You are leaving our site

You are now leaving the FirstLight Federal Credit Union website. The Credit Union is not responsible for the privacy practices or the content of other websites. In no event will the Credit Union be liable for problems arising from the use of the FLFCU website to link to other websites, including but not limited to computer viruses, loss of data, delay in operation, transactions conducted between the third party and the member, and transmission or loss of privacy.

Click here to Continue
Click here. We're here to help!
H, I, J

Hazard Insurance: Insurance to protect the homeowner against physical damage to a property from fire, wind, vandalism and other hazards.

Home Equity Line of Credit (HELOC): A type of home equity loan that allows the homeowner to access the loan money with checks or a credit card as needed.

Home Equity Loan: A loan based on the difference of the amount of equity paid on a home and the home’s current market value.

Homeowners Association: A group of homeowners within a defined community, neighborhood or complex who make decisions, pay to maintain and repair land and common areas and/or enforce community rules and covenants.

Homeowners Insurance: An insurance policy on a house and its contents that combines liability coverage and hazard insurance.

Home Warranty: A guarantee for certain features of a new home, such as the materials, workmanship and main components.

Home Inspection: A professional opinion of the structural soundness of a property.

Housing Ratio: The maximum percentage of a borrower’s gross monthly income that can be used to make the monthly mortgage payments. Also called “front-end ratio.”

Interest Rate Lock-In: A written guarantee that a buyer will receive a specified interest rate from a lender, provided the loan closes within a set period of time.

K. L, M, N, O

Top