Last Updated: 04/18/2025
Homebase Federal CU Secured Loan
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APR (Variable APR)
Starting at 3.25%(Verified 07/11/2024)
Amount Range
$15,000 - $25,000
Loan Term (Months)
N/A
Homebase Federal CU Secured Loan Review
Homebase Federal CU Secured Loan is offered by Homebase Federal Credit Union, a credit union founded in 1952 and based in Prince George, VA. Homebase Federal CU Secured Loan are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Uses a variable APR. This is uncommon for personal loans. If interest rates rise in the future it could make the monthly payments more challenging. Personal loan interest rates typically range between 9% and 36%. The starting rates for Homebase Federal CU Secured Loan are on the lower end of the spectrum.
- Coborrower applications accepted. Applying for Homebase Federal CU Secured Loan with a coborrower who has better credit than you could improve your chances of approval and may help you qualify for lower interest rates.
Homebase Federal CU Secured Loan Pros & Cons
| Pros | Cons |
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Homebase Federal CU Secured Loan FAQ
What interest rates and personal loan terms does Homebase Federal CU Secured Loan offer?
Homebase Federal CU Secured Loan has lower than average interest rates for lenders reviewed on SuperMoney.
What interest rates does Homebase Federal CU Secured Loan offer?
Homebase Federal CU Secured Loan offers a variable APR personal loan product that starts at 3.25% APR.
How much can you borrow via Homebase Federal CU Secured Loan?
Personal loan amounts start at $15,000 and go up to $25,000
| Personal Loan Amount | $15000 - $25000 |
| Loan Term | N/A |
| APR | Starting at 3.25% |
What fees does Homebase Federal CU Secured Loan charge?
Does Homebase Federal CU Secured Loan charge an origination fee?
Homebase Federal CU Secured Loan may charge a personal loan origination fee .
Does Homebase Federal CU Secured Loan charge a late fee?
Homebase Federal CU Secured Loan does not disclose whether it charges late payment fees.
Does Homebase Federal CU Secured Loan charge prepayment fees?
Yes, Homebase Federal CU Secured Loan may charge additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a personal loan early.
| Origination Fee | No |
| Prepayment Fee | Yes |
| Late Payment Fee | No |
What do you need to qualify for Homebase Federal CU Secured Loan?
Homebase Federal CU Secured Loan does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Homebase Federal CU Secured Loan does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a co-borrower to either meet eligibility requirements or qualify for lower interest rates.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Homebase Federal CU Secured Loan.
To qualify, applicants may need to provide the following documentation:
- Proof of identity
- Proof of citizenship or residence permit
- Proof of residence
| Minimum Age | 18 |
| Bank Account Required? | No |
| Application Types Accepted |
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| Credit Score | N/A |
Does Homebase Federal CU Secured Loan report your account activity to credit bureaus?
Yes, Homebase Federal CU Secured Loan reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Homebase Federal Credit Union perform a hard credit pull?
Yes, Homebase Federal CU Secured Loan performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Are Homebase Federal CU Secured Loan legit?
Homebase Federal Credit Union was founded in 1952, it is a well-established company that has been in business for 74 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.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
10:00AM - 5:00PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 5:30PM
Saturday
9:00AM - 12:00PM
Other Services by Homebase Federal Credit Union
Other Personal Loans from Homebase Federal Credit Union
Rating not yet determined
APR
7.99% - 17.99%
Disclaimer popup with additional information
Amount Range
$500 - $30K
Loan Term (Months)
6 - 84
Rating not yet determined
APR
18%
Disclaimer popup with additional information
Amount Range
$500 - $1K
Loan Term (Months)
N/A
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Learn MoreSuperMoney Net Recommendation Score
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