Variable Rate Home Equity Loan

Account Description
  • The equity in your home secures this adjustable rate installment loan
  • You may borrow up to 90% of the appraised value of your home, less any other loans on the property*
  • Annual rate adjustments are kept manageable with maximum range of 2% each year and 6% during the life of the loan
  • Automatic payment option saves you time
  • A no-fee option keeps costs low
  • Low application fee (non-refundable)
  • Lower initial rate saves money
  • Now featuring a 5/1 ARM Option as well, with a maximum term of 30 years.
Account Features
Account Disclosure/Statements
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First Federal of Lakewood will accept loan applications from ALL counties within the state of Ohio.
*Subject to credit approval