Home Equity and Second Mortgages

You've already invested in your home. It's time your home returned the favor. With a Home Equity Loan from Essential FCU, you will be able to get cash out of your home to consolidate your debts, fund a home improvement project, or for any purpose. You could get up to 95% of the value of your home!

Essential FCU's Home Equity Line of Credit features:

  • Convenient VISA GOLD card for transactions
  • Line of credit amount up to $100,0003
  • Minimum line of credit amount of $15,000
  • No Cash Advance Fees and No Prepayment Penalties

You could borrow up to $100,000 with a Home Equity Line of Credit. You'll always have access to the money in your Home Equity Line of Credit with your Gold VISA card to use for transactions anywhere you see the VISA logo. Plus, there are never any cash advance fees!

HOME EQUITY LINE OF CREDIT

  • Borrow up to 95% of the value of your home
  • Credit Limit of up to $100,0003
  • Minimum loan amount $15,000
  • Interest rate is based off the current prime rate, minus .15 with a minimum floor rate of 5.50%5
  • Free ePAL Home Banking and Bill Payer
  • Interest may be tax deductible4
  • Convenience Checks & Gold VISA Card

SECOND MORTGAGE LOAN

  • Low fixed rates with a variety of terms (up to 20 years)*
  • Borrow up to 95% of the value of your home2
  • Free ePAL Home Banking and Bill Payer
  • Interest may be tax deductible4

Quick and easy application process
Apply Now, get pre-approved, check rates or call us at 888.369.2207.

2Second Mortgage: Essential FCU will lend up to 95% of the value of the home.
3Home Equity Line of Credit: Essential FCU will lend up to $100,000. Depending on the Loan-To-Value of the home.
4Consult a professional tax advisor.
5The Annual Percentage Yield (APY) for a Home Equity Line of Credit is .15% below Prime with a floor of 5.5%; The APY for Second Mortgages are determined by creditworthiness.