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Last Updated: 04/18/2025

Elevate Credit Union 10-Year Second Mortgage

in Home Equity Loans from Elevate Credit Union

Last Updated: 04/18/2025

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Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

80%

Loan Term (Years)

10
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Elevate Credit Union 10-Year Second Mortgage Review

Elevate Credit Union 10-Year Second Mortgage is offered by Elevate Credit Union (NMLS #641663), a credit union founded in 1954 and based in Brigham City, UT. Elevate Credit Union 10-Year Second Mortgage are available in 50 states and Washington, DC.

Key Takeaways

  • Only primary residences considered. Elevate Credit Union 10-Year 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.
  • Maximum LTV. Elevate Credit Union 10-Year Second Mortgage has a maximum loan to value ratio of 80%.

Elevate Credit Union 10-Year Second Mortgage Pros & Cons

Elevate Credit Union 10-Year Second Mortgage FAQ

What are the home equity loan requirements of Elevate Credit Union 10-Year Second Mortgage

This lender's maximum loan to value rate is 80%. That means the total debt secured by the property cannot exceed 80% 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 $60k.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Elevate Credit Union 10-Year Second Mortgage charge for a home equity loan?

Elevate Credit Union 10-Year Second Mortgage may charge a loan origination fee

What types of property can you use as security for a home equity loan with Elevate Credit Union 10-Year Second Mortgage?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Elevate Credit Union 10-Year Second Mortgage will consider loans secured by the following property types:
  • Primary home.

Is Elevate Credit Union a legit company?

Elevate Credit Union was founded in 1954, it is a well-established company that has been in business for 72 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

1023 Medical Dr
Brigham City, UT 84302
(435) 723-3437
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Hours of Operation

Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day

Other Services by Elevate Credit Union