FourLeaf Federal Credit Union HELOC
FourLeaf Federal Credit Union
NMLS #449104
4.3
Copiafy Score
APR
7.50%
Variable Rate
Loan Range
$10,000
to
$1,000,000
Term
30
years
Min Credit
720
score
Introductory Rate
5.99% for 12 months
Then 7.50% variable APR
Expert Take
FourLeaf Federal Credit Union stands out for its good rates, no fees, and clear terms about who can get a loan. It also scores high for having many ways to contact them and being available in almost every state. The main problem is slow funding time. Also, people who are not comfortable with technology might be worried about having no physical branches.
Pros & Cons
Pros
- FourLeaf rates are very good - lower than the national average.
- The credit union pays the closing costs on credit lines up to $500,000. You will not pay application, appraisal, or origination fees either.
- You can change some or all of your variable-rate HELOC to a fixed-rate HELOC without paying a fee. You can choose between 5, 10, and 20 year payment plans.
Cons
- FourLeaf does not offer a separate home equity loan product.
- If you close your HELOC within three years of opening it, you will need to pay back the closing costs FourLeaf waived, which could be anywhere from $500 to $15,000.
- Even though it is available almost everywhere, physical branches are only in New York.
Product Details
Customer Reviews
2.0
6 reviews
Quick Facts
Lender Type
Credit Union
Funding Time
35-38 days
Availability
50 states
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