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Last Updated: 04/18/2025

Encompass Credit Union Fixed-Rate 2nd Mortgage

from Encompass Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

N/A

Loan Term (Years)

Up to 20

Encompass Credit Union Fixed-Rate 2nd Mortgage Review

Encompass Credit Union Fixed-Rate 2nd Mortgage is offered by Encompass Credit Union , a credit union founded in 1953 and based in Tipton, IN. Encompass Credit Union Fixed-Rate 2nd Mortgage are available in 50 states and Washington, DC.

Key Takeaways

Only primary residences considered. Encompass Credit Union Fixed-Rate 2nd Mortgage 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.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Encompass Credit Union Fixed-Rate 2nd Mortgage.

Encompass Credit Union Fixed-Rate 2nd Mortgage Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.

Encompass Credit Union Fixed-Rate 2nd Mortgage FAQ

Typically, borrowers with good credit can qualify for up to 85 percent of the value of the property less the balance on their first mortgage.

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

What fees does Encompass Credit Union Fixed-Rate 2nd Mortgage charge for a home equity loan?

Encompass Credit Union Fixed-Rate 2nd Mortgage may charge a loan origination fee

What types of property can you use as security for a home equity loan with Encompass Credit Union Fixed-Rate 2nd Mortgage?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Encompass Credit Union Fixed-Rate 2nd Mortgage will consider loans secured by the following property types:

Primary home.

Is Encompass Credit Union a legit company?

Encompass Credit Union was founded in 1953, it is a well-established company that has been in business for 73 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

221 N Main St

Tipton, IN 46072

(800) 675-8852

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

8:30AM - 4:30PM

Tuesday

8:30AM - 4:30PM

Wednesday

8:30AM - 4:30PM

Thursday

8:30AM - 4:30PM

Friday

8:30AM - 4:30PM

Saturday

9:00AM - 12:00PM

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SuperMoney Net Recommendation Score

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