Home Equity Line of Credit

Loan Details

  • A low, fixed rate loan (see our Loan Rates page for current rates)
  • Closing costs only $500 (unless a full appraisal is required)*
  • 2 year draw period, followed by a 8 year payback period
  • Option to extend the draw period every 2 years
  • Minimum monthly payment during draw period of 1.25% of the balance
  • Fixed payment during the payback period amortized for 8 years
  • Maximum combined loan-to-value of 85% OAC
  • Minimum line of credit of $10,000; maximum of $75,000
  • Minimum initial draw of only $5,000, subsequent minimum draw of $500
  • Interest may be tax deductible**

Get Started With Your Application

Contact a mortgage loan officer at 801-487-3219 (or toll-free at 877-658-7395) to get your Home Equity Loan application and checklist to get started today! 

Call Us With Questions - We're Glad To Help

One of our mortgage loan officers will be glad to answer any questions you have about how a Home Equity Line of Credit meets your needs.  Call us today at 801-487-3219 (or toll-free at 877-658-7395).

*Closing Costs $500.00 plus appraisal fee of up to $500 (if required). Contact our department to see if a full appraisal will be required for your property.  

**Firefighters Credit Union does not provide legal or tax advice.  Consult your tax professional to determine whether the interest you pay on your Home Equity Loan is tax deductible.

Deposits federally insured to at least $250,000 by the National Credit Union Administration, a U.S. Government Agency, and backed by the full faith and credit of the U.S. Government.