Members First Credit Union Home Equity Installment Loans Review

Members First Credit Union Home Equity Installment Loans is offered by Members First Credit Union (NMLS #824420), a credit union founded in 1936 and based in Midland, MI. Members First Credit Union Home Equity Installment Loans is available in 1 state across the USA.

What are the home equity loan requirements of Members First Credit Union Home Equity Installment Loans

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.

What home equity loan rates does Members First Credit Union Home Equity Installment Loans offer?

Members First Credit Union Home Equity Installment Loans offers home equity loans with a fixed APR

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

What fees does Members First Credit Union Home Equity Installment Loans charge for a home equity loan?

Members First Credit Union Home Equity Installment Loans may charge a loan origination fee

What types of property can you use as security for a home equity loan with Members First Credit Union Home Equity Installment Loans?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Members First Credit Union Home Equity Installment Loans will consider loans secured by the following property types:

• Primary home.