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Last Updated: 04/18/2025

Embold FCU Home Equity Line of Credit - Fixed Rate

from Embold Federal Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

90%

Minimum Draw

N/A

Loan Term (Years)

5 - 15

Embold FCU Home Equity Line of Credit - Fixed Rate Review

Embold FCU Home Equity Line of Credit - Fixed Rate is offered by Embold Federal Credit Union , a credit union founded in 1957 and based in Oak Grove, OR. Embold FCU Home Equity Line of Credit - Fixed Rate are available in 50 states and Washington, DC.

Key Takeaways

Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Embold FCU Home Equity Line of Credit - Fixed Rate does offer financing for primary and secondary homes (e.g. vacation properties).
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
High maximum LTV ratio. Embold FCU Home Equity Line of Credit - Fixed Rate has a maximum loan to value ratio of 90%.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Embold FCU Home Equity Line of Credit - Fixed Rate.

Embold FCU Home Equity Line of Credit - Fixed Rate Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.

Embold FCU Home Equity Line of Credit - Fixed Rate FAQ

How much can you borrow with a HELOC?

HELOCs are lines of credit secured by your home. Once approved, you can access funds by check, phone, credit card, or online up to your credit limit.

Borrowers can apply for lines of credit of up to $500,000. The maximum amount depends on property value, existing mortgage balance, and creditworthiness.

The maximum loan-to-value (LTV) ratio goes up to 90%. This means total debt secured by the property cannot exceed this percentage of its value. For example, on a $100,000 home with a $20,000 mortgage balance, you may qualify for up to $70k in credit.

Is there a minimum draw requirement?

No, there is no minimum draw requirement.

What fees does Embold FCU Home Equity Line of Credit - Fixed Rate charge for a HELOC?

Embold FCU Home Equity Line of Credit - Fixed Rate may charge an origination fee.

What types of property can you use as security for a HELOC with Embold FCU Home Equity Line of Credit - Fixed Rate?

Embold Federal Credit Union may consider HELOCs secured by the following property types:

Primary residences
Secondary or vacation homes

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

15099 SE McLoughlin Blvd

Oak Grove, OR 97267

(503) 656-0671

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Email Support

Hours of Operation

SundayClosedMonday9:00AM - 5:30PMTuesday9:00AM - 5:30PMWednesday9:00AM - 5:30PMThursday9:00AM - 5:30PMFriday9:00AM - 5:30PMSaturday9:00AM - 1:00PM

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SuperMoney Net Recommendation Score

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-1000+100

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