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Last Updated: 04/18/2025

Louisville FCU Second Mortgage (Fixed)

in Home Equity Loans from Louisville Federal Credit Union

Last Updated: 04/18/2025

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Credit Score Range

N/A

Amount Range

Up to $250,000

Maximum LTV

N/A

Loan Term (Years)

Up to 5
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Louisville FCU Second Mortgage (Fixed) Review

Louisville FCU Second Mortgage (Fixed) is offered by Louisville Federal Credit Union (NMLS #522619), a credit union founded in 1924 and based in Louisville, KY. Louisville FCU Second Mortgage (Fixed) are available in 50 states and Washington, DC.

Key Takeaways

  • Only primary residences considered. Louisville FCU Second Mortgage (Fixed) 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.

Louisville FCU Second Mortgage (Fixed) Pros & Cons

Louisville FCU Second Mortgage (Fixed) FAQ

How much can you borrow with a Louisville FCU Second Mortgage (Fixed) home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.
Louisville FCU Second Mortgage (Fixed) allows borrowers to apply for home equity loans of up to $250,000.00. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.
Typically, borrowers with good credit can qualify for up to 85 percent of the value of the property less the balance on their first mortgage.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Louisville FCU Second Mortgage (Fixed) charge for a home equity loan?

Louisville FCU Second Mortgage (Fixed) may charge a loan origination fee

What types of property can you use as security for a home equity loan with Louisville FCU Second Mortgage (Fixed)?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Louisville FCU Second Mortgage (Fixed) will consider loans secured by the following property types:
  • Primary home.

Is Louisville Federal Credit Union a legit company?

Louisville Federal Credit Union was founded in 1924, it is a well-established company that has been in business for 102 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

1420 Gardiner Ln
Room 66
Louisville, KY 40213
(502) 458-2681
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Email Support

Hours of Operation

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

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