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

Assistance

Account Disclosure/Statements

First Federal of Lakewood will accept loan applications from ALL counties within the state of Ohio.
*Subject to credit approval