Improved Property
LGFCU offers a variable-rate and a fixed-rate second mortgage loan for Improved Property.
Closed-End, Fixed-Rate Second Mortgage
For members who want the security of a fixed rate. It may be used for a variety of reasons including debt consolidation or home improvements. May be secured by a primary residence.
- Maximum loan amount $50,000
- Maximum term 10 years
- Amount based on loan-to-value of the property securing the loan
- No origination fees or discount points required
- Life and Disability Insurance available
Best for members who are borrowing for a specific purpose. May be secured by a primary residence.
- Interest rate subject to change by a maximum of 1 percent per quarter and the cap over the life of the loan is 18%
- Maximum term 10 years
- Amount based on loan-to-value of the property securing the loan
- No origination fees or discount points required
- Life and Disability Insurance available
- Contact the Call Center at 888.732.8562 or
- Visit your local branch for an application
