1 more

Last Updated: 04/18/2025

Cobalt Credit Union Home Equity Loan

from Cobalt Credit Union

Last Updated: 04/18/2025

No Reviews Yet

This product has no reviews yet. Help others by sharing your thoughts.

Be the first to rate

Explore a similar product

Try this top product in Home Equity Loans

AmeriSave Home Equity Loans

Strongly recommended25 reviews

Visit Site

Compare All Home Equity Loans

Filter & compare all your options in one place.

View All Products

Highlights

Credit Score Range

N/A

Amount Range

$10,000 - $250,000

Maximum LTV

100%

Loan Term (Years)

Up to 5

Cobalt Credit Union Home Equity Loan Review

Cobalt Credit Union Home Equity Loan is offered by Cobalt Credit Union (NMLS #421370), a credit union founded in 1946 and based in Papillion, NE. Cobalt Credit Union Home Equity Loan are available in 2 states.

Key Takeaways

Only primary residences considered. Cobalt Credit Union Home Equity Loan does not offer financing for vacation homes or investment properties.
Origination fees of $400.00 to $1,000.00.
High maximum LTV ratio. Cobalt Credit Union Home Equity Loan 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 Cobalt Credit Union Home Equity Loan.

Cobalt Credit Union Home Equity Loan Pros & Cons

Pros

Cons

No prepayment penalty.

Charges an origination fee.
Only available in 2 states.

Cobalt Credit Union Home Equity Loan FAQ

How much can you borrow with a Cobalt Credit Union Home Equity Loan home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.

Cobalt Credit Union Home Equity Loan allows borrowers to apply for home equity loans of up to $250,000.00. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

What are the home equity loan requirements of Cobalt Credit Union Home Equity Loan

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 Cobalt Credit Union Home Equity Loan charge for a home equity loan?

Cobalt Credit Union Home Equity Loan may charge a loan origination fee of $400.00 to $1,000.00.

What types of property can you use as security for a home equity loan with Cobalt Credit Union Home Equity Loan?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Cobalt Credit Union Home Equity Loan will consider loans secured by the following property types:

Primary home.

Is Cobalt Credit Union a legit company?

Cobalt Credit Union was founded in 1946, it is a well-established company that has been in business for 80 years.

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

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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

7148 Towne Center Parkway

Papillion, NE 68046

(800) 228-0392

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

Other Services by Cobalt Credit Union

Business Checking Accounts

3 products

Be the first to rate

CD Accounts

6 products

Be the first to rate

Checking Accounts

3 products

Be the first to rate

Money Market Accounts

6 products

Be the first to rate

Savings Accounts

6 products

Be the first to rate

Business Credit Cards

Be the first to rate

Credit Cards

6 products

Be the first to rate

Auto Loans

3 products

Be the first to rate

Personal Loans

Be the first to rate

Home Equity Lines of Credit

Be the first to rate

SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.