Home Equity Line of Credit

Home Equity Line of Credit  Loans

Lexington Avenue Federal Credit Union offers low cost Home Equity Loans.
Take advantage of our easy application, quick turnaround and closing costs* are paid by the LAFCU when a minimum of $20,000 is borrowed!  No Points, no application fee, no appraisal fee and no recording fees. We'll even pay the mortgage tax. (* must be repaid if the loan is paid off within two years)

You can borrow up to 80% of the appraised value of your home (less any outstanding mortgage balance) for just about anything you want - a college education, consolidating existing loans, a major remodeling project or just about anything else.

We have a 5 year draw period that allows you to access available funds on your credit line.

The rate is adjustable and is subject to change quarterly.

FAST APPROVALS - Pre- approval within 24 hours of receipt of your application.

Because your home is used as collateral,  any interest you pay on the loan may be tax deductible (consult your tax advisor for full details).

It is all possible with a home equity loan from Lexington FCU.

Benefits include:

• Competitive rates
• Terms up to 15 years
• No escrow requirements

Members must come to the Lexington Ave. office to apply for a home equity loan.