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Last Updated: 04/18/2025

First Watch Credit Union Home Equity Loans

in Home Equity Loans from First Watch 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)

Starting at 1
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First Watch Credit Union Home Equity Loans Review

First Watch Credit Union Home Equity Loans is offered by First Watch Credit Union (NMLS #746450), a credit union founded in 1959 and based in Abilene, TX. First Watch Credit Union Home Equity Loans are available in 50 states and Washington, DC.

Key Takeaways

  • Only primary residences considered. First Watch Credit Union 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.
  • Maximum LTV. First Watch Credit Union Home Equity Loans has a maximum loan to value ratio of 80%.

First Watch Credit Union Home Equity Loans Pros & Cons

First Watch Credit Union Home Equity Loans FAQ

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

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 First Watch Credit Union Home Equity Loans charge for a home equity loan?

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

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

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

Is First Watch Credit Union a legit company?

First Watch Credit Union was founded in 1959, it is a well-established company that has been in business for 67 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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Contact

Headquarters

1118 Pine St
Abilene, TX 79601
(325) 670-2429
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Email Support

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 - 5:00PM
Saturday
Closed

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