-
Overview
No hiccups, no hassle
If you own your home but don’t have a ton of equity just yet, you can still borrow the money you need with a Homeowner Advantage loan — no collateral required.
Whether it’s for a vacation or renovation, how you spend the money is up to you.
As long as you have a good, solid credit history and a home in your name, you can make the most of our Homeowner Advantage Loan.
- Borrow as much as $40,000 or as little as $5,000.
- Set your payment term for any length of time, up to 10 years.
-
Rates
Homeowners Advantage Loan Rates
Annual Percentage Rate (APR) Homeowners Advantage Loan 12.49% to 17.99% *APR = Annual Percentage Rate. The APR you receive for advances will be within the range disclosed above and is based on the member's credit history. Not all members will qualify for the best or lowest rate and the credit union will evaluate your credit history at the time of every advance. No Equity Required. All loans are subject to approval. Rates, terms, and conditions are subject to change.
Homeowners Advantage Loan Payment Example: For a $20,000 loan for a term of 6 years with a 11.99% APR, the monthly payment will be $390.94. Taxes and insurance premiums are not included in the payment, and the actual payment obligation may be greater. -
Calculator
Personal Property Loan Calculator
Loan Payment Calculator
-
Questions
Frequently Asked Questions
-
You can now apply online through our virtual online banking tool.
There is a $35.00 loan processing fee due when you apply for a loan.
If you do not have access to online banking, please contact us by phone or email to request a loan application, or come into one of our branches:
Pat: 615-230-5433, ext. 2037, pat@lifecu.org
Christa: 615-230-5433, ext. 5439, christa@lifecu.org
Cristy: 615-230-5433, ext. 3236, cristy@lifecu.org
-
You don't have to fill out a mile-long application to buy something you love.
Apply Online