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Last Updated: 04/18/2025

Select Seven CU Home Equity Fixed-Rate Loan

in Home Equity Loans from Select Seven Credit Union

Last Updated: 04/18/2025

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Credit Score Range

N/A

Amount Range

N/A

Maximum LTV

90%

Loan Term (Years)

Up to 10
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Select Seven CU Home Equity Fixed-Rate Loan Review

Select Seven CU Home Equity Fixed-Rate Loan is offered by Select Seven Credit Union , a credit union founded in 1949 and based in Johnson City, TN. Select Seven CU Home Equity Fixed-Rate 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.
  • High maximum LTV ratio. Select Seven CU Home Equity Fixed-Rate Loan has a maximum loan to value ratio of 90%.

Select Seven CU Home Equity Fixed-Rate Loan Pros & Cons

Select Seven CU Home Equity Fixed-Rate Loan FAQ

What are the home equity loan requirements of Select Seven CU Home Equity Fixed-Rate Loan

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.

What fees does Select Seven CU Home Equity Fixed-Rate Loan charge for a home equity loan?

Select Seven CU Home Equity Fixed-Rate Loan may charge a loan origination fee

What types of property can you use as security for a home equity loan with Select Seven CU Home Equity Fixed-Rate Loan?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Select Seven CU Home Equity Fixed-Rate Loan will consider loans secured by the following property types:
  • Primary home.
  • Secondary homes and vacation properties.
  • Investment properties and house flipping projects.

Is Select Seven Credit Union a legit company?

Select Seven Credit Union was founded in 1949, it is a well-established company that has been in business for 77 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

333 E Main St
Johnson City, TN 37601
(423) 282-0671
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Email Support

Hours of Operation

Sunday
Closed
Monday
8:00AM - 5:00PM
Tuesday
8:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
8:00AM - 5:00PM
Friday
8:30AM - 5:30PM
Saturday
Closed

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