Put Your Home's Equity to Work
Your home is more than where life happens; it's one of your biggest investments. A Home Equity Loan or Home Equity Line of Credit (HELOC) can help you access the equity you've built to tackle home improvements, consolidate debt, cover unexpected expenses, or fund life's next chapter.
Whether you're renovating your kitchen, paying for college, or creating a little more financial breathing room, First Atlantic is here to help with flexible financing solutions and personalized guidance every step of the way.
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DISCLOSURES
*APR = Annual Percentage Rate. Rates are subject to change without notice.
HOME EQUITY LINE OF CREDIT
1Minimum loan amount is $30,000. Maximum loan amount is $500,000. An average monthly balance of $10,000 must be maintained. Maximum loan-to-value (LTV) is 80% and combined loan-to-value (CLTV) is 80% of the property value. The Annual Percentage Rate (APR) is a variable rate and is based on the Wall Street Journal Prime plus applicable margin. The minimum APR is 4.00%. The maximum APR is 18%. After the six-month promotional period, the APR will adjust to the prevailing variable rate. New HELOCs only; refinancing of an existing First Atlantic HELOC is not eligible. Home Equity Lines of Credit are secured by a lien on your primary residence for well-qualified applicants. Eligible properties: owner-occupied 1–4 family homes, condominiums, and second/vacation homes. Ineligible properties include investment properties, co-ops, mobile homes, and manufactured housing. Not available for homes currently listed for sale. Available in first- or second-lien positions. Property and/or flood insurance required. No annual fees, closing costs, advance fees, or application fees. All rates and terms are subject to change without notice; please contact the Credit Union for current rates and terms. Credit and other restrictions apply. All home equity loans are subject to credit approval.
7-YEAR HOME EQUITY LOAN
Available for new money, first-lien position only, with a minimum loan amount of $20,000 and max loan amount of $250,000. Loan amounts exceeding $250,000 may require an appraisal, and a higher APR may apply. Rates are subject to change without notice and may vary based on creditworthiness, loan-to-value ratio, property type, and other underwriting criteria.
2A $350 processing fee is waived at closing; if the loan is paid in full within 24 months, the waived fee will be added to the payoff amount. Contact us for complete details, terms, conditions, and eligibility requirements.
13-YEAR HOME EQUITY LOAN
1APRs reflect no closing costs for home equity loans up to $250,000.00. Higher loan amounts are available but will include appraisal fees based on the value of the home, and a higher APR will apply. Rates may change based on creditworthiness, property type, and other factors. Contact us for more information. 13-Year Home Equity Loan is First Position Only.
2A $350 processing fee is waived at closing; if the loan is paid in full within 24 months, the waived fee will be added to the payoff amount. Contact us for complete details, terms, conditions, and eligibility requirements.