Xplore Federal Credit Union - Loans & Credit Cards

Home Equity Loans

Borrowing against the equity in your home offers a low, adjustable rate of interest (based on Prime). Best of all, the interest paid could be tax deductible. You can find the money you need for home renovations, education, vacation and more.

Fixed rate loans available
Closed end loans available
Terms up to 15 years
Loans up to $100,000
Up to 90% LTV

Financing is available in Louisiana for owner-occupied and single family residences. The amount of the loan you qualify for depends on your annual gross income and the lendable equity in your home (up to 90% of the current value of your home less any debt secured by your home not to exceed $100,000).

Current Value of Home x 90% - Balance of Mortgage = Maximum Amount of loan (not to exceed $100,000)

Closing cost of only $395!

* City of New Orleans Tax, not included. APR(Annual Percentage Rate). All loan approvals are based on standard loan underwriting guidelines. Actual rate may vary based on credit score, discounts, and/or surcharges, loan term, and loan to value. Loan rates are subject to change without notice. Loans over $40,000 are available; additional terms apply. Appraisal and title exam are required.

To apply ...

Submit an online application
Stop by one of our three locations
Email us requesting more information regarding Home Equity Loans
Chat Live with an Online Member Service Representative

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If you have any questions regarding Home Equity Loans, please call us at 504-728-4853 or (888) U-XPLORE (897-5673).