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Home Equity Loans
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Last Updated: 04/18/2025

Powerco Credit Union Home Equity Loans

in Home Equity Loans from Powerco Credit Union

Last Updated: 04/18/2025

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Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

85%

Loan Term (Years)

Up to 20
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Powerco Credit Union Home Equity Loans Review

Powerco Credit Union Home Equity Loans is offered by Powerco Credit Union (NMLS #762143), a credit union founded in 1935 and based in Atlanta, GA. Powerco Credit Union Home Equity Loans are available in 50 states and Washington, DC.

Key Takeaways

  • No primary residences considered. Powerco Credit Union Home Equity Loans does not offer financing for primary homes.
  • No-closing-cost mortgages available. This option allows you to include the closing costs into the new loan, so you don't pay for these expenses upfront.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
  • High maximum LTV ratio. Powerco Credit Union Home Equity Loans has a maximum loan to value ratio of 85%.

Powerco Credit Union Home Equity Loans Pros & Cons

Powerco Credit Union Home Equity Loans FAQ

What are the home equity loan requirements of Powerco Credit Union Home Equity Loans

This lender's maximum loan to value rate is 85%. That means the total debt secured by the property cannot exceed 85% 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 $65k.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

What fees does Powerco Credit Union Home Equity Loans charge for a home equity loan?

Powerco Credit Union Home Equity Loans may charge a loan origination fee

Is Powerco Credit Union a legit company?

Powerco 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

241 Ralph McGill Blvd NE
Atlanta, GA 30308
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Hours of Operation

Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed

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