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Home Equity

Using your home’s equity is a great way to borrow money at a very low cost. If you have any projects that you are planning, Community 1st Credit Union can help get them completed. There are two different types of home equity loans that Community 1st Credit Union offers, home equity loans and home equity lines of credit.

Home Equity Loan
  • Homeowners who want access to funds for a one-time expense.
  • Receive your loan as a lump sum
  • Interest rate is fixed and doesn’t change throughout your repayment
  • The interest you pay may be tax deductible (check with your tax advisor)
Home Equity Line of Credit
  • For a limited time only, NO CLOSING COSTS on loan advances greater than or equal to $7,500. 
  • Similar to a credit card where homeowners can borrow money at various installments
  • Interest rate can increase or decrease throughout your repayment
  • Minimum Monthly Payments of only 1% (based on unpaid balance of the last advance)
  • The interest you pay may be tax deductible (check with your tax advisor)

Let your home’s equity help you get those projects completed or consolidate your debt into one low payment. You may even be able to use your home's equity for such things as a family vacation or to pay for a wedding! Call or stop by your local Community 1st Credit Union or email us at memberservice@c1stcreditunion.com if you have any questions.