Discover your loan options by leveraging the equity you have accumulated.
Maximize the Benefits of Your Home Equity NY TEAM FCU offers Home Equity solutions that can be a game-changer for funding home renovations, consolidating debt, or financing major purchases. Home equity is the net value of your home after deducting the outstanding mortgage balance. A home equity loan is a smart way to leverage this equity and simplify debt repayment. With a home equity loan, you can renovate or upgrade your home, consolidate debt, or purchase a vehicle. NY TEAM FCU’s proficient team can assist you in obtaining a home equity loan for your primary residence. This option is perfect for those who want to fund home improvements, landscaping, emergency repairs, weddings, medical expenses, college tuition, or consolidate high-interest credit card debt. Furthermore, a home equity loan can provide endless possibilities if you are looking to lower monthly payments or finance a large purchase. Trust us to help you unlock the potential of your home equity.
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.