Home Equity Loans
A home equity loan is the ideal way to use the equity you've built up in your home for a variety of purposes. You can use the funds for college expenses, bill consolidation, purchasing a vehicle, modernizing a kitchen, and more!
At Neighbors, we make loans work for you, not the other way around. That's why all our home equity loans have:
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No closing costs*
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No prepayment penalties*
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Borrow up to $150,000
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No appraisal fees or balance transfer fees
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Tax deductible interest (consult your tax advisor)
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.
*Certain 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.
