Is Diamond Credit Union First Lien Home Equity Loans the right fit for you?

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Last Updated: 04/18/2025

Diamond Credit Union First Lien Home Equity Loans

from Diamond Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

85%

Loan Term (Years)

10 - 20

Diamond Credit Union First Lien Home Equity Loans Review

Diamond Credit Union First Lien Home Equity Loans is offered by Diamond Credit Union , a credit union founded in 1947 and based in Pottstown, PA. Diamond Credit Union First Lien Home Equity Loans are available in 50 states and Washington, DC.

Key Takeaways

Only primary residences considered. Diamond Credit Union First Lien Home Equity Loans 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. Diamond Credit Union First Lien Home Equity Loans has a maximum loan to value ratio of 85%.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Diamond Credit Union First Lien Home Equity Loans.

Diamond Credit Union First Lien Home Equity Loans Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.

Diamond Credit Union First Lien Home Equity Loans FAQ

What are the home equity loan requirements of Diamond Credit Union First Lien Home Equity Loans

This lender's maximum loan to value rate is 85%. That means the total debt secured by the property cannot exceed 85% 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 $65k.

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

What fees does Diamond Credit Union First Lien Home Equity Loans charge for a home equity loan?

Diamond Credit Union First Lien Home Equity Loans may charge a loan origination fee

What types of property can you use as security for a home equity loan with Diamond Credit Union First Lien Home Equity Loans?

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

Primary home.

Is Diamond Credit Union a legit company?

Diamond Credit Union was founded in 1947, it is a well-established company that has been in business for 79 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

1600 Medical Dr

Pottstown, PA 19464

(610) 326-5490

Email Support

Hours of Operation

SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 7:00PMFriday9:00AM - 6:00PMSaturdayClosed

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Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

80%

Loan Term (Years)

6 - 20

Availability

Available in 50 states and Washington, D.C.

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

SuperMoney Net Recommendation Score

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-1000+100

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