Mortgages & Home Equity

Making Your House a Home

Whether you are a first time home buyer or looking to refinance, NETFCU wants to help you get settled in!

With over 60 years of combined experience, our experts will work with you to get you the most favorable rate possible.

Apply today and make your house a home!

Mortgages

At NETFCU we understand that buying or refinancing a home is a significant milestone in your life. That is why we are here to help you every step of the way. Our professionals have over 60 years of combined experience and are ready to answer your questions.

Also, as an added benefit of being a Teamster, we will personally work with you in order to give you the best possible chance of obtaining the most favorable loan possible.

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Home Equity Loans

Equity is earned in your home as the market rises and any mortgage on your property is paid off. You can use your equity in your home as collateral in order to get a more favorable rate on your loan! Call in and find out the advantages of a Home Equity Loan such as paying off high-interest debt, home renovations, and/or unexpected expenses.

Quick Facts

This fixed rate option is for borrowing with a lump sum disbursement. Fixed monthly payments make for easy budgeting.
Competitive fixed rates
Maximum loan amount of $200,000, or up to 80% of the value of your home, whichever is lesser
20 year term: 10 year draw & 10 year repayment period
Ability to add an additional signer

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Home Equity Lines of Credit (HELOC)

A HELOC gives you the freedom to conveniently borrow against your credit limit—based on the available equity in your home—whenever you need it, like consolidating recurring loan payments, paying college fees, or paying off high interest credit cards. A ready source of emergency funds when you need it.

Quick Facts

Adjustable rate based on the Prime Rate
Maximum loan amount of $200,000, or up to 80% of the value of your home, whichever is lesser
20 year term: 10 year draw period, 10 year repayment period
Affordable Payments; interest payment only during the draw period

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Term	Interest Rate^1,2	APR as low as^1,2	Pmt per $1,000
0-5 Years	6.000%	6.020%	$19.33
6-10 Years	6.750%	6.930%	$11.48
11-15 Years	7.750%	7.883%	$9.41

Term

Interest Rate^1,2

APR as low as^1,2

Pmt per $1,000

0-5 Years

6.000%

6.020%

$19.33

6-10 Years

6.750%

6.930%

$11.48

11-15 Years

7.750%

7.883%

$9.41

Loan-to value	Interest Rate^1,2	Prime	APR^1,2
Up to 80% LTV	7.50%	Prime + 0%	7.50%
1 – Annual Percentage Rate (APR) of 7.50% is fixed for the first 12 months, followed by a variable rate based on the Wall Street Journal Prime Rate plus 0% Margin with a floor of 4.25% for LTV below 80%. Maximum APR is 18.00%. Minimum APR is 4.25%. Maximum LTV may vary based on credit score and other factors unique to your transaction. Closing costs of up to $800 may be required. 2 – APR – Annual Percentage Rate (APR) quoted reflects a 1.00% discount for payroll deduction and automatic payment from a NETFCU account. Other rates and terms may be available. Rates are subject to change without notice.

Loan-to value

Interest Rate^1,2

Prime

APR^1,2

Up to 80% LTV

7.50%

Prime + 0%

7.50%

1 – Annual Percentage Rate (APR) of 7.50% is fixed for the first 12 months, followed by a variable rate based on the Wall Street Journal Prime Rate plus 0% Margin with a floor of 4.25% for LTV below 80%. Maximum APR is 18.00%. Minimum APR is 4.25%. Maximum LTV may vary based on credit score and other factors unique to your transaction. Closing costs of up to $800 may be required.

2 – APR – Annual Percentage Rate (APR) quoted reflects a 1.00% discount for payroll deduction and automatic payment from a NETFCU account. Other rates and terms may be available. Rates are subject to change without notice.

Making Your House a Home

Mortgages

Home Equity Loans

Home Equity Lines of Credit (HELOC)

Home Equity Rates