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Ronald C., Grip (Local 80)

Home Equity Loans and Lines of Credit

UNLOCK HOME WEALTH

To keep success on your side.

A second act for homeowners.

Cover a wide variety of major expenses1 by borrowing against equity in your home with a Home Equity Loan (also known as Second Mortgage) from First Entertainment Credit Union.

Home Equity Loans

Home Equity Loans are the easy and stress-free financial tool for homeowners looking for a fixed rate and fixed monthly payment for the life of their loan.

Shaking Hands

Robust Financing

Projects can be expensive. Get it done with loan amounts from $45,000 up to $500,000.2

Check List

Favorable Terms

Borrow with the confidence that a great loan provides. We offer terms of up to 20 years for fixed Home Equity Loans.

Seal with Dollar

Great Rates

Take care of expenses with competitive rates and transparent terms. Rely on First Entertainment to bring you the best financing rates available.

Home Equity Line of Credit (HELOC)

A Home Equity Line of Credit (HELOC) is another great way to access funds for big-ticket expenses.1 From home remodeling, education expenses, vacation funding, to a reliable “back-up” plan during hiatus, a HELOC from First Entertainment brings it all within reach.

A few features of our HELOC include:

  • Financing from $25,000 to $250,0003
    • No annual fee
    • Low-cost, one-time origination fee of $300 for loan amounts of $25,000 to $250,000
    • Low-cost, one-time origination fee of $600 for loan amounts of $250,001 to $500,000
  • Competitive rates based on creditworthiness, property condition, and risk factors4
  • Immediate access to your funds via Digital Banking or HELOC checks
  • Investment property financing is also available5
  • Maximum years to repay: 10-year draw/15-year repayment
APPLY FOR A HELOC
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Disclosures

Equal House Lender
1
All loans are subject to credit, income, and collateral approval. Not all members will qualify. Eligible home loans only for California properties. Consult your tax advisor regarding deductibility of interest.
2
First Entertainment offers Home Equity Loans on owner-occupied single-family primary residences for loan amounts from $45,000 – $500,000. Loan amount is $250,000 if over 80% combined loan-to-value (CLTV). The maximum CLTV for Home Equity Loans on a non-owner-occupied property is 60% with loan amounts from $45,000 – $250,000. Purchase Money Fixed Equity Loans have a maximum loan amount of $250,000
3
First Entertainment offers HELOCs on owner-occupied single-family primary residences for loan amounts from $25,000- $500,000 up to 80% of your combined loan to value (CLTV) and for loan amounts from $25,000 to $250,000 up to 90% CLTV. The Maximum CLTV for HELOCs on a non-owner-occupied property is 60% with loan amounts from $25,000 to $250,000.
4
The First Entertainment HELOC is an adjustable-rate loan. The HELOC rate, based on the current Prime Rate as published in the Wall Street Journal (the Index) plus a Margin. Current HELOC rates are available here or by calling the Credit Union at 888.800.3328. Loan origination fees ranging from $300 to $600 for opening a HELOC may be charged.
5
Certain terms and conditions may apply. Contact the Real Estate department at 888.800.3328 for details.