*Home Equity Line of Credit (HELOC) has a variable rate feature. Borrower must meet specific underwriting criteria to obtain the advertised rate of Wall Street Journal Prime (index) minus 0.5%; a FICO score 740 or greater, a combined loan-to value (CLTV) ratio of 80% or less, debt-to-income (DTI) ratio of 43% or less and minimum loan amount $10,000. For loan amounts $50,000 or more and applications taken by July 31, 2023, borrowers that meet the above underwriting criteria are eligible for an additional 0.5% reduction from the advertised Wall Street Journal Prime (index) for a total promotional rate of Wall Street Journal Prime (index) minus 1.00%. Not all applicants will qualify for promotional rate and are encouraged to apply for other available HELOC products with First Federal Lakewood. Your annual percentage rate (APR) may vary and may be higher depending on credit score and loan-to-value (LTV) ratio. The maximum APR is 21%. During the first 120-months (the ‘draw’ period), advances of credit may be taken. Your minimum periodic payment due will be equal to the accrued interest as of the close date of the billing period. After the draw period, advances are no longer permitted and repayment of the outstanding balance must be paid over the next 120-months. Annual fee $50. An appraisal is required. Property insurance is required and flood insurance may be required. Eligible properties must be owner-occupied/primary residences within the state of Ohio and Michigan. All loans are subject to credit and underwriting approval. Promotional rate is available to new customers who don’t currently have a Home Equity Line of Credit with First Federal Lakewood. Existing customers may be eligible for the promotion, please contact the branch for details. Other fees and restrictions may apply. Offer available for a limited time and is subject to change without notice.