Real Estate Loans
Home Equity
Loans booked on Credit Union – Up to 15-year financing; rate 1% above the WSJ Prime Rate, with a floor of 6%. Finance 80% of ‘sellable equity’, fixed-rate, 5-year draw period. HELOC Disclosure.
LAND
(Purchase) Loans booked on Credit Union – Up to 10 years financing, 80% appraised value, rate 1% above the WSJ Prime Rate, with a floor of 6%.
(Non-Purchase)Loans booked on Credit Union – up to 5 years financing, 80% appraised value, rate 3% above the WSJ Prime Rate. For complete information and closing costs for Real estate loans, contact the Credit Union.