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Last Updated: 04/18/2025

Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage

in Home Equity Loans from Franklin Trust Federal Credit Union

Last Updated: 04/18/2025

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Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

75%

Loan Term (Years)

Up to 15
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Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage Review

Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage is offered by Franklin Trust Federal Credit Union , a credit union founded in 1934 and based in Hartford, CT. Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage are available in 50 states and Washington, DC.

Key Takeaways

  • Only primary residences considered. Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd 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. Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage has a maximum loan to value ratio of 75%.

Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage Pros & Cons

Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage FAQ

What are the home equity loan requirements of Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage

This lender's maximum loan to value rate is 75%. That means the total debt secured by the property cannot exceed 75% 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 $55k.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage charge for a home equity loan?

Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage may charge a loan origination fee

What types of property can you use as security for a home equity loan with Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Franklin Trust FCU Fixed Rate Home Equity Loan or 2nd Mortgage will consider loans secured by the following property types:
  • Primary home.

Is Franklin Trust Federal Credit Union a legit company?

Franklin Trust Federal Credit Union was founded in 1934, it is a well-established company that has been in business for 92 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

632 Franklin Ave
Hartford, CT 06114
(860) 296-4379
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Email Support

Hours of Operation

Sunday
Closed
Monday
7:30AM - 4:30PM
Tuesday
7:30AM - 4:30PM
Wednesday
10:00AM - 1:00PM
Thursday
7:30AM - 5:30PM
Friday
7:30AM - 4:30PM
Saturday
9:00AM - 12:00PM

Other Services by Franklin Trust Federal Credit Union