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Last Updated: 04/18/2025

United States Senate FCU Home Equity Loans

from United States Senate Federal Credit Union

Last Updated: 04/18/2025

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Highlights

Credit Score Range

N/A

Amount Range

Up to $500,000

Maximum LTV

90%

Loan Term (Years)

Up to 15

United States Senate FCU Home Equity Loans Review

United States Senate FCU Home Equity Loans is offered by United States Senate Federal Credit Union (NMLS #514285), a credit union founded in 1935 and based in Alexandria, VA. United States Senate FCU Home Equity Loans are available in 50 states and Washington, DC.

Key Takeaways

No primary residences considered. United States Senate FCU Home Equity Loans does not offer financing for primary homes.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
High maximum LTV ratio. United States Senate 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 United States Senate FCU Home Equity Loans.

United States Senate FCU Home Equity Loans Pros & Cons

Pros

Cons

Available in all 50 states.

Charges an origination fee.
Charges prepayment fees.

United States Senate FCU Home Equity Loans FAQ

How much can you borrow with a United States Senate FCU Home Equity Loans home equity loan?

A home equity loan allows homeowners to borrow money using their home as collateral (similar to a mortgage). Loan amounts vary depending on the value of the home minus the balance of any mortgages or liens on the property.

United States Senate FCU Home Equity Loans allows borrowers to apply for home equity loans of up to $500,000. The actual maximum loan amount will vary depending on the value of the property, how much you owe on it, and your creditworthiness.

What are the home equity loan requirements of United States Senate 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.

What fees does United States Senate FCU Home Equity Loans charge for a home equity loan?

United States Senate FCU Home Equity Loans may charge a loan origination fee

Is United States Senate Federal Credit Union a legit company?

United States Senate 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.

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Contact

Headquarters

1310 Braddock Pl

Alexandria, VA 22314

(800) 374-2758

Visit Site

Email Support

Hours of Operation

Sunday

Closed

Monday

8:30AM - 4:00PM

Tuesday

8:30AM - 4:00PM

Wednesday

10:00AM - 4:00PM

Thursday

8:30AM - 4:00PM

Friday

8:30AM - 4:00PM

Saturday

Closed

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SuperMoney Net Recommendation Score

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-1000+100

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