Home Equity Loan

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Account Description
  • A fixed-rate term loan secured by the equity in your home*
  • Borrow up to 90% of the appraised value of your property, less any other loans on the property
  • Loans available for as little as $5,000
  • Repayment terms of up to 20 years
  • NO Annual Fee
  • Fixed rate makes it easy to budget payments
  • Interest may be tax deductible**
  • NO Application Fee (for certain loans, an appraisal fee may be required)
Account Features
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First Federal of Lakewood will accept loan applications from ALL counties within the state of Ohio.
*Property must be owner-occupied, primary residence
**Consult your tax advisor regarding deductibility of interest