Home Equity Loans- Mutual First Federal Omaha Credit Union
Skip to main content

online banking login

online banking login

Is the home you have truly the home you want? Imagine hosting a party with friends, cooking a romantic meal in your new kitchen or even spending time with family in front of the fireplace. If you've been dreaming about remodeling or improving your home, you may be able to use the equity in your home with a loan or line of credit from Mutual 1st Federal.


home equity line of credit   cheap home loans

Home Equity Line of Credit

  • 5 year draw period
  • Access the funds as you need them; borrow as much or as little as you need from your pre-determined limit
  • Repayment starts 30 days after funds are accessed
  • Pay off your line of credit and use it again when needed
  • Easily access your line of credit with a cash advance to your Mutual 1st Federal account or by check
  • Home equity lines are secured by the value of your home
  • Variable interest rate, adjusted based on the current prime rate
  • Interest may be tax deductible***

Home Equity Loan

  • Fixed, affordable payments
  • Terms up to 20 years
  • Easy payments using automatic transfers (ACH) from your checking account
  • Home loans are secured by the value of your home
  • Low cost loan payment protection available
  • Interest may be tax deductible***

Contact a Financial Service Representative today at 402.697.3402 to get started!

 

 

*An introductory Annual Percentage Rate (APR) of 1.99% is fixed for the first 12 months on new home equity line of credit applications submitted by November 30, 2017. $10,000 minimum advance required. The 12 month introductory period immediately begins upon loan closing. The home equity line of credit APR is variable, following the introductory period, and based on the Wall Street Journal Prime plus a margin. Your APR will be based on specific characteristics of your credit transaction, including borrower credit rating, loan to value, property type, and term. The interest rate floor following the promotional period, of 12 months, will be a minimum APR of 4.25% (floor). Rates, terms, and conditions are subject to change without notice. The maximum APR that may apply is 18%. The estimated closing costs are $0, excluding the appraisal at member’s expense. Please contact representative for additional detail. The applicant will be responsible for costs incurred if the loan is withdrawn or unable to meet approval conditions. Offer applies to owners who occupy a single family residence. All loans are subject to approval. Other restrictions may apply.

**An Annual Percentage Rate (APR) as low as 4.125% is available for 120 month loans with a loan-to-value of 80% or less. For a $25,000 loan at 4.125% interest rate for 120 months will have a 4.125% APR and a monthly payment of $255.48. Automatic payments are required to obtain the lowest APR. Your APR will be based on characteristics of your credit transaction, including borrower credit rating, loan to value, property type, and term. Maximum loan amount of $125,000. Offer expires November 30, 2017. All loans are subject to approval. Other restrictions may apply.

***Consult your tax advisor.

Connect with Us

livechat

Live Chat

Currently Unavailable
Our Blog

Our Blog

mail

Email Sign Up

Locations

Locations

facebook

Facebook

twitter

Twitter