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Products and Services - Consumer Loans

Consumer Loans

Home Equity Loans

For current rates and terms, click here.
  • Fixed interest rate loan
  • Up to 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
  • Borrow up to 90% of the certificate balance
  • A non-retirement certificate of deposit (CD) is held as collateral
  • Your CD continues to earn interest and after the loan is paid in full, you still have your original CD balance on deposit with us
  • Share loans are approved at each branch location and settlements can occur within a couple of days

Share Loan Line of Credit

  • Establish a credit line up to 90% of the certificate balance
  • Simply write a check or complete an Internet Banking transfer to access your LOC
  • 10-year line of credit term
  • Adjustable rate, the rate is always 2% over your current CD interest rate
  • A non-retirement certificate of deposit (CD) is held as collateral
  • Your CD continues to earn interest and after the loan is paid in full, you still have your original CD balance on deposit with us
  • Share loans are approved at each branch location and settlements can occur within a couple of days

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.

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First Shore Federal | 106 S. Division St., Salisbury MD 21801 | 410-546-1101
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