Make the most of your home’s equity by taking advantage of the value you’ve been building. With a Home Equity Loan from Coastal New England Federal Credit Union, you can utilize up to 80% of your home’s value, minus the balance of your current mortgage, to make improvements, add that swimming pool you’re always talking about, or do anything else you’d like. We offer fixed rate equity loans ranging from 5 – 15 years and we will loan up to $125,000.
Closing fees include Attorney Fees, Home Appraisal, Registry of Deeds recording fees, Flood Determination Certificate, and a Credit Report fee. All of these costs can be financed into the loan.
Loan is available on owner occupied property only
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Equity Line of Credit
CNEFCU will loan up to $125,000. We can loan up to 75% of the value of your home less your first mortgage.
Closing fees are paid by the credit union.
Your cost will be $350.00 for the appraisal fee.
Net proceeds are available after three days rescission period.
Loan is available on owner occupied property only.
We must be listed as:
Coastal New England Federal Credit Union
93 Union Street
New Bedford, MA. 02740-6361
Lienholder Code: #1894