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Last Updated: 04/18/2025

PrimeTrust FCU Home Equity Loans

from PrimeTrust Federal Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

90%

Loan Term (Years)

5 - 15

PrimeTrust FCU Home Equity Loans Review

PrimeTrust FCU Home Equity Loans is offered by PrimeTrust Federal Credit Union , a credit union founded in 1935 and based in Muncie, IN. PrimeTrust FCU Home Equity Loans are available in 50 states and Washington, DC.

Key Takeaways

Only primary residences considered. PrimeTrust FCU Home Equity Loans does not offer financing for vacation homes or investment properties.
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.
No origination fees. PrimeTrust FCU Home Equity Loans does not charge fees for processing your application.
High maximum LTV ratio. PrimeTrust FCU Home Equity Loans has a maximum loan to value ratio of 90%.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for PrimeTrust FCU Home Equity Loans.

PrimeTrust FCU Home Equity Loans Pros & Cons

Pros

Cons

No origination fees.
Available in all 50 states.

Charges prepayment fees.

PrimeTrust FCU Home Equity Loans FAQ

What are the home equity loan requirements of PrimeTrust FCU Home Equity Loans

This lender's maximum loan to value rate is 90%. That means the total debt secured by the property cannot exceed 90% 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 $70k.

Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate. However, PrimeTrust FCU Home Equity Loans does not charge an origination fee.

What fees does PrimeTrust FCU Home Equity Loans charge for a home equity loan?

Good news. PrimeTrust FCU Home Equity Loans does not charge a mortgage origination fee.

Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What types of property can you use as security for a home equity loan with PrimeTrust FCU Home Equity Loans?

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

Primary home.

Is PrimeTrust Federal Credit Union a legit company?

PrimeTrust Federal 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.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

3700 W Bethel Ave

Muncie, IN 47304

(765) 289-2148

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

9:00AM - 5:00PM

Tuesday

9:00AM - 5:00PM

Wednesday

10:00AM - 5:00PM

Thursday

9:00AM - 5:00PM

Friday

8:00AM - 6:00PM

Saturday

9:00AM - 12:00PM

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SuperMoney Net Recommendation Score

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-1000+100

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