Your Dreams Can Come True!
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Turn your home’s equity into the cash you need!
This spring, it’s time to start fresh and take care of all those projects or purchases that have been on hold. Ready to update your home, consolidate debt, pay for tuition, book a vacation, or make a large purchase? Take advantage of the equity in your home as a low-cost and versatile financing alternative.
A Home Equity Loan or Home Equity Line of Credit from 1st Ed Credit Union can take care of all your lending needs. Your home serves as collateral in exchange for an excellent rate and flexible terms.
Home Equity Loan
Compared to other types of loans, a 1st Ed home equity loan’s low closing costs and excellent rates make this an ideal choice – and the cost of your dream more affordable.
- Rates as low as 5.750 % APR*
- Perfect for a one-time purchase or project
- Features a fixed rate for a set amount
- Up to 15 years to repay
Have loan security with 1st Ed Credit Union’s Protection Plus
Home Equity Loans Fixed Rate Up to 85% LTV
| Info and/or Terms | APR |
|---|---|
| 5 years - Min: $15,000; Max: $50,000 (as low as) | 6.218%* |
| 10 years - Min: $25,000; Max: $250,000 (as low as) | 6.034%* |
| 15 years - Min: $50,000; Max: $250,000 (as low as) | 6.382%* |
*APR=Annual Percentage Rate. APR and loan approval based on creditworthiness, loan term, loan to value ratio and lien position. Rates are subject to change without prior notice.
Home Equity Line of Credit
A versatile Home Equity Line of Credit (HELOC) with a low variable rate can be tapped into as often as needed, up to your approved amount. As you repay, funds become available to use again.
- Rates as low as 4.25% APR*
- Low closing costs
- Funds are replenished as you repay
- Up to 85% loan-to-value (LTV)
Have loan security with 1st Ed Credit Union’s Protection Plus
* Promotional offer effective 04/08/2024. $10,000 new money required. After 12 months at 4.25% introductory rate, the interest rate will adjust to as low as Prime Rate minus .50%. Post-introductory rate may vary based on credit score. Prime Rate Effective 12/19/2024 =7.50%. Contact the credit union for complete qualification details. Maximum loan-to-value dependent on credit score. If you close your home equity line of credit within 36 months from the opening date you agree to reimburse the lender for any third party fees the lender paid on your behalf.