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Home Equity Loans

Firefly CU helps you leverage your home's equity.

Do you have a large project or expense on the horizon? Your home can provide the equity you need for financing, and you can move forward with a quick application and closing process. For home improvements, education expenses, debt consolidation and more, you can benefit financially simply from owning your home.

Compared to banks, members save an average of $526 annually with a Firefly Home Equity Loan.
Learn more about the value of a Firefly membership.

Enjoy up to $350 off home equity loan closing costs until May 31, 2020.*

*Closing cost offer valid only on fixed-rate home equity loans and home equity line of credit (HELOC) applications received between 2/14/20 and 5/31/20 for loan amounts $25k or greater. Loan must be closed prior to 6/30/20 to receive closing cost discount. Home equity loans and HELOCs are available in select states. The variable Annual Percentage Rate (APR) for a HELOC is 4.50% to 8.50% depending on credit qualifications and LTV. Interest rate will not exceed 18% APR. Closing costs vary by state, but typically range from $50 to $1,000 (not including the cost of appraisal, if required). Typical appraisal cost is $495. In most cases, members pay little or no closing costs. All home equity loans require proof of homeowners insurance and are subject to qualifications. Equal Housing Lender.


Which Home Equity Loan works best for you?

We'll work with you to figure out if you'd benefit more from a home equity loan or a line of credit.

  Traditional HELOC4 First Equity Home Improvement
Overview Borrow up to your home's equity in one lump sum for any reason. Advance a portion of this Firefly-exclusive line of credit and keep the variable rate or lock in a fixed rate. Borrow equity, even if you own your home, at our most competitive rate. This signature loan is a great option when you need the funds, but don't have the equity. Borrow funds in one lump sum. Contact us for details.
Rates Fixed rate based on loan-to-value up to 90% Based on loan-to-value and dependent on what portion is fixed or variable Fixed rate based on loan-to-value up to 90% Fixed
Optional Payment Protection

Fixed-Rate Home Equity

APR as low as based on LTV
Effective March 25, 2020
Term Up to 80% Monthly Payment Up to 80% Up to 90% Monthly Payment Up to 90%
Up to 5 years 3.99% $18.42 4.95% $18.85
Up to 10 years 4.70% $10.46 6.00% $11.11
Up to 15 years 5.03% $7.93 6.25% $8.58

For loans secured by a first lien (First Equity) on the dwelling, the payment amount does not include amounts for taxes and insurance (if applicable), the actual payment obligation will be greater. Rates are merit-based priced and may be higher depending on credit qualifiers and Loan to Value (LTV). Proof of Homeowners Insurance is required. Monthly payments based on payment per $1,000 for rate shown above and maximum term. Home Equity loans available in select states only. Rates may be higher depending on credit qualifiers, loan term and LTV. Closing costs vary by state, but typically range from $50 to $1,000 (not including the cost of an appraisal, if required). Typical appraisal cost is $380. Property insurance is required. Equal Housing Lender.

Home Equity Line of Credit (HELOC)

APR as low as based on LTV
Effective March 25, 2020
Term Up to 80% Up to 90%
Varies 4.50% 4.50%

Home Equity loans available in select states only. The 4.50% Annual Percentage Rate (APR) is available with qualifying credit and a loan to value (LTV) of 80% or less. Higher rates apply to higher loan to values. The APR will vary based on an index. The index is the Prime Rate as published the 25th day of the month prior to the date of the interest adjustment in the Money Rates column of the Wall Street Journal. As of March 25, 2020 the variable APR for lines of credit is 4.50% - 8.50%. The rate is subject to change, but will not exceed 18%. The minimum rate is 4.50%. Closing costs typically range from $50 to $1,000 (not including the cost of an appraisal, if required). Typical appraisal cost is $495. There is an over-the-limit charge of $10. Property insurance is required. For detailed product information, please view the HELOC4 Early Disclosure.

Home Improvement

APR as low as
Effective March 25, 2020
Term APR
Term varies; ask for details 8.99%

All loans subject to normal credit approval. Rates and terms subject to change. Contact a Firefly loan officer for details. All loan rates presented for consumer loans only and not applicable to business loans.


Want to know something else?

Make your home work for you.

Great Rates

Great Rates

Save money when you access your equity
View all rates
Borrowing Options

Borrowing Options

Receive a lump sum loan or revolving line of credit
Freedom of Choice

Freedom of Choice

Fixed or variable rates available


Options available even if you don't have equity

Find the right MN Home Equity Loan.

With Firefly CU, you can leverage your home's equity as a loan or line of credit, structured in a way that allows you to maximize its value. No matter what project you have in mind, a Home Equity Loan can be the perfect solution.

Supporting Your Efforts

You make important decisions every day, so sometimes making even one more (especially a financial one) can seem overwhelming. At Firefly, we want to help guide you through those choices so you can be better equipped to decide what’s right for you and your goals. Take a look at some of the resources we have available to you to aid in your financial decision-making process.

Home Equity Loans fixed rates as low as

Did you know you could use your home's equity for more than just improvement and renovations? Ask for more information today.

First mortgage loans and home equity loans are available in select states. Ask about Payment Protection for your Firefly CU home loans. Home Improvement Loan has a maximum loan amount of $15,000 with a minimum of 75% used for home improvement purposes only. Closing costs vary by state.