First Northern Credit Union - Home Equity Loans
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APR As Low As:*
Home Equity Loans
(Borrow up to 85%
of your home's equity)
Line of Credit 4.00% APR
5-year fixed 3.99% APR
10-year fixed 5.49% APR
15-year fixed 5.99% APR
Home Access Loans
(Borrow up to 100%
of your home's equity)
Line of Credit (variable) Prime**
7.00% APR
7-year fixed 8.49% APR
APR = Annual Percentage Rate

*Subject to credit approval. Rates are subject to Lender's credit criteria, certain conditions and restrictions. Your rate and corresponding Annual Percentage Rate (APR) may be higher than the published rate. Rates are subject to change at any time without notice.

**The Prime Rate is the Prime Lending Rate as published in The Wall Street Journal. As of 08/11/10 the Prime Rate was 3.25% APR. The annual percentage rate on this loan cannot exceed 18%. Offer valid on Illinois residences only, and does not apply to paying off existing First Northern Credit Union loans. Rates subject to change. Fixed-rate repayment example: 5.99% APR for 60 months is $19.34 per $1,000 borrowed. As always, consult your tax advisor concerning interest deductibility. Some restrictions apply. See your Financial Service Advisor for details.
   Equal Housing Lender
Refinance your Home Equity Loan

First Northern offers home equity loans and lines of credit to members on their Illinois residences. If you're paying too much for your loan at another financial institution, let us know. Chances are good that we can lower your rate, give you a cash incentive – or both! To find out what we can offer you, click here.

Loyalty discount
Take advantage of a rate .25% lower than our published fixed-rate home equity loan if you have direct deposit into our Preferred or Advantage Checking accounts.
Home Equity Refinance
Refinance with us and compare your savings
over the life of of your loan
Amount
Current rate with other lender
8.00%
8.50%
9.00%
9.50%
$15,000
$221
$437
$605
$874
$20,000
$292
$580
$871
$1,163
$25,000
$365
$725
$1,089
$1,454
$30,000
$439
$871
$1,307
$1,746
$35,000
$512
$1,017
$1,525
$2,037
$40,000
$585
$1,161
$1,743
$2,328

Financing comparisons based on a 60-month term on a home equity loan rate of 7.49% APR. Repayment example: 7.49% APR for 60 months is $20.04 per $1,000 borrowed. Rates are subject to change. This chart is for example purposes only. Consult one of our Financial Service Advisors for the rate specific to your offer.
This page was last revised: 10/26/11