**Valid on Fixed HE Loans only. Government recording fee and appraisal fee will be held in account until the loan closes. Government recording fee will be released at loan closing if borrowing between $10,000 and $49,999 in new money. Government recording fee and appraisal fee will be released if borrowing $50,000 or more in new money. Appraisal fee will not be relseased if loan is canceled for any reason or if appraisal does not meet qualifications for loan. Offer expires July 31, 2018.
Call 610-820-0145 to schedule an appointment for a Home Equity Loan.
Home Equity Loans
Would you like to finally put that addition on your home, replace your old drafty windows, consolidate debt or take a well-deserved vacation? Then spring into action with a Home Equity Loan from LVECU. There are many rates and terms available to fit your needs. Whether you're looking for a fixed Home Equity Loan or a Home Equity Line of Credit for ongoing projects, we're here to help.
Fees & Charges: There is a $50 government recording fee due at the time of application. An appraisal will be required at time of application at borrower's expense. We will give you an itemization of the fees you will be required to pay at the time of application.
Property Insurance: You must carry insurance on the property that secures your home equity loan.
Tax Deductible: You should consult a tax advisor regarding the deductibility of interest and charges for the loan.
Loan Limits: The minimum to borrow is $5,000 and there is no maximum. The amount you borrow depends on the equity in your home. The credit union may lend up to 85% of the value of your home, minus any existing liens. An appraisal will be required for all home equity loans. Terms are available for up to 20 years. If you apply for a home equity loan, we will need proof of your income, debts and home owners insurance. Loans are limited to 1 to 4 family, owner occupied, residential properties.
Loans are limited to real estate located in the following counties:
Berks, Bucks, Carbon, Lehigh, Montgomery, Northampton, and Schuylkill.
Home Equity Loan Applications now require an appointment. Please call for details.
The following employees are registered on the National Mortgage Licensing System (NMLS) as Mortgage Loan Originators (MLO):