Whether you’re looking to pay off debt, renovate your home, finance your teen’s college, or something else - you can obtain a home
A home equity loan allows you to essentially borrow the money you’ve already invested in your home. These loans allow you to receive a large sum of money quickly without being crippled by high-interest rates. At Altura Credit Union, you can borrow up to $150,000 for a home equity loan.
Home equity loans are available for owner-occupied, one- to four-family units but exclude manufactured and mobile homes. You can use them for a variety of reasons. It’s up to you!
More great reasons to choose home equity loans:
If you have any questions about home equity loans, contact Altura Credit Union by calling (888) 883-7228.
|Home Equity Line of Credit Owner Occupied||-||6.000%||6.025%||4.750%||1.250%|
|Home Equity Closed-End Loans Owner Occupied||5.70%||-||5.72%||-||-|
|First Mortgage Loans||-||-||-||-||Call (866) 571-5076 for Current Rates|
^ Fees apply and will include a processing, flood, title insurance, property appraisal and escrow fee. A membership fee applies for applicants who are not currently a member of Altura Credit Union. Loan rate...
^ Fees apply and will include a processing, flood, title insurance, property appraisal and escrow fee. A membership fee applies for applicants who are not currently a member of Altura Credit Union. Loan rates reflect our Best Rates and may be higher depending on individual credit rating and account history.
^^ Variable Rate indexed to the Prime Rate
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The application will ask you questions about the home and your finances and should take less than 20 minutes.
The maximum percentage of your home’s value depends on the purpose of your loan, how you use the property, and the loan type you choose, so the best way to determine what loan amount we can offer is to complete our online application!
The most important documents you will sign at closing are the note and mortgage, sometimes called the deed of trust. Unless there are special circumstances, these documents are usually prepared one to two days before your closing. Other documents are prepared by the closing agent the day before or the day of your closing. If you would like copies of the completed documents to be sent to you after they are prepared, please contact your Mortgage Loan Officer.
Automated monthly payments are available. At the loan closing, an automated payment application will be provided. Simply return it at your earliest convenience to enroll in the automated payment program.