East River Federal Credit Union - Home Equity & Improvement Loans
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Home Equity & Improvement Loans

With a variable rate Home Equity Line-of-Credit from East River Federal Credit Union (NMLS #477703), you can use the equity in your home to make home improvements, consolidate high-interest debt, finance your education, go on vacation, and much more. Once your line is approved, you’ll have the freedom to access the approved funds simply by writing a check! As you repay the portion of the loan you’ve accessed, the funds become available to you again.

Establishing a Home Equity-Line-of-Credit is a smart way to protect yourself from unexpected expenses. You can rest easy, knowing your valuable credit history won’t be destroyed by an expensive car accident, high medical bills or unavoidable home repairs.

Features:

  • Variable rate
  • 5 year draw / 10 year repayment
  • Maximum loan amount is $50,000 / $5,000 minimum
  • $500 minimum draw
  • Interest may be tax deductible.

Apply For A Loan View Rates

So, you have the perfect home, almost. It just needs a little paint here and there, new carpet or a swimming pool. Perhaps you need to expand - add a new room or add a second floor. If so, then a Home Improvement loan with East River Federal Credit Union may be just what you need. A Home Improvement loan is the perfect way to make your home your dream home.

Features:

  • Ideal for small repairs or large additions
  • Low fixed interest rates / with 5 year balloon
  • Interest may be tax deductible.
  • 15 year amortization on 2nd mortgage
  • 30 year amortization on 1st mortgage

Apply For A Loan View Rates