Home Equity Loans

Think All Home Equity Loans Are The Same? Don’t Bank On It.

How can a faceless corporation understand what you and your family need? At Neighbors, our people build home equity loans to fit the unique needs and lives of our members. From college expenses to bill consolidation, from buying a car to upgrading a kitchen, home equity loans offer a great way to use the equity in your home you’ve worked so hard to build. All in a friendly, smaller environment that reminds you of, well…a home itself.

At Neighbors, you’re working with a lender you can trust to recommend the right thing for you. That's why all our home equity loans have:

• No closing costs¹
• No prepayment penalties¹
• Borrow up to $150,000
• No appraisal fees or balance transfer fees
• Tax deductible interest (consult your tax advisor)

Get your home equity loan today. And get ready to live.

Home Equity Line of Credit

Get extra cash or consolidate debt with a special Home Equity Line of Credit (HELOC) at 2.95% APR* that is fixed for one year! After which, our rate adjusts once a year - unlike other financial institutions that frequently change rates…while increasing your payments.

You can use the funds to finance education expenses, tax payments, debt consolidation, home remodeling, a last-minute vacation or anything you choose!

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Home Equity Options

Which is right for you: a line of credit or loan? It depends a lot on why you want to tap in to your home equity in the first place - and what your plans are for paying it back. At Neighbors, we believe your home equity can make big dreams come true. It’s all about having a plan, before you ever sign the dotted line. Let’s dream, together.

• Line-of-credit: access this revolving line of credit (up to 90% of your equity) anytime you need it, including with free checks and online advances.
• Closed End: apply for a specific one time amount (up to 90% of your equity) and payments won't change for the life of the loan.

Apply For A Loan

There are several easy ways to apply for a Neighbors Credit Union loan.

• Online - Apply online and receive a response in seconds.
• Phone - Call 1-888-207-5363 anytime of day, seven days a week.
• Fax - Pick up a loan application from one of our locations and fax it to 314-892-9839.
• Branch - Visit one of our locations and speak with a Member Service Representative.

        Learn More        ECOA Information

¹Certain restrictions apply. Subject to credit qualifications. Membership eligibility required. $5,000 minimum loan. If loan is paid off and closed within 24 months from opening of loan, member must reimburse the credit union for fees paid.
 

*APR=Annual Percentage Rate. Rates are variable and accurate as of 10/01/11. Introductory rate is applicable for first year of loan. Rate is subject to change and is subject to credit qualifications. No additional discounts. Had there not been a rate discount, the applicable rate would have been 5.50% APR. The APR will adjust annually during the life of the loan based on the Prime Rate published in The Wall Street Journal, plus a margin that is based on creditworthiness. Maximum APR is 15.0%. If loan is paid off and closed within 24 months from opening of loan, member must reimburse the credit union for fees paid. Consult a tax advisor concerning tax-deductibility. Refinancing of current Neighbors Credit Union HELOCs is ineligible. Other rates and terms available. Restrictions apply. Membership eligibility required. Contact Neighbors Credit Union for details.