Second Mortgage Loan

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

Closed-End, Variable-Rate Second Mortgage

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

To apply:

  • Call the Contact Center at 888.732.8562 or
  • Visit your local branch for an application

2nd Mtg
Term: 10 Years
Payroll or Funds
Transfer APR: 8.75
Direct Pay APR: 9.25
Comments: Improved Property
Apply Now
2nd Mtg
Term: 10 Years
Payroll or Funds
Transfer APR: 9.75
Direct Pay APR: 10.25
Comments: Improved Property
Apply Now
APR: Annual Percentage Rate
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