Second mortgage loan highlights:

• Eligible loans may not require a full appraisal with an accepted AVM
• Primary residences only
• Fixed-rate term structures of 10, 15, 20, or 30 years
• Up to 85% of the home value (CLTV) Combined Loan to Value, including first mortgage
• Minimum loan amount of $50,000 up to $500,000

Borrower Benefits

• Immediate access to funds
• Additional spending options
• Lump-sum disbursement
• Interest may be tax-deductible
• Fixed interest rates and monthly payments
• Can be used to consolidate debt, pay for college tuition, etc.
• Potential savings on interest and lower monthly payments when used to retire expensive debt

We also offer home equity lines of credit that are variable with the prime rate with a few program highlights:

• Credit line amounts from $50,000 to $500,000
• Up to 90% of the home value (CLTV) Combined Loan to Value, including first mortgage
• Primary Residence Only
• Can be used in first position for free-and-clear properties
• 10-year draw period; 20-year fully amortized repayment period.  10-year interest-only during the draw period
• Credit Union membership is required at no cost

Borrower Benefits

• Immediate access to funds
• Additional spending options
• Lump-sum disbursement
• Interest may be tax-deductible
• Ability to pay off and reuse while re-amortizing payments based on the loan balance
• Can be used to consolidate debt, pay for college tuition, etc.
• Potential savings on interest and lower monthly payments when used to retire expensive debt