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Home Equity Loan

Fixed Home Equity Loan

Explore Your Options Using Your Home’s Equity

1st Choice Credit Union Home Equity Loan is considered a traditional second mortgage and is desirable if you need a one-time specific amount of money. It’s a great option for homeowners who have enough equity established in their home to tap into for expenses such as home improvements, bill consolidation or even to purchase new furniture.

Overview & Benefits

What Is a Fixed-Rate Home Equity Loan?

A Fixed-Rate Home Equity Loan is a second mortgage with a fixed rate, which means that your monthly payments will not change over the life of the loan. As opposed to a Home Equity Line of Credit, a Home Equity Loan will give you a one-time sum which is paid out at closing.

Home Equity Loan Benefits
  • Fixed Rate for the life of the loan
  • Available for primary and secondary residences
  • 5-year, 10-year and 15-year terms
  • Maximum loan amount of $250,000
  • No prepayment penalty
  • No application fee
Apply Now
Apply Now for Your Home Equity Loan

To apply for a Home Equity Line of Credit online, simply go to to get started. If you have questions or want to speak with a Home Loan Specialist over the phone, contact us toll-free at 404-832-5800 to get the answers you need.