Home Equity Loans

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Got a big dream or goal — or just want to do some home repairs, or maybe fund life’s various needs as they arise?

Leverage the equity in your home and turn it into cash with a Home Equity Loan. There are no restrictions on how the funds can be used. Fixed-Rate Home Equity Loan rates as low as 6.24% APR1.

Choose the program that's right for your borrowing needs:

  • Fixed-Rate Home Equity Loan2 - Receive funds in one lump sum.

  • Home Equity Line of Credit2 (HELOC) - Draw funds as you need it.

Key Features

  • Competitive Rates
  • Customized Terms
  • Local Decisions
  • Awesome Service
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Members have access to competitive rates and a wide-range of term options with a First Harvest Fixed-Rate Home Equity Loan1. We’ll even cover the cost of the appraisal fee2, providing you with added dollars to accomplish more.

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  • Save on upfront costs with no appraisal fee2
  • Borrow up to $200,000 for 1st lien Home Equity Loans, or up $150,000 for 2nd liens. The minimum financing amount is $10,000.
  • Finance up to 90% of the equity in your home
  • Available terms up to 180 months
  • Program available on 1-4 family residential property in the state of New Jersey and Pennsylvania
  • Receive prompt decision-making and processing based in South Jersey
  • Our lending experts are here to help guide you every step of the way. Connect With Us to get your questions answered or email [email protected].  

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Gain more flexibility – members can convert the equity in their home into cash that they can use on an ongoing basis with a First Harvest Home Equity Line of Credit2 (HELOC). As an added member-benefit, we’ll cover the closing costs* on your behalf.

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  • No closing costs2
  • Borrow up to $200,000 for 1st lien Home Equity Loans, or up $150,000 for 2nd liens.
  • Finance up to 90% of the equity in your home
  • Program available on 1-4 family residential property in the state of New Jersey and Pennsylvania
  • Flexible access to funds with a 5-year draw period (amount of time you can draw funds from your HELOC)
  • Program repayment period is 15-years (length of time to pay back the balance on your HELOC)
  • Receive prompt decision-making and processing based in South Jersey
  • Our lending experts are here to help guide you every step of the way. Connect With Us to get your questions answered or email [email protected]. 

While both programs allow you to borrow against the available equity in your home, here are some differences to consider when choosing the right program for you. Our lending experts are here to help! Connect With Us to learn more about each of our available programs.

Fixed-Rate Home Equity Loans:

  • Receive your funds in one lump-sum
  • Ideal for borrowers with a straightforward financing need, or know the total amount needed to fund a given project or goal.
  • Rate stays the same throughout the term of the loan, and the monthly payment amount is predictable, making budgeting easier

HELOCs:

  • Borrow the amount you need as you need it during the draw period, which is the amount of time you can draw funds from your HELOC, and you'll only be charged interest on the amount you’ve used.  
  • Interest rates are variable and can fluctuate based on the market rate (Prime Rate). Your monthly payment also depends on the total amount you’ve drawn and could change month-over-month.
  • Gives borrowers the flexibility to pay-as-you-go, which can be ideal for funding ongoing projects and expenses that may not have a clear up-front dollar amount or length of time for completion.

Home Equity Loans traditionally offer lower interest rates than unsecured loans, providing a more cost-effective borrowing option. Additionally, Home Equity Loans can have longer term options, which can provide lower monthly payments.

  • There are no restrictions on how the funds can be used, therefore you can use it to fund whatever your goals may be.
  • Consolidate and pay off high-interest debts
  • Make home improvements
  • Fund life events, such as college tuition or wedding expenses
  • Put a down-payment on a second home
  • Experience your dream vacation   
  • And more 

TruStage™ Home Insurance Program

First Harvest Credit Union members may qualify for potential savings on home insurance with our partners at TruStage.

The TruStage™ Home Insurance Program helps you protect your house — and everything in it — with coverage underwritten by Liberty Mutual Insurance®, including:

  • Potential savings for First Harvest Credit Union members* 
  • Coverage for damage or loss due to fire, weather, theft and more
  • 24/7 claims, even on holidays

Get a free quote today and help make sure the place you call home has the protection it deserves.

Debt Protection

Members can gain real peace of mind when they add an extra layer of protection with Member’s Choice Borrower Security.

Our Member's Choice™ Borrower Security offers payment protection that can cancel or reduce repayment of the principal and interest owed, in the event of disability, loss of life and even involuntary unemployment. 

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1.Rate effective as 11/01/2024 and are subject to be cancelled, extended, or changed without notice. APRs shown are for $200,000 maximum 1st lien loan amount with a maximum 90% LTV. APRs are determined by an evaluation of applicant credit, collateral valuations, length of term, loan amount, and other considerations. Your rate may vary from the rates shown. Homeowners Insurance and Flood Insurance, if applicable, are required. Title insurance is required for loans over $100,000. Sample Monthly Payment: $19.50 for every $1,000 borrowed at 6.24% APR at 60 months (90% LTV). If the Home Equity Loan is paid and closed in the first 3 years, the borrower will be responsible for reimbursing First Harvest Credit Union for all third-party costs paid at closing. Offer is subject to cancellation or change without notice. Membership restrictions apply. Equal Opportunity Lender.

2. Rates and program eligibility are determined by an evaluation of applicant credit, collateral valuations, length of term, loan amount, and other considerations. Membership restrictions apply. If the Home Equity Loan is paid and closed in the first 3 years, the borrower will be responsible for reimbursing First Harvest Credit Union for all third-party costs paid at closing. Offer is subject to cancellation or change without notice.

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