Home Equity


Home Equity Loan Icon

Signature Loan Terms Loan Amount
Looking to put that addition onto your home, or sending your student to college? Whatever the case, Citymark FCU has great home equity loans to suit your need. Using the value of your home, you can borrow against it to get you a lower rate and better terms. Use the money for whatever you would like. Up to 25 years
(if using a home equity to take over first position on deed)
Financing up to 80% appraised value of home

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Looking to put that addition onto your home, or sending your student to college? Whatever the case, Citymark FCU has great home equity loans to suit your need.
Using the value of your home, you can borrow against it to get you a lower rate and better terms. Use the money for whatever you would like. Here’s the formula to find out how much you would be eligible for:

Appraised Value of Home X 80% – Balance of 1st Mortgage = Amount of Equity in your home to borrow

ex:

$200,000.00(Value) X 80% = $160,000.00

$160,000.00 – $100,000.00 (1st Mortgage) = $60,000

$60,000 is available to borrow

Terms: up to 25 years (if using a home equity to take over first position on deed)
Financing: up to 80% appraised value of home

See our current Rates.

NMLS # 681722


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