Upscale, modern kitchen.


Put your home's equity to work.

No Closing Cost Home Equity Line of Credit

With a great 1-year intro rate and no closing costs, now's a great time to do that kitchen remodel you've been wanting or consolidate debt.1

Here are the highlights: 
  • 20 year HELOC with no closing costs for loans up to $100,000.1
  • 1-year intro interest rate of 3.50%, then interest rates as low as Prime (4.25%).2
Here's how it works:
  • You'll make interest-only payments on a revolving line of credit for 7 years. Then, you'll make principal and interest payments for the remaining 13 years.3
  • We'll waive the closing costs when you make an initial draw of $10,000, and maintain a $10,000 or more balance for 2 years.1
Looking for a higher line of credit limit? We've got a Low Closing Cost HELOC option that may work for you. Call us for more info.

Ready to get started or want to learn more? Call us or stop by a branch for more info.

1) No closing cost option available for owner-occupied site-built residences only. Minimum loan amount is $10,000. Total closing costs waived for loans up to $100,000 not to exceed $2,265 with an initial draw of $10,000 made at closing and an outstanding balance of $10,000 or more maintained for 24 months. The combined loan to value of both the first and second mortgage is up to 80% including the new HELOC. If the HELOC is in default, or if any of the preceding requirements are not met, all closing costs will be assessed to the outstanding balance of the HELOC for the bank’s reimbursement. Available only for new loans of $10,000 or more. 2) The Annual Percentage Rate (APR) is as low as 3.50% and is capped at 18%. The APR is variable, is based on Wall Street Journal (WSJ) Prime as of 9/5/2017, and may change. 3) As an example: interest-only payments for a $10,000 line of credit balance with a 1-year intro APR of 3.50%, would be 12 monthly payments of $28.77 to $29.73. Next, there would be 72 interest-only monthly payments of $32.60 to $36.10. Finally, there would be 156 monthly payments of $83.55. The $47 annual fee is waived with auto debit of the monthly payment from a First Federal Bank checking account. A First Federal Checking account is required. Property must be titled in a personal name - no trusts or corporations. Property insurance is required, including flood and wind insurance where applicable. Appraisal fee (up to $550) due at application, but will be reimbursed at closing. Loan pricing is subject to credit underwriting and approval. Consult a tax adviser regarding the deductibility of interest. Exclusions and limitations may apply. Valid until March 31, 2018. Additional rates and terms available. See a banker for complete details.