Home Equity/Mortgages

Home Equity Line of Credit:

Rates Effective: 11/1/18

Home Equity Line of Credit
  • As low as 5.25%

  • Minimum of $10,000.00

  • Maximum of $300,000.00

  • 15 year term with a draw period of 5 years on the line of credit

  • Draw $10,000.00 and NO closing costs, but member will pay the mortgage tax.

  • Borrow up to 80% less first mortgage payment of your home's equitys equity.

  • CAP 18.00%.

  • Floor is Prime Rate plus a point factor based on credit worthiness. (Rate based on prime rate as published in the Wall Street Journal, the rate is adjusted quarterly). And you may borrow up to 80% of the appraisal of your home less any other mortgage.

  • Reimbursement of Credit Union closing costs is required if the loan is paid off and discharged within the first 36 months.

  • Double-wide manufactured home financing. Must be primary residence, located on own deeded lot, on a poured slab and less than 20 years old; home equity line of credit rate plus 0 APR for maximum of 15 years.

Home Equity Variable Rate Term APR*
Up to 80% LTV 180 months
as low as 5.25%

Rates effective: 11/1/18

Fixed Rate Home Equity Line of Credit

Home Equity Line of Credit Fixed Rate as low as 5.50%

Borrow up to 80% less first mortgage payment of your home's equity!

  • Minimum of $10,000.00

  • Maximum of $300,000.00

  • Term up to 15 years with a draw period of 5 years on the line of credit.

  • Draw at least $10,000.00 and NO closing costs, but member will pay the mortgage tax.

  • Reimbursement of Credit Union closing costs is required if the loan is paid off and discharged within the first 36 months.


Home Equity Fixed Rate Term APR*
Up to 80% LTV 180 months as low as 5.50%

 

 

Online Application Printable Application Financial Calculators

Mortgages

Please call our qualified Mortgage Originators for an appointment.

Cindy Douglas
Coordinator of Lending Services
MLO #1207510
877-378-6466 Ext. 110

Rob White CCUFC
Assistant Credit Union Manager/Director of Operations
MLO #803701
877-378-6466 Ext. 115

Anoel Kelly
Credit Union Manager
MLO #803606
877-378-6466 Ext. 111

The following is a list of the information you will need to bring with you when you return the completed application and would be helpful at the consultation:

  • Names, addresses, and account numbers for all creditors and depositors.

  • Pay stubs covering the most recent 30-day period.

  • W-2's for the previous two years.

  • Federal tax returns (all schedules) for the last two years

  • Two months of the most recent bank statements, for non LCU accounts, for savings, checking, and investment accounts (including retirement accounts) not held at LCU. Please include all pages of your statements.

  • Copy of separation agreement/divorce decree to verify child support and/or alimony received, supply six months payment history.

  • Name, address, and telephone number of your current landlord or twelve months of cancelled rent checks.

  • Purchase offer, signed by all parties, and seller disclosure.

For a refinance also include:

  • The abstract of title, most recent survey map, paid tax receipts, a copy of homeowner's insurance and endorsement page, a copy of current deed and a copy of the title insurance policy.

Currently the processing time to closing is approximately 8 weeks. The items listed above are required to process the loan and assure a timely closing.

Please advise us of which attorney, along with his or her phone number, you wish to use, as soon as possible.

Mortgage Rates:

Rates Effective: *** CALL FOR RATES, PROGRAMS AND DETAILS***