Last Updated: 04/18/2025
New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan
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Last Updated: 04/18/2025
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Highlights
Credit Score Range
N/A
Amount Range
$25,000 - $400,000
Maximum LTV
80%
Loan Term (Years)
Up to 15
New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan Review
New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan is offered by New Hampshire Federal Credit Union (NMLS #440568), a credit union founded in 1941 and based in Concord, NH. New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan are available in 50 states and Washington, DC.
Key Takeaways
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- Maximum LTV. New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan has a maximum loan to value ratio of 80%.
New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan Pros & Cons
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New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan FAQ
How much can you borrow with a New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan 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.
New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan allows borrowers to apply for home equity loans of up to $400,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.
What are the home equity loan requirements of New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan
This lender's maximum loan to value rate is 80%. That means the total debt secured by the property cannot exceed 80% 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 $60k.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.
What fees does New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan charge for a home equity loan?
New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan may charge a loan origination fee
What types of property can you use as security for a home equity loan with New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan?
Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. New Hampshire FCU Home Equity Fixed Rate Closed End First Lien Loan will consider loans secured by the following property types:
- Primary home.
- Secondary homes and vacation properties.
- Investment properties and house flipping projects.
Is New Hampshire Federal Credit Union a legit company?
New Hampshire Federal Credit Union was founded in 1941, it is a well-established company that has been in business for 85 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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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
8:00AM - 12:00PM