CSE Credit Union Home Equity Loan

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).

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.

What home equity loan rates does CSE Credit Union Home Equity Loan offer?

CSE Credit Union Home Equity Loan offers home equity loans with a fixed APR that ranges from 5.75% up to 7.99%.

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, which makes this rate even more attractive.

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.