Last Updated: 04/18/2025
CSE Credit Union Home Equity Loan
Unaffiliated
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
Cast Your Vote
Compare All Home Equity Loans
Filter & compare all your options in one place.
Highlights
Credit Score Range
N/A
Amount Range
$40,000 - $160,000
Maximum LTV
90%
Loan Term (Years)
5 - 15
CSE Credit Union Home Equity Loan Review
CSE Credit Union Home Equity Loan is offered by Connecticut State Employees Credit Union , a credit union founded in and based in Hartford, CT. CSE Credit Union Home Equity Loan are available in 50 states and Washington, DC.
Key Takeaways
- Only primary residences considered. CSE Credit Union Home Equity Loan does not offer financing for vacation homes or investment properties.
- No-closing-cost mortgages available. This option allows you to include the closing costs into the new loan, so you don't pay for these expenses upfront.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- No origination fees. CSE Credit Union Home Equity Loan does not charge fees for processing your application.
- High maximum LTV ratio. CSE Credit Union Home Equity Loan has a maximum loan to value ratio of 90%.
CSE Credit Union Home Equity Loan Pros & Cons
| Pros | Cons |
|
|
CSE Credit Union Home Equity Loan FAQ
How much can you borrow with a CSE 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.
CSE Credit Union Home Equity Loan allows borrowers to apply for home equity loans of up to $160,000. 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 CSE Credit Union Home Equity Loan
This lender's maximum loan to value rate is 90%. That means the total debt secured by the property cannot exceed 90% 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 $70k.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate. However, CSE Credit Union Home Equity Loan does not charge an origination fee.
What fees does CSE Credit Union Home Equity Loan charge for a home equity loan?
Good news. CSE Credit Union Home Equity Loan does not charge a mortgage origination fee.
Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
What types of property can you use as security for a home equity loan with CSE Credit Union Home Equity Loan?
Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. CSE Credit Union Home Equity Loan will consider loans secured by the following property types:
- Primary home.
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.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed