Our convenient ESP Home Equity Line of Credit is designed with you in mind.

Whether your plans include home improvements, a new car, college tuition, vacation, or some other worthwhile purpose, First Federal’s Home Equity Line of Credit offers convenient checkbook access to funds to see you through it. Here are just some of its many benefits:

  • No Closing Costs *
  • 10 Year Credit Line Draw Period
  • Prime + 0% For The Life of The Loan **
  • Interest Charged Only On Funds You Actually Use
  • No Application Fees
  • No Annual Fees
  • Credit Lines from $5,000 and up
  • Utilize up to 75% of Your Home’s Equity
  • No Prepayment Penalties
  • Fast, Local Loan Approvals
  • Interest May Be Tax Deductible ***

*** * Closing costs are waived on credit lines up to $100,000. If you close your credit line within 3 years of establishing the account, you will be required to reimburse us for the actual closing costs associated with establishing your credit line. You will be responsible for paying all closing costs on credit lines above $100,000.

** Interest Rate Floor of 4.25% *** Check with your tax advisor.

Subject to Credit Approval. Restrictions apply. Programs, rates, terms and conditions are subject to change without notice.