First Choice America Community Federal Credit Union

Home Equity Line of Credit

Home / Borrowing / Mortgage Loans / Home Equity Line of Credit

You may already own the house of your dreams, but it needs a facelift. Adding new gutters, having the exterior painted, and adding a deck to have family gatherings on can be expensive. First Choice America wants you to be able to make home improvements an option, not a burden. Taking a home equity line of credit out by utilizing the value of your home, may help you increase the overall value of your home. Additionally, you may take out a home equity line of credit for other expenses you need help financing. Whether it’s debt consolidation, weddings, or college tuition, again, First Choice has it covered.

5.99% APR* Introductory Fixed Rate Through October 31, 2024
8.25% APR* Variable Rate Beginning November 1, 2024

Call 304-748-8600 to Set Up Your Appointment Today!

Home Equity Items Checklist

Home Equity Information

Rates are effective November 1, 2022
Rates Subject to Change Daily

*Rate effective November 1, 2022.  No closing costs on approved credit limits of $10,000 or more.  If less than $10,000, closing costs may range between $100-$400.  If you modify an existing First Choice America Home Equity Line of Credit loan, you may be charged a loan modification fee, not to exceed $195.  The initial interest rate is 5.99% through October 31, 2024 and thereafter may adjust on the first of every month to the current prime rate plus .50% as published in the Wall Street Journal (as of 11-8-24, 7.75%+ .50 = 8.25%APR).  The adjusted rate at the first of every month is based on the prime rate plus .50% as of the close of business on the last business day of the preceding month.  Beginning November 1, 2024, the APR will never be less than 5.00%. Maximum APR 18%.  Minimum credit line $5,000. Maximum term is 20 years.  Annual fee $50.  Over limit fee $25.  Property insurance required.  Consult your tax advisor about interest deductibility.  All loans subject to credit approval.  Limited time offer.  Membership eligibility required. Federally insured by NCUA.  NMLS #411557

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