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LOAN PRODUCTS
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The information at this site is provided for INFORMATIONAL PURPOSES ONLY and is subject to CHANGE WITHOUT NOTICE. Please call to confirm information.
When it comes to loan products, First State FCU outperforms the competition by offering low-interest rates, flexible terms, and quick approval and pre-approvals.
Our knowledgeable loan staff, known for personal attention, is working hard for you and your best interests. They will advise you of current loan promotions and of the many cost-saving loan products available including our extended warranty auto protection, credit life and disability insurance, and gap insurance.
If you
are a
first-time
borrower,
we will
need a
completed
loan
application.
Applications
are
available
by
calling
our
office.
The
application
can be
returned
by mail,
fax, or
in
person.
Once
your
application
is on
file,
future
loan
requests
can be
processed
by
updating
your
information
over the
phone
with one
of our
loan
officers If
you live
outside
the
state of
Delaware,
faxing
your
application will expedite the loan process.
You can apply for any type of loan during our regular business hours, Monday through Friday 9 a.m. to 5 p.m. (EST).
If
you
are
in
the
market
for
a new
or
used
car
or
truck,
you
can
save
MONEY
and
TIME by
calling
the
Motor
Vehicle
Certification
Program
at 1-800-345-0990.
MVCP
is a
no
cost
benefit
provided
to
you
by
FIRST
STATE
F.C.U.)
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NEW
VEHICLE
(includes
motorcycles)
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YEAR |
TERMS |
AMOUNT
FINANCED |
APR* |
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2007 |
Up to 60
months |
100% Retail
Value |
6.50% to
13.75% |
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or 2006,
never
registered, |
72 months
(over
$15,000) |
100% Retail
Value |
7.00% to
14.25% |
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with less
than 6,000
miles. |
84 months
(over
$25,000) |
100% Retail
Value |
7.00% to
14.25% |
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96 months
(over
$30,000) |
100% Retail
Value |
7.25% to
14.50% |
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USED
VEHICLE
(includes
motorcycles)
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YEAR |
TERMS |
AMOUNT
FINANCED |
APR* |
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2002 or newer |
Up to 60
months |
100% NADA
Retail Value |
6.50% to
13.75% |
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1997 - 2001 |
Up to 36
months |
100% NADA
Retail Value |
8.50% to
15.75% |
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For
current
rate
please
call
302-674-5281
or toll
free
1-800-426-1175 |
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For
current
rate
please
call
302-674-5281
or toll
free
1-800-426-1175 |
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13.9% APR |
No annual
fee. |
Credit limit
as high as
$15,000. |
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25 day grace
period on
purchases. |
No cash
advance fee. |
Free
$250,000
travel
insurance. |
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9.8% APR on
cash
advances |
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and balance
transfers. |
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10.9% APR |
No annual
fee. |
Credit limit
as high as
$15,000. |
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25 day grace
period on
purchases. |
No cash
advance fee. |
Free
$500,000
travel
insurance. |
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9.8% APR on
cash
advances |
Worldwide
protection. |
Auto rental
insurance at
no |
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and balance
transfers. |
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additional
cost. |
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8.9% APR |
No annual
fee. |
Credit limit
as high as
$20,000. |
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25 day grace
period on
purchases. |
No cash
advance fee. |
Free
$1,000,000
travel
insurance. |
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8.9% APR on
cash
advances |
Worldwide
protection. |
Auto rental
insurance at
no |
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and balance
transfers. |
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additional
cost. |
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FIRST
AND
SECOND
MORTGAGE
OPTIONS |
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First State Federal
Credit Union has
partnered with GMAC
Mortgage Corporation
to provide a wide
variety of mortgage
products to our
members. GMAC
offers:
-
First Mortgages
-
Refinancing
-
Fixed Rate Home
Equities
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2nd
Homes
-
Investment
Properties
-
Multi-Family
Dwellings
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Lot Loans
-
Construction
Loans
-
Manufactured
Home Loans
Available programs
include: 0% down
payment, FHA, VA
Delaware State Bond,
30 and 15 year fixed
rate and a variety
of ARM products
including interest
only ARMs.
For more
information and
details of which
program would best
fit your needs,
please contact a
loan officer today
and we will get you
on the road to that
dream house.
Free mortgage
counseling and
pre-approvals are
available. |
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HOME EQUITY Line-of-Credit
Paying for college, doing some home renovations or just planning the vacation you've always dreamed of? A home equity loan could be the answer for you. Home Equity second mortgages are available in all 48 adjacent states.
The maximum loan amount is $150,000 with terms of up to 180 months. Our rates are always extremely competitive. We offer a fixed rate loan and a line-of-credit. Fixed rates are listed in the above chart. Our line-of-credit is currently indexed to prime rate +
1. The loan interest paid on a home equity loan is tax deductible in most cases. As always, consult your tax advisor.
AUTO EQUITY LOAN
You've finally reached a status in life where you can afford the car you wanted when you were a teenager. Go ahead, indulge yourself! We'll make the deal even sweeter by providing financing that will help you maximize your potential for tax deductibility. Our Auto Equity Loan is processed as a home equity loan, but without all the expense. Call a loan officer for more details on this member courtesy loan..
MODULAR HOME LOAN
Manufactured housing includes panelized, prefab, modular, double-wide or section housing that is built in a manufacturing plant and shipped in components to a home site for assembly on a permanent foundation. Due to the popularity of this process in Delaware, we are making this loan product available. If you live outside the state of Delaware, give our Mortgage Specialist a call, and we will give every consideration to finance your purchase.
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PERSONAL
LOANS /
OVERDRAFT
PROTECTION
Credit
lines up
to
$15,000.00
11.90%
to
18.00%
SHARE
SECURED
Maximum
term of
120
months.
Rate
indexed
to
current
share
account
APR +
3.00%
CLASSIC
AUTO
LOANS
Maximum
term of
36
months.
9.50% to
16.75%
80%
financing
of CPI
high
value.
NEW
and USED
RECREATIONAL
VEHICLE
LOANS
(We
also
finance
big boy
toys,
i.e.
ATVs,
water
sport
vehicles)
Maximum
term of
120
months
New Auto
APR +
2.00%
85%
Retail
Value
FEDERAL
STAFFORD
STUDENT
LOANS
Subsidized
and
Unsubsidized
Call the
office
for
information.
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*Call the CU office for current rates and to request pre-approvals for mortgages and auto loans. Credit counseling is also available. Our experienced staff can provide additional information on loan products.
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