

    Home Improvement Loan – Secured

    Effective Date: 3/7/2026

    Home Improvement Loan – Secured
    Loan TypeRates as low asPointsAPR* as low asMonthly Payment per $1,000 Borrowed
    5yr8.000%08.186%$20.28
    10yr8.750%08.862%$12.53
    15yr9.000%09.084%$10.14
    20yr9.500%09.575%$9.32

    *APR=Annual Percentage Rate. Interest on the portion of the credit extension greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes and borrowers should consult a tax advisor for further information regarding the deductibility of interest and charges. Loan proceeds must be used for home improvements on a single family home, townhouse, or condominium. A Contractor’s estimate or comparable quote is required before funding. Borrowers on the loan must have an ownership interest in the property and occupy it as their primary residence. Rates good as of 6/26/2023.

    **

    1First Financial may waive the closing costs on certain products. If the credit union pays your closing costs and the loan is paid off within 24 months of the original note date, closing costs must be reimbursed to First Financial by the borrower. Closing costs typically range between $100 and $3,100 for loan amounts up to $250,000. Purchase transactions not eligible.

    2Rates quoted are based on 20% equity in your home. Financing available up to 100% of the value of your home, subject to additional pricing, terms, and conditions

    Maximum Annual Percentage Rate (APR) is 18%.

    ANNUAL PERCENTAGE RATE calculated on loan amount of $250,000.

    Payment Factor quoted does not include amounts for property taxes and insurance. Your payment amount may be greater.

    Adjustable Rate Mortgage index is WSJPrimeWkly.

    After the introductory rate on Home Equity Lines of Credit, your monthly APR will be a fully indexed rate based on Prime plus or minus a margin and based on your credit line amount, Loan to Value and other factors. The Prime Rate is obtained from the Wall Street Journal.

    The application of additional loan level pricing adjustments will be determined by various loan attributes to include but not limited to the loan-to-value (LTV) ratio, credit score, transaction type, property type, product type, occupancy, and subordinate financing.

    Ready to apply or have questions?

    To learn more about our home equity loan options, give our Real Estate Loan Experts a call today at 410-321-6060 or toll-free at 800-903-3328.

    Apply Now  for a mortgage

    Build a better relationship with your money.

    Tools and tips to transform your finances.

      Looking for more financial education resources? Visit our Learning Center.

      Get TruStage® Property Insurance to Protect Your Biggest Investments.

      Designed for credit union members, the TruStage® Insurance Program provides affordable top-quality protection on your home, auto, and more.

      Learn More  about TruStage Insurance

      Frequently Asked Questions

      A secured loan is a type of loan where you use something valuable, like your home, as a guarantee or collateral. This means the lender has a legal claim on your asset until you pay back the loan. If you can’t repay the loan, the lender can take the collateral to recover their money. It’s a way for lenders to feel more secure about getting their money back, while borrowers might benefit from better loan terms.
      We offer a Home Improvement Loan, which is a secured loan, and it’s an affordable way to get the money you need when you don’t have sufficient equity. You can borrow up to 133% of your home’s value in loan amounts up to $250,000. Please note: This product can only be used for home improvement-related expenses.
      A home equity line of credit (or HELOC) is a secured loan that borrows against the equity you’ve established in your home. You can estimate the amount of equity in your property by subtracting what you currently owe on your mortgage loan from your home’s value. You can use the funds obtained through a home equity line of credit for any purpose. But as always, make sure you’re spending within your personal limits and are managing the debt responsibly.
      What are you specifically looking to accomplish? By writing out a plan, you can start to budget the expenses associated with your goals. This will help you decide how much you need to borrow. If you’re planning a home improvement project, borrow up to 133% of your home value with our secured Home Improvement Loan.
      Your equity is simply your home’s market value minus the existing mortgage loan balance. At FFFCU, you can borrow up to 100% of the available equity in your home. Need to borrow more for a home renovation? You can borrow up to 133% of your home’s value with our secured Home Improvement Loan.

      View First Financial’s Home Equity Early Disclosure.

      Learn more about home equity lines of credit by utilizing consumer resources provided by the U.S. Government.