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Last Updated: 04/18/2025

Greater New Orleans FCU Home Equity Loan 2nd Mortgages

in Home Equity Loans from Greater New Orleans Federal Credit Union

Last Updated: 04/18/2025

Greater New Orleans Federal Credit Union logo
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Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

100%

Loan Term (Years)

Up to 15
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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%.

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

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.

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Contact

Headquarters

3105 Lime St
Metairie, LA 70006
(504) 454-8224
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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

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