HOME EQUITY LOAN

Looking to put that addition onto your home or sending your student to college?  Superior has great Home Equity Loans and Lines of Credit to suit your needs!

Applying for a Home Equity loan is easy! Apply online or visit one of our three locations. 

For more about our rate match program, call 610-489-7239 Ext.4 for more info.

HOME EQUITY LOAN
In Montgomery County, PA

The Superior Choice Loan Program is designed to provide our members with a better alternative to the growing problems of payday lending loans. We have a strong interest in helping low and moderate income members manage their finances and meet their financial needs without resorting to high-cost, high-interest products such as payday loans. Superior Credit Union’s goal is to assist and educate members on wise financial management and budgeting so that the need for this type of loan diminishes and you build and maintain a stable savings / borrowing record to meet your future financial needs.

Home Equity Loan

Looking to put that addition onto your home, or sending your student to college?  Whatever the case, Superior has great Home Equity Loans and Lines of Credit to suit your need.

Using the value of your home, you can borrow against it to get you a lower rate and better terms.  Use the money for whatever you would like. 


Here’s the formula to find out how much you would be eligible for:

Appraised Value of Home X 80% – Balance of 1st Mortgage= Amount of Equity in your home to borrow

Ex: $200,000.00(Value) X 80% = $160,000.00

$160,000.00 – $100,000.00 (1st Mortgage) = $60,000

$60,000 is available to borrow

  • Terms:  up to 20 years
  • Financing:  up to 80% appraised value of home

Home Equity Line of Credit

Using the value of your home, you can borrow against it to get you a lower rate and better terms.  Use the money for whatever you would like.  Home Equity LOC’s work as revolving credit.  You can borrow and repay over 15 years.  


Here’s the formula to find out how much you would be eligible for:

Appraised Value of Home X 80% – Balance of 1st Mortgage= Amount of Equity in your home to borrow

  • Term:  15 years, 7 year draw, 20 year payback
  • Financing:  up to 80% appraised value of home

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Home Loans

LOAN TYPE TERM APR (As low as) (3)
HE (80% LTV) 0-60 MONTHS 7.24%
HE (80% LTV) 61-120 MONTHS 7.74%
HE (80% LTV) 121-180 MONTHS 8.49%
HE (80% LTV) 181-240 MONTHS 8.99%
HOME EQUITY LOC VARIABLE 8.50%

Real Estate must be

1-4 family residence located in PA, NJ, DE.

NMLS # 147386

Apply Today For Your Home Loan!

For Members: Never before has it been so quick and easy to apply for a new loan, track a loan in process, interact with our loan staff or view documents from an old loan. Simply apply for a loan online and take full advantage of our highly secure, next generation lending system.

For Non-Members:  Anyone can apply for a loan at Superior Credit Union! Upon approval, simply join Superior by opening a Share Savings Account with a minimum deposit of $5! Then you can start taking advantage of all our member benefits including your new loan! Visit one of our three locations today and bring your photo ID!

RATE MATCH

We value your membership with us!  We have made it our priority to make you as HAPPY with our rates and services as we can.  That is why we will  match or even beat the rates you can find out there.
If you get offered a better rate somewhere else, give us a call and we will look at being able to match and even beat that rate.  This applies to LOANS for Vehicles, Signature Loans, Boats, RV’s, and Home Equities.  We do have to make sure we are matching apples to apples, and verify the stipulations first.
*Superior will consider matching any rate presented.  However, it is not guaranteed to be matched.  Matching will depend of creditworthiness and type of application.
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