NCPD FCU offers two types of Home Equity Loans:
Home Equity Line of Credit
Members may borrow up to 75% of the appraised value of their home less any outstanding mortgages. The minimum loan amount is $25,000. LOC loans have a 10-year draw and a 15-year payback. Rate is based on Prime and may change quarterly.
Fixed Rate Second Mortgage
Members may borrow up to 75% of the appraised value of their home less any outstanding mortgages. Members may be approved for a loan of up to $100,000 with a minimum of $25,000. Term is 15 years.
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Check out our current rates on our rate board.