Home Equity Loan/Second Mortgage

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  • 5, 10, or 15 year term options
  • Minimum credit score of 680
  • Up to 95% TLTV

Perhaps you’re ready to make home improvements that add value to your home or eliminate your high credit card debt. Now is a great time to make it happen with a home equity loan/second mortgage from Liberty Financial. You can borrow any amount up to your established credit limit as needed, and interest paid on a home equity loan may be tax deductible.*

Apply for a home equity loan/second mortgage today! Apply Today
What information will ETFCU need to process my application?
  • Prior two years addresses and dates of residence.
  • Social Security number or tax ID.
  • Driver’s license or state issued identification card.
  • Prior two years employment information including employer contact and dates of employment.
  • Most recent W2 and pay stub for all income sources.
  • Two years federal tax returns, including tax applicable schedules if you are self-employed, have rental income, farm income or additional non-W2 reported income.
  • Alimony, child support or separate maintenance documentation if you wish to have it considered as basis for repaying this obligation.
  • Additional information may be required such as Divorce decree (if applicable) and/or proof of extra income such as rental income, dividends, Social Security, retirement, disability, pension, or welfare (supporting documentation is required).
  • Balance owed on all liens attached to the property including all mortgages as well as any home equity loans or lines of credit.
  • Most recent mortgage statement (if applicable).
  • Most recent property tax bill.
  • Most recent hazard insurance declaration page.
  • Most recent flood insurance declaration page (if applicable).

Fixed rate home equity loans are a minimum of $10,000.00 up to 95% LTV are available. Loans subject to credit review and approval. Collateral restrictions may apply. Adequate property insurance is required for all home equity lines of credit. Our 95% home equity loan has the same benefits and uses the same index as our traditional home equity loan and offers a low rate of just 1.5% above the prime rate. Rates vary based on LTV and loan term. There is a maximum cap of 18%. *Consult your tax advisor regarding interest deductibility.