There's Money in Your Home

We’ll Help You Put it to Good Use!home equity house dollar sign shadow

First Northern Credit Union is committed to seeing that our members take full advantage of all the benefits and opportunities available. That includes finding creative ways to use the Equity in your home.

If you are thinking about making home improvements, consolidating some bills or just need a little breathing room a Home Equity Loan or Line of Credit could be just the answer.

What’s the difference? How much can I borrow? How do I apply? These are all great questions. Take a few minutes to view our home equity video.  Then contact your Financial Service Advisor at 888-328-8677 or visit a First Northern branch nearest you to get the process started.

Check out the information on Home Equity Loans and Lines of Credit we’ve provided on the website. Click on the links and review the Comparison Chart to get additional details.

If you have any questions or want more information please Contact Us and we’ll respond to your inquiry as soon as possible with the information you need. Together we can get your money working for you.

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Home Equity Line Of Credit

Borrow up to 85% of your home's equity
Line of Credit (variable) 4.00% APR*

 

Home Access Line of Credit

Borrow up to 100% of your home's equity
Line of Credit (variable) 7.00% APR*

 

 

*APR = Annual Percentage Rate. Home Equity and Access Lines of Credit have variable rates. Loans and Lines of Credit are subject to credit approval. Rates are subject to Lender’s credit criteria, certain conditions, and restrictions. Rates are subject to change. The variable Line of Credit rate is set at the time of your loan (your initial rate) and adjusted each January and July 1st based on the Prime Rate as published in The Wall Street Journal, plus a margin as low as -.50% on Home Equity Lines of Credit (your margin may differ based on your qualifications, and as low as 2.00% for Home Access Lines of Credit (your margin may differ based on your qualifications). Your margin may vary based on your credit qualifications. As of 12/15/16 the Prime Rate was 3.75% APR. The current Home Equity and Home Access line of credit rates listed above are floor rates and are higher than the index plus margin.


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Watch our video
for more information