Home Equity Loans - Island Federal Credit Union (Hauppauge, NY)
   

Home Equity Loans

Fixed-Rate Home Equity Loan

The most popular loan around.

  • Low rates and affordable payments so you can get the financing you need.
  • Use it for any purpose: Pay off high-interest debt, improve your home, pay for college, buy a car - even take a vacation.
  • We will finance up to 80% of the market value of the residence less any outstanding liens (if you qualify)
  • Interest may be tax-deductible*
  • Fixed-rate and flexible repayment terms (from 12- to 240 months) for added peace of mind.
  • Receive an answer on your application in 24 hours.
  • Loan Protection Insurance available.

For current rates, click hereApply now, it's easy

 

Fixed Rate Home Equity Balloon Loan

  • Low interest rate is fixed for 5 years
  • Repayment term is 240 months
  • We will finance up to 80% of the market value of the residence less any outstanding liens (if you qualify)
  • Loan Protection Insurance available.

For current rates, click hereApply now, it's easy

Rates and terms accurate as of and are subject to change without notice.  All offers of credit are subject to credit approval; applicants may be offered credit at higher rates and other terms. Loan-to-value restrictions may apply. Hazard insurance is required on all loans secured by real property; flood insurance may also be required. Rates advertised are for primary residence and properties located in New York. No Closing Costs option is only available for loan amounts up to $500,000. Property must be the primary residence and located in Nassau or Suffolk County. Mortgage tax and Recording Fees must be paid by borrower if residence is not in Nassau or Suffolk County. Other terms and restrictions apply to properties located outside of New York State. *Interest may be tax-deductible. Consult your tax advisor for information regarding the deductibility of interest and other charges. Monthly loan payments must be paid by automatic deduction from an Island Federal checking account. Loans payments not automatically deducted will have a 1.00% increase to the applicants qualifying rate. Loan must remain open for 36 months to avoid payment of closing costs. Disclaimer: Island Federal makes every effort to ensure that the information posted is current and accurate; however, we make no warranties of any kind, expressed or implied. Membership eligibility applies.

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