Home Equity Loan
Learn about your Loan Options by Borrowing from the Equity you have earned.

Use your Equity to your Advantage
We offer Home Equity options that can help you pay for home improvements, consolidate debt or finance a large purchase.
What is home equity? It’s the current value of your home minus your mortgage balance. You can borrow against that equity to consolidate your debts to make paying them down easier and more efficient.
How can you use a home equity loan? You can remodel or improve your home, consolidate debt or purchase a vehicle.
NY TEAM FCU can help with a home equity loan for a primary residence. One of these may be right for you if:
- Home Improvements, landscaping or emergency repairs
- Weddings
- Emergency Medical Costs
- College Expenses
- Consolidate high interest credit card debt
- You want to lower your monthly payments.
- You want to finance a large purchase.
Your Options are Endless.
Open your home equity in a few steps.
Home Equity Loan Information
Our Home Equity Loan is a fixed-rate up to twenty-year loan. Payments are fixed for the life-of-the-loan.
Property Specifics: Loans are available on 1 to 4 family properties. All properties will be primary residence and occupied by the owner/member. New York State Only, Owner/Member must be listed on deed.
Documents needed for a Home Equity Loan:
- 2 Recent Paystubs for Primary and Joint Applicant
- Copy of Last Tax Bill
- Copy of Deed
- Last Two years of W2’s from Primary and Joint Applicant
- Home Owners Insurance Binder listing:
(Loss of Payee)
NY TEAM FCU
65 Broadway Hicksville, NY 11801
Minimum Home Equity Loan Amount | $25,000.00 |
Minimum Home Equity No Closing Cost* Option Loan | $60,000.00 |
Maximum Loan Amount | $600,000, 75% LTV |
Get Pre-Approved for a Home Equity Loan!
*No closing costs on All Home Equities above $60.000. All loans less than less $59,999.99 will receive a $1,500.00 credit towards their closing costs. If a Home Equity loan is paid off prior to five years the Member will need to reimburse the Credit Union for the closing costs or closing cost credit they received.