Home Equity Loans
Home Equity Loans From Neighbors. Helping Your Home Bring More To Your Life.
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 of our fixed and line-of-credit 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)
Why have your home equity loan through us? Because our rates are low, our approach is personal and we take the time to understand your needs. Home Equity Loans from Neighbors. Helping your home bring more to your life.
How Much Can I Save By Refinancing?
Want to see how much you could save by refinancing your home equity loan with us? Click here to calculate your potential savings.
Home Equity Line of Credit (HELOC)
With a Home Equity LIne of Credit (HELOC), you can acess this revolving line of credit (up to 90% of you equity) anytime you need it, including with free checks and online advances. This loan is ideal for you if you plan on accessing your funds for varying amounts at varying times. You can use the funds to finance debt consolidation, home remodeling, wedding expenses, a last-minute vacation or anything you choose!
HELOC Special
Get extra cash or consolidate debt with our HELOC special Home Equity Line of Credit. Rates are as low as 2.95% APR* and fixed for one year! After which, our rate adjusts once a year - unlike other financial institutions that frequently change your rates and increase your payments.
Home Equity Closed End
With a Home Equity Closed End loan, you can apply for a specific one time amount (up to 90% of your equity) and payments won't change for the life of the loan. This loan is ideal for you if you know exactly how much you need and only require a one-time payout. In return, your payments will be a fixed amount over set period of time, giving your budget more stability.
Pay Off Mortgage Before You Retire: 8 and 12 Year Refinances Available
At Neighbors, we believe your home equity can make big dreams come true - including retiring without mortgage payments. With this special first-lien loan, you can take advantage of historically low rates and refinance your existing mortgage without paying for closing costs. It’s all about having a plan, before you ever sign the dotted line. Let’s dream, together.
- Low, fixed rate currently as low as 3.25% APR3 for 8 years
- Low, fixed rate as low as 3.50% APR3 for 12 years
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.
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.
2APR=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.
3APR=Annual Percentage Rate. The APRs shown are the lowest available. Rates and terms subject to credit qualifications, other factors and can change at any time. Rate is for a Home Equity Closed End Fixed Rate First Lien loan. Refinancing of existing Neighbors Credit Union loans ineligible unless an additional advance of at least $40,000 is taken. Rate includes .25% discount for checking and direct deposit and an additional .25% off for 80% or less loan to volume. 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. Additional rates and terms are available. Membership eligibility required. Restrictions apply. Contact credit union for full details.
