Carolina Federal Credit Union
Carolina Federal Credit Union
1200 E. Church St.
Cherryville, North Carolina 28021
1-800-378-1955 toll free
704-435-0186 local
704-435-8061 fax
THE POWER OF EQUITY, THE SAFE WAY
Your home is a safe place. You’ve spent years investing and building equity. Now is the time to borrow money the smart way. A Home Equity Loan from Carolina Federal Credit Union is an affordable, safe way to maximize your spending options without depleting your savings, or relying on outrageous rates of bank and department store credit cards.
By using your CFCU Home Equity Loan, you’ll have access to a credit union loan whenever you need it, for whatever you need. Home improvements, education, vacations…your spending options are endless!
Facts about CFCU Home Equity Loans:
Great Rates
Possible Tax Advantages (*Consult your tax advisor first.)
No Origination Fees or Closing Costs
No Penalty for Early Payoff or Extra Payments
Potential Line-of-Credit Amount Up To 85% of Tax Value or Recent Appraisal
Maximum Loan Amount Not To Exceed $100,000
Minimum Equity/Loan Amount of $10,000
Stick-Built Homes Only
Must be Primary Residence
Draw Period is 10 Years
Payoff Deadline is 15 Years
Available for North Carolina Residents Only
The list above is incomplete. If you wish to receive more information, including a complete description of early disclosures, please contact our Loan Department by phone or e-mail. (Due to early disclosure requirements, an on-line application cannot be accepted.) We will be glad to mail the required information along with your application today!
At Carolina Federal Credit Union, members’ needs come first. We will work with you to make sure you’re getting the right loan for your needs, at a price that fits your budget!
