Wherever you are, USA Credit Union has a variety of home loans to meet your needs.
USA Credit Union offers both a fixed-rate, fixed-term Home Equity Loan and a variable-rate line of credit that allow you to borrow money based on the value of your home. You can use your home's equity for virtually any financial need. From home improvement projects and vacations to bill consolidation and college tuition, our Home Equity Loan and Home Equity Line of Credit can give you the financial boost you need. And since interest may be tax deductible, it's a great way to finance any purchase - even a new car. Plus you will receive a highly competitive rate.
And don't forget to protect your family and your credit rating with Loan Protection Insurance
If you have a set amount you need to borrow and want to know exactly what your monthly payments will be over the term, try a Home Equity Loan from USA Credit Union. With its low fixed rate and fixed term, you'll know precisely what your monthly payments will be.
- Borrow up to 90% of the appraised or assessed value of your home less the outstanding mortgage balance.
- Enjoy low fixed rates
- Enjoy no payments for the first 60 days*
- Choose from terms up to 15 years
- Five-year balloon Home Equity Loans are also available. It has a low fixed
rate, and your payments are amortized over 240 months to give you an even
lower payment.
*Offer based on credit score. Some members
may not qualify.
Equity Line is an open-ended, variable-rate line of credit that lets you borrow
up to 90% of your home's appraised or assessed value less the outstanding mortgage balance. Plus, Equity Line offers a rate that's lower than
many other loans.
Once you're approved, you can use your Equity Line to borrow money on an as-needed basis. It's always there for you for unexpected expenses, vacations or anything that you need. Your line of credit is available for 15 years, and you'll never pay a penny of interest until you take an advance. As you repay funds, they become available again for you to borrow.
Equity Line is flexible and easy to use:
- Write special Equity Line checks to pay for purchases, or deposit them into your USA Credit Union checking account
- Use OnLine USA or Unicall to transfer Equity Line funds to your USA Credit Union checking account
USA Credit Union pays the processing costs of your Home Equity Loan or Equity Line. This applies to Home Equity Loans under $150,000, with an existing first mortgage, and when a formal appraisal is not required.
No matter where you live in the United States, we can help you purchase a new home or refinance your current home. We offer a variety of mortgage options, all with very competitive low rates and convenient service.
Click here for additional details or to apply for your mortgage online.
If your home could use a makeover, our Home Improvement Loan may be the prefect solution. With terms up to 60 months and low rates, you'll have your house looking good in no time.