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Put Your Home Equity to Work for You

We’re here to help you succeed — and save you some serious $$$. Transfer your balance to a Firelands FCU credit card today.

Put Your Home Equity to Work

Qualified homeowners can turn their equity into opportunity, for life’s major moments, planned projects, and unexpected needs.

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Flexible Financing with Firelands FCU

Whether you need a loan to accomplish your goals or a line of credit to give you flexible spending, Firelands FCU makes securing a loan simple.

Set Your Goal

Choose the path that’s right for you—home equity loans deliver competitive rates for short-term or one-time needs, while HELOCs help you meet ongoing or seasonal needs.

Talk to Firelands

With your goal in mind, apply for a home equity loan or line of credit. If you aren’t sure which is right for you, don’t hesitate to reach out with any questions. We’re here to be your guide.

Access Your Equity

Once approved, put your home’s value to work! No matter how you use it, you’ll have flexible terms and trusted local support from Firelands FCU every step of the way.

Home Equity Loans

Competitive rates for several short-term or one-time needs:

  • Education expenses
  • Major life events
  • Home remodel projects
  • Debt consolidation
  • And much more!

BENEFITS

  1. The existing equity in your home is used as collateral backing
  2. Accommodating repayment terms that work uniquely for you
  3. The interest paid might be tax deductible
  4. Local decision-making and processing in your own community
  5. Personalized service from trusted lenders

Home Equity Line of Credit (HELOC)

Competitive rates for several ongoing or seasonal needs:

  • Education expenses
  • Major life events
  • Major home improvements
  • Debt consolidation
  • Emergency reserve
  • And much more!

BENEFITS

You get the same great benefits as a Home Equity Loan PLUS:

  1. No closing costs for closed loans that meet Firelands FCU criteria
  2. Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  3. Revolving credit – as principal is repaid, more becomes available for use
  4. Funds easily available via in-person transfers to your Firelands FCU checking or savings account
  5. Set up automatic payments to be deducted from your account monthly

Learn More About HELOCs »

Ready to Put that Home Equity to Work?

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*Applicant will owe any costs for loans that do not close. These costs may vary based on the stage of the application. This account has a Draw Period of 10 years, after which you will be required to repay any amounts within a 10-year Repayment Period, depending upon your account balance. Hazard and, if applicable, flood insurance required. New Firelands Federal Credit Union Home Equity Accounts are subject to credit qualification, income verification, and collateral evaluation. Additional restrictions, limitations and exclusions may apply. Terms and conditions subject to change without notice. The home equity line of credit Annual Percentage Rate (APR) is variable and is based on the highest Prime Rate published each day in The Wall Street Journal Money Rates Table (the “Index”), plus a margin. Advertised rate is based on rates as of 1/1/25 and is subject to change. The minimum line of credit amount is $15,000. Minimum APR is 0%. Maximum APR (Lifetime Rate Cap) will be 18%. Your APR will be based on the specific characteristics of your credit transaction, including evaluation of credit history, CLTV, property type, amount of credit, term, and geographic location. There is a $60 annual fee. The early termination fee will be $350 if terminated within the first 36 months.

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