Home Equity

Want to feel more secure about your future? Home Equity loans at Family Financial Credit Union will help you do just that. As a homeowner, you can use your home’s equity to finance virtually anything, including home improvement projects, debt consolidation, family vacations, college tuition, and much more!

Home Equity Line-of-Credit Loans

Variable Rate Line-of-Credit

  • No fees for qualified borrowers

  • Access your funds as often as you wish for up to five years

  • Borrow up to 90% of the equity in your home

  • Interest may be tax deductible (consult with your tax advisor)

  • Receive funds four business days after closing

  • Make balance inquiries, obtain payment information, transfer loan payments, or get loan advances through FFCU’s FREE Online Banking program

Home Equity Fixed-Term Loans

  • Low, fixed rates with terms from five to 15 years

  • No fees for qualified borrowers

  • Borrow up to 90% of your home’s equity

  • Interest may be tax deductible (consult with your tax advisor)

  • Receive funds four business days after closing

  • Make balance inquiries, obtain payment information, or transfer loan payments through FFCU’s FREE Online Banking program

What Information Should I Bring to my Appointment?

  • Legal description of the property from deed or title insurance

  • Recent appraisal and/or property tax statement disclosing SEV

  • Current income verification

  • Proof that current property taxes are paid current

What is Required at the Closing of My Loan?

  • Driver’s license

  • Copy of homeowner’s insurance policy adding FFCU as an additional loss payee

Please see our current rates page for our up-to-date interest rates. For more information, contact the credit union at (231) 733-4600 or (800) 332-0779.