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Last Updated: 04/18/2025

Levo Credit Union Home Equity Loan

in Home Equity Loans from Levo Credit Union

Last Updated: 04/18/2025

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Credit Score Range

N/A

Amount Range

Starting at $10,000

Maximum LTV

100%

Loan Term (Years)

Up to 10
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Levo Credit Union Home Equity Loan Review

Levo Credit Union Home Equity Loan is offered by Levo Credit Union (NMLS #441310), a credit union founded in 1934 and based in Sioux Falls, SD. Levo Credit Union Home Equity Loan are available in 50 states, 5 US territories, and Washington, DC.

Key Takeaways

  • No primary residences considered. Levo Credit Union Home Equity Loan does not offer financing for primary homes.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • High maximum LTV ratio. Levo Credit Union Home Equity Loan has a maximum loan to value ratio of 100%.

Levo Credit Union Home Equity Loan Pros & Cons

Levo Credit Union Home Equity Loan FAQ

What are the home equity loan requirements of Levo Credit Union Home Equity Loan

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 Levo Credit Union Home Equity Loan charge for a home equity loan?

Levo Credit Union Home Equity Loan may charge a loan origination fee

Is Levo Credit Union a legit company?

Levo 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

700 E 14th St
Sioux Falls, SD 57104
(605) 334-2471
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Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

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