Home Equity Line of Credit

*Rate effective November 1, 2024.  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 5.79% through January 31, 2026 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 12-19-24, 7.50%+ .50 = 8.00%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 February 1, 2026, 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