Neighbors Credit Union

  

Home Equity Loans

Neighbors Credit Union has a Home Equity Loan to make all your dreams come true. For example, our Home Equity Loans can be used for education and college expenses, bill consolidation, a dream vacation, new and used autos, modernizing a kitchen or bath, professional landscaping or even a swimming pool. Plus, our Home Equity Loans are some of the few loans available that give tax-deductible interest1.

Neighbors Credit Union gives you the convenience of applying for your Home Equity Loan online. The process only takes a couple of minutes to calculate equity, choose a loan type and determine term length.

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Home Equity Line of Credit Loan

• No closing costs*
• No prepayment penalties**
• Borrow up to $150,000
• Finance up to 90% of your equity
• Access your credit line with free checks
• Online advances
• Receive possible tax advantages¹

Fixed Home Equity Loan

• No closing costs*
• No prepayment penalties**
• Borrow up to $150,000
• Finance up to 90% of your equity
• Payment won't change for the life of the loan
• Receive possible tax advantages¹

Quick and Easy Home Equity Loan

• No closing costs*
• No prepayment penalties**
• Borrow up to $150,000
• Payments won't change for the life of the loan
• Fast turn-around time - loan closing within a week (in most cases)
• Receive possible tax advantages¹

7-Year Balloon Home Equity Loan

• No closing costs*
• No prepayment penalties**
• Borrow up to $150,000
• Payments won't change for the life of the loan
• Payments are amortized over 20 years
• Receive possible tax advantages¹

Take our Home Equity Survey and let us know what you think!

* Certain restrictions apply. Subject to credit qualifications. Membership eligibility required. $5000 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.  
¹ Consult your financial advisor for possible tax benefits.

 

For more information on Neighbors Credit Union Real Estate Loans, call 1-800-325-2697 and ask for the Real Estate department.