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FreeStar Financial Credit Union Go to main content
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Whether you're planning a family vacation or a home improvement project, we've go the loan solutions to fit your needs.

Which loan option is best for you?

  HELOC Personal Loan
Rate as low as 4.00% APR* (adjustable every 5 years) as low as 9.74% APR** (fixed rate)
Minimum loan amount $10,000 $300
Maximum loan amount borrow up to 95%* of the homes equity (with us) $15,000
Application Fees appraisal fee ($200-$400) none
Draw period (When will I receive my funds?) anytime within 10 years at loan closing
Repayment terms 15 years from last draw 5 years
Loan Decision after appraisal one hour
Funds Available typically 3 weeks usually same day

Learn more about:

                                 

Or call us at 586-466-7800 and we can answer your questions and get you started.

HELOC (Home Equity Line of Credit) Disclosures:
*Current FreeStar Financial mortgages can apply for a HELOC up to 95% of the homes current equity, and first lien or non-member mortgages can borrow up to 80% of the home's current equity up to $100,000 maximum loan limit. Appraisal fee for a current member mortgage is $200.  Appraisal fee for a first lien HELOC is $400. A loan of $50,000 at 4.00% APR for 180 months would have a monthly payment of $370.00. Promotional rate is subject to change at any time without notice.

Personal (a.k.a. "Signature") Loan Disclosures:
**APR=Annual Percentage Rate. Rate is “as low as” and may change based on credit history, term and other determining factors. Payment example: A fully protected loan of $5,000.00 at 9.74% for 60 months would have a monthly payment of $106.01. Members who elect credit life and credit disability coverage or who have a checking account with direct deposit are eligible for the promotional rate. Promotional rate is subject to change at any time without notice. Equal opportunity lender.

 

 

 

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