Home Equity

Whether you need a fixed-rate 2nd mortgage to pay off higher-interest debt or a Home Equity Line of Credit (HELOC) to do home improvements, the credit union has the right product to help you utilize your home’s equity and reach your financial goals. Borrow up to 90% of your primary residence’s appraised value with our Home Equity Loans.  

Fixed Rate Home Equity

Do you want to lock in a low interest rate for a term of 5, 10, or 15 years? Complete a big home improvement project or consolidate student loans by taking advantage of a Spokane Firefighters Credit Union Fixed Rate Home Equity Loan. We keep fees low so your money goes towards your future.

  • Borrow up to 90% of your home’s appraised value

  • Terms up to 15 years

  • Fixed rate and payments for the term of loan selected

  • One-time lump sum disbursement

  • Interest may be tax-deductible (ask a tax advisor)

Home Equity Line of Credit (HELOC)

Our HELOC is perfect for members wanting to complete a home project while maintaining a credit line for future use. Take draws when you need them and only pay interest on the funds that you use. This variable-rate loan allows up to three 5 year draw periods, giving members many years of use.

  • Borrow up to 90% of your home’s appraised value

  • Low fees

  • Revolving credit line, only pay interest on the money you use

  • Easy to access by telephone, It’s Me 247 online banking, or in person at the CU

  • Provides a lower interest rate than traditional credit lines that are unsecured

  • Interest may be tax deductible (ask a tax advisor)