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Last Updated: 04/18/2025

Bison Federal Credit Union Second Mortgage

from Bison Federal Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

100%

Loan Term (Years)

Up to 15

Bison Federal Credit Union Second Mortgage Review

Bison Federal Credit Union Second Mortgage is offered by Bison Federal Credit Union , a credit union founded in 1951 and based in Shawnee, OK. Bison Federal Credit Union Second Mortgage are available in 50 states and Washington, DC.

Key Takeaways

Only primary residences considered. Bison Federal Credit Union Second Mortgage does not offer financing for vacation homes or investment properties.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
High maximum LTV ratio. Bison Federal Credit Union Second Mortgage has a maximum loan to value ratio of 100%.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Bison Federal Credit Union Second Mortgage.

Bison Federal Credit Union Second Mortgage Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.

Bison Federal Credit Union Second Mortgage FAQ

What are the home equity loan requirements of Bison Federal Credit Union Second Mortgage

This lender's maximum loan to value rate is 100%. That means the total debt secured by the property cannot exceed 100% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $80k.

Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Bison Federal Credit Union Second Mortgage charge for a home equity loan?

Bison Federal Credit Union Second Mortgage may charge a loan origination fee

What types of property can you use as security for a home equity loan with Bison Federal Credit Union Second Mortgage?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Bison Federal Credit Union Second Mortgage will consider loans secured by the following property types:

Primary home.

Is Bison Federal Credit Union a legit company?

Bison Federal Credit Union was founded in 1951, it is a well-established company that has been in business for 75 years.

Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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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

2 W MacArthur St

Shawnee, OK 74804

(405) 275-5014

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

9:00AM - 5:00PM

Tuesday

9:00AM - 5:00PM

Wednesday

9:00AM - 5:00PM

Thursday

9:00AM - 5:00PM

Friday

9:00AM - 5:00PM

Saturday

Closed

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SuperMoney Net Recommendation Score

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-1000+100

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