Home Equity Loans & HELOCs

Use the equity in your home to pay for just about anything!Our Home Equity Loans put more $$$ in your pocket!

We offer two types of Home Equity products based on your needs:

Home Equity Loans

Home equity loans from First Class Community Credit Union are fixed-amount loans, so you borrow the exact amount you need and pay it back for a fixed length of time at a fixed rate.

Home Equity Lines-of-Credit (HELOC)

This is a line of credit you can access as needed. So, you can borrow the money you need now, and then access more again in the future when you need it.

Whether you’re dreaming about improving your home, financing your child’s college education, taking the vacation of a lifetime, or simply wanting to consolidate high-rate debt into one manageable payment, a Home Equity Loan or Home Equity Line-of-Credit from FCCCU is a great option. Plus, you’ll find that we offer incredibly low closing costs!

Ready to Apply for a Home Equity Loan? We make the process simple!

Want to learn more?

Home Equity FAQs

A home equity loan allows you to borrow against the value of your home. The lender provides a lump sum and you repay it with fixed monthly payments over a set term.

FCCCU typically requires at least 15–20% equity in your home, though this can vary based on factors like your credit score, income, and the specific loan terms.

Home equity loans are commonly used for home renovations, debt consolidation, education expenses, medical bills, or other large purchases, but they can really be used for just about anything.

No. A home equity loan provides a fixed lump sum, while a home equity line of credit (HELOC) allows you to borrow money as needed during a draw period.

Many home equity loans offer fixed interest rates, which means your monthly payment stays consistent throughout the life of the loan.

Approval timelines vary but many borrowers receive decisions within a few days once required documentation is submitted.

Yes. Many homeowners take out a home equity loan while still paying their primary mortgage.

Applying for a loan may cause a small temporary credit inquiry, but making on‑time payments can help build positive credit history.

Home equity loans often offer lower interest rates because they are secured by your home.

Please use our convenient and secure online loan application to apply for a home equity loan.


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