Consumer Loans
Home Equity Loans
For current rates and terms, click here.- Fixed interest rate loan
- 3-15 year loan terms available
- No closing costs
- Loan is based on the available equity in your home and other qualifying criteria
- Interest may be tax deductible - consult your tax advisor regarding deductibility of interest
Home Equity Lines of Credit
- Can be used to pay off credit cards, automobile purchases, education expenses or for anything else you need
- 15-year line of credit term
- Adjustable rate, revolving line of credit
- Loan is based on available equity in your home and other qualifying criteria
- Interest may be tax deductible - consult your tax advisor regarding deductibility of interest
Share Loans
- $500 minimum loan amount
- Borrowing limits range from 80 - 90% of passbook savings or certificate balance
- A non-retirement certificate of deposit or passbook savings is held as collateral
- Your passbook savings or CD continues to earn interest at their current rate
- Share loans are approved at each branch location and settlements can occur the next day
If you would like to receive additional information about these loans or any services offered at First Shore Federal, please write to us at: PO Box 4248, Salisbury MD 21803-4248 or send us an e-mail. Or feel free to visit any of our convenient branch locations.
