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Last Updated: 04/18/2025

Safeway Federal Credit Union Second Mortgage

in Home Equity Loans from Safeway Federal Credit Union

Last Updated: 04/18/2025

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Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

80%

Loan Term (Years)

Up to 20
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Safeway Federal Credit Union Second Mortgage Review

Safeway Federal Credit Union Second Mortgage is offered by Safeway Federal Credit Union , a credit union founded in and based in Spokane, WA. Safeway Federal Credit Union Second Mortgage are available in 50 states and Washington, DC.

Key Takeaways

  • Only primary residences considered. Safeway Federal Credit Union Second Mortgage 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.
  • Maximum LTV. Safeway Federal Credit Union Second Mortgage has a maximum loan to value ratio of 80%.

Safeway Federal Credit Union Second Mortgage Pros & Cons

Safeway Federal Credit Union Second Mortgage FAQ

What are the home equity loan requirements of Safeway Federal Credit Union Second Mortgage

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 Safeway Federal Credit Union Second Mortgage charge for a home equity loan?

Safeway Federal Credit Union Second Mortgage may charge a loan origination fee

What types of property can you use as security for a home equity loan with Safeway Federal Credit Union Second Mortgage?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Safeway Federal Credit Union Second Mortgage will consider loans secured by the following property types:
  • Primary home.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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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

529 E North Foothills Dr
Spokane, WA 99207
(509) 483-9416
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Email Support

Hours of Operation

Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
8:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:00AM - 5:00PM
Saturday
Closed

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