1 more

Last Updated: 04/18/2025

Greater New Orleans FCU Home Equity Loan 2nd Mortgages

from Greater New Orleans Federal Credit Union

Last Updated: 04/18/2025

No Reviews Yet

This product has no reviews yet. Help others by sharing your thoughts.

Be the first to rate

Explore a similar product

Try this top product in Home Equity Loans

AmeriSave Home Equity Loans

Strongly recommended25 reviews

Visit Site

Compare All Home Equity Loans

Filter & compare all your options in one place.

View All Products

Highlights

Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

100%

Loan Term (Years)

Up to 15

Greater New Orleans FCU Home Equity Loan 2nd Mortgages Review

Greater New Orleans FCU Home Equity Loan 2nd Mortgages is offered by Greater New Orleans Federal Credit Union , a credit union founded in 1935 and based in Metairie, LA. Greater New Orleans FCU Home Equity Loan 2nd Mortgages are available in 50 states and Washington, DC.

Key Takeaways

No primary residences considered. Greater New Orleans FCU Home Equity Loan 2nd Mortgages does not offer financing for primary homes.
High maximum LTV ratio. Greater New Orleans FCU Home Equity Loan 2nd Mortgages has a maximum loan to value ratio of 100%.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Greater New Orleans FCU Home Equity Loan 2nd Mortgages.

Greater New Orleans FCU Home Equity Loan 2nd Mortgages Pros & Cons

Pros

Cons

No prepayment penalty.
Available in all 50 states.

Charges an origination fee.

Greater New Orleans FCU Home Equity Loan 2nd Mortgages FAQ

What are the home equity loan requirements of Greater New Orleans FCU Home Equity Loan 2nd Mortgages

This lender's maximum loan to value rate is 100%. That means the total debt secured by the property cannot exceed 100% 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 $80k.

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

What fees does Greater New Orleans FCU Home Equity Loan 2nd Mortgages charge for a home equity loan?

Greater New Orleans FCU Home Equity Loan 2nd Mortgages may charge a loan origination fee

What types of property can you use as security for a home equity loan with Greater New Orleans FCU Home Equity Loan 2nd Mortgages?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Greater New Orleans FCU Home Equity Loan 2nd Mortgages will consider loans secured by the following property types:

Secondary homes and vacation properties.

Is Greater New Orleans Federal Credit Union a legit company?

Greater New Orleans Federal Credit Union was founded in 1935, it is a well-established company that has been in business for 91 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

3105 Lime St

Metairie, LA 70006

(504) 454-8224

Visit Site

Hours of Operation

Sunday

Closed

Monday

9:00AM - 4:00PM

Tuesday

9:00AM - 4:00PM

Wednesday

10:00AM - 4:00PM

Thursday

9:00AM - 4:00PM

Friday

9:00AM - 4:00PM

Saturday

9:00AM - 1:00PM

Other Services by Greater New Orleans Federal Credit Union

CD Accounts

2 products

Be the first to rate

Checking Accounts

2 products

Be the first to rate

Savings Accounts

7 products

Be the first to rate

Credit Cards

4 products

Be the first to rate

Auto Loans

Be the first to rate

Personal Loans

6 products

Be the first to rate

Home Equity Lines of Credit

Be the first to rate

Home Mortgage Loans

2 products

Be the first to rate

SuperMoney Net Recommendation Score

This product has no reviews yet. Help others by sharing your thoughts.

-1000+100

No one recommends

Everyone recommends

The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.