As a member of Priority Plus FCU, you have access to mortgage and home equity lending products from State Financial Network, a Credit Union Service Organization.
First Mortgages
Priority Plus FCU is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
Contact State Financial Network today at 302-633-6480 to discuss your options for purchasing or refinancing a home.
Home Equity Lending
Responsibly borrowing the equity in your home has always been a convenient and advantageous way for homeowners to get the larger amounts of cash they need for home repairs or renovations, college tuition payments, and even expensive medical bills. Priority Plus FCU offers you the choice of a fixed rate Home Equity Loan or a variable rate Home Equity Line of Credit.
Home Equity Loan
- Fixed rate
- Terms to 180 months
- LTV 80%
Home Equity Line of Credit
- Replenishing principle
- Draw period 5 years
- Initial draw $10,000
- Rate based on the Prime Rate as published in the Wall Street Journal
Home Equity Lending Rates
Effective June 1, 2024| Loan | Max Amt | Max LTV | Max Term | APR* as low as |
|---|---|---|---|---|
| Fixed-Rate Home Equity Loan | $150,000 | 80% | 15 yr | 6% 5 yr term |
| Variable-Rate Home Equity Line of Credit | $150,000 | 80% | 5 yr draw period | Prime Rate |
| *APR=Annual Percentage Rate. Property must be primary residence and must be located in Delaware, Florida, Maryland, New Jersey or Pennsylvania. All loan rates subject to change. |
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