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Last Updated: 04/18/2025

Service Plus Credit Union Home Equity Loans

from Service Plus 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)

Up to 15

Service Plus Credit Union Home Equity Loans Review

Service Plus Credit Union Home Equity Loans is offered by Service Plus Credit Union , a credit union founded in 1950 and based in Moline, IL. Service Plus Credit Union Home Equity Loans are available in 50 states and Washington, DC.

Key Takeaways

Only primary residences considered. Service Plus Credit Union Home Equity Loans 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.
High maximum LTV ratio. Service Plus Credit Union 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 Service Plus Credit Union Home Equity Loans.

Service Plus Credit Union Home Equity Loans Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.

Service Plus Credit Union Home Equity Loans FAQ

What are the home equity loan requirements of Service Plus Credit Union 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.

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

Service Plus Credit Union Home Equity Loans may charge a loan origination fee

What types of property can you use as security for a home equity loan with Service Plus Credit Union Home Equity Loans?

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

Primary home.

Is Service Plus Credit Union a legit company?

Service Plus Credit Union was founded in 1950, it is a well-established company that has been in business for 76 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

2110 53rd St

Moline, IL 61265

(309) 736-2500

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Email Support

Hours of Operation

SundayClosedMonday8:30AM - 5:00PMTuesday8:30AM - 5:00PMWednesday8:30AM - 5:00PMThursday8:30AM - 5:00PMFriday8:30AM - 5:30PMSaturdayClosed

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SuperMoney Net Recommendation Score

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-1000+100

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