LIMITED TIME OFFER: 4.99% APR FOR THE FIRST 6 MONTHS!
- *Limited-time offering - 4.99% APR for 6 months then the rate will be based upon the Wall Street Journal Prime Rate + Margin
- No Closing Costs or Application Fee
- Use for Debt Consolidation, Future Remodel, Pay for School, Vacation, Auto or Boat Purchase, Wedding Cost, Emergencies
- $75 Annual Fee waived for the 1st year
- Interest-only payments on what you borrow for the first 10 years
- .250 discount rate for establishing and maintaining an Automatic Payment from a First Federal Savings bank deposit account**
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*Existing First Federal Savings Bank (FFSB) Home Equity Lines of Credit (HELOCs) are not eligible to modify or refinance to the 4.99% introductory promotional rate. Must apply by December 31, 2025. The HELOC Introductory rate of 4.99% will start at closing (note date) and continue for the first 6 months from the note date. After the Introductory Rate period ends, the APR can change monthly and will be calculated adding the monthly variable rate Index plus a Margin. The index is the Wall Street Journal (WSJ) Prime Rate. The margin is based upon the credit score and loan to value (LTV) at the time of credit review. The current margin can range between .250 to 2.5%. The APR = Annual Percentage Rate. Ask your Mortgage Loan Originator for details. **The .250 discount to rate for establishing and maintaining a Care-Free automatic payment from a FFSB personal deposit account does not apply to the 4.99% introductory rate and will be subtracted after the 6-month introductory rate promotion ends. The current non-promotional APR rate ranges from 7.50% to 9.75%. The rate floor is 5% and the maximum rate is 21%. 90% LTV for Owner Occupied 1-unit properties and 85% LTV for Second Home 1-unit properties. Property restrictions apply. Minimum credit score of 680. The minimum line request is $10,000 and the maximum is $250,000. The HELOC will have a 10-year draw period with access by check or debit card. The minimum payments are interest-only during the draw period. After the draw period ends, funds can no longer be accessed during the repayment period of 20 years. Any remaining balance is amortized over 20 years based upon the monthly variable WSJ Prime Rate Index plus Margin. All Loans and Lines of Credit are subject to credit review and decision. Rates, Index, Margin and Introductory promotional rates are subject to change without notice. First Federal Savings bank is FDIC Insured and a Equal Housing Lender. NMLS# 399927
A Home Equity Line of Credit (HELOC) lets you borrow against available equity with your home as collateral. Our Home Equity Line of Credit is designed to help you use the equity in your home responsibly. If you're considering a home renovation or planning for a major expense, we can help.
- Rate Prime + Margin (range .25% to 2.5%), 5% Floor. Current APR (range from 7.50% to 9.75%)
- No closing costs for the borrower.
- Available on single family, primary and secondary residences.
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Borrowers must meet underwriting guidelines. Loan is variable rate and based on the Wall Street Journal prime rate plus applicable margin. Minimum payment during the draw period is equal to accrued interest on the outstanding balance during the preceding cycle. Minimum payment during the repayment period will be any remaining balance amortized over 10 years at a monthly value variable rate of the Wall Street Journal prime rate plus margin. Maximum APR is 21%. Annual fee of $75 is waived for the first year. Not available on manufactured homes or investment properties. See loan originator for additional terms and conditions. NMLS #399927