INTEREST ONLY PAYMENTS DURING THE 5 YEAR DRAW PERIOD!
Line of credit Limits from $15,000 to $150,000**
Financing up to 100% LTV**
NOFFCU Pays the Closing Costs: NOFFCU pays up to $500 for customary closing costs which includes credit report, attorney's fees and Flood Zone Determination Certificate.
For a limited time, NOFFCU also pays the appraisal fee!
Repayment Period Up To 15 Years After Draw Period Expires.
* Rates as low as Prime subject to credit qualifications. This is a Variable Rate Loan Product Adjustable Semi-annually. Rate is subject to change in accordance with the index The index is the prime interest rate as published in Wall Street Journal.
No other NOFFCU Interest Rate Discounts Apply.
**Single Family Owner Occupied Principal Residences located in Louisiana and MIssissippi only. Subject to credit and collateral qualifications.
Minimum Initial advance of $5000 required at Inception of loan.
Properties located in New Orleans Parish are subject to a Transaction Fee of up to $325.00 at Member's expense.
Repair/Renovation Home Equity Line of Credit Loan
Rates as low as 5.25%***
Loan Amounts from $15,000 up to $150,000
Interest Only Payments during the draw period
No Annual Fees
$450 Loan Admin Fee at inception of loan (Owner Occupied Single Residential Dwellings Only).
Variable rate subject to change in accordance with index which is prime interest rate as published in Wall Street Journal.
***Maximum loan to value subject to credit and collateral qualifications.
Properties located in Orleans Parish are subject to a Transaction Fee of up to $325 at member's expense.
No Other NOFFCU Discounts Apply.
We do business in accordance with the Federal Fair Housing Law and Equal Credit Opportunity Act.
