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 Home Equity Loan (Fixed rate and term) Saratoga's Community Federal Credit Union offers a Home Equity Fixed Rate Loan that lets you unlock the equity in your home for a number of great reasons, like purchasing that new auto or RV, or just taking that long awaited vacation. Eligible Properties: 1 - 2 family owner occupied as primary residence only Geographic Areas: Only properties located in the following counties will be considered:
Loan Amounts Standard: Minimum - $10,000.00 Maximum - $150,000.00 Maximum (LTV) Loan to Value: First mortgage balance plus proposed home equity loan cannot exceed 80% of appraised value. Loan Terms: up to 15 Years Current Rates: Click Here Prepayment Penalty: None Any second mortgage lien must be satisfied at or prior to closing and can be paid with loan proceeds. Closing Costs: Closing costs and NYS Mortgage Tax paid by the Borrower. * It is important to note that this is not a line of credit. Home Improvement Loans Saratoga's Community Federal Credit Union offers a specific Home Improvement Loan that lets you finish that long awaited home improvement. Maybe you didn't have enough equity to get an equity loan. With our home improvement that does not have to be the case. Eligible Properties: 1 - 2 family owner occupied as primary residence only Geographic Areas: Only properties located in the following counties will be considered:
Amount Financed: Saratoga's Community FCU will finance up to$15,000.00. The amount financed is based on the contractor estimates that are presented with the loan package. Loan Terms: up to 7 Years Current Rates: Click Here Prepayment Penalty: None Closing Costs: Closing Costs are paid on your behalf by Saratoga's Community Federal Credit Union. |