Home Equity Loans & Lines

We make it easy to use the equity in your home.

With our Home Equity Loan or Home Equity Line of Credit (HELOC) you have the financial flexibility to make your dreams and ideas a reality.

  • Home improvement
  • Solar panel financing
  • Tuition
  • Vacation
  • Build your business
  • Debt consolidation

With rates at historical lows, now may be the best time to consolidate your debts into a single payment and lock in today’s low rates.

With our line of credit you are in control.  You can quickly access your line of credit by simply writing a check, and you only pay interest on the amount you borrow. It costs nothing if you don’t use it, but it’s there when you need it.

Unlike most consumer loans, interest paid on Home Equity Loans and Home Equity Lines of Credit may be fully tax deductible. However, you should always consult your tax advisor regarding the deductibility of interest.

Loan Rates

Home Equity Loan (Second Mortgage)

  • Low fixed rate loan
  • Fixed loan amount
  • Fixed term
  • Equal monthly payments
  • No closing costs

Home Equity Line of Credit

  • Revolving line of credit
  • Borrow as much as you need, when you need it
  • Only make payments on what you borrow
  • An affordable way to finance major purchases
  • No annual fee
  • No closing costs

Family Federal takes great pride in offering the best Home Equity Lines of Credit in the communities surrounding our branches in Fitchburg, Needham and Stow.