Home Loans

Mortgage/Real Estate Loans

 

 

 

Are you allowing the value of your home to work for you? A home equity line of credit (or HELOC) at Carter Credit Union just may be the financial tool you need. A HELOC allows you to tap into the equity built up in your home to help you reach your goals or invest it back into your property.

The equity in your home can be of great value during lifes ups and downs. Taking that bucket list vacation, consolidating debt, or making some much needed home improvements are just a few beneficial ways to use your equity. Our Carter representative will help you turn the equity in your home into collateral to finance a wide range of needs.

Carter offers competitively low rates and terms to meet your needs. Best of all, the interest may even be tax deductible!

Benefits:

• Competitive interest rates
• Interest may be tax deductible (contact your tax advisor)
• Flexible terms, customized to your situation
• A wide range of terms and lending options
• Friendly, personalized service from start to finish

Property subject to appraisal, loan to value, credit history restrictions, loan amount and conditions may apply. Rates, terms, and APR are subject to change without notice. Visit your Carter Representative and apply today!

 

Home Equity Line of Credit (HELOC) Restrictions

Carter Federal Credit Union offers Home Equity Line of Credit (HELOC) loans with the following property and residency requirements:

• Eligible Property Types: The property should be your primary residence or a secondary* residence.
• Ineligible Property Types: Manufactured homes, mobile homes, investment properties, and rental properties do not qualify for our HELOC program.
• Loan-to-Value (LTV) Restrictions in Texas: In accordance with Texas state law, the loan-to-value ratio for properties in Texas cannot exceed 80%.
• Geographic Eligibility: Our HELOC loans are primarily available to residents of Louisiana, Texas, and Arkansas. If you reside outside of these states, please contact us at 1-800-367-5026 to verify whether lending is available in your area before starting your application.

*Additional restrictions apply to secondary residences. Please contact us at 1-800-367-5026 to verify whether your secondary residence meets the property eligibility requirements before starting your application.

 

• HELOC Variable Rate Disclosure 
• HELOC Fixed Rate Disclosure

Apply for a Home Equity Line of Credit

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Contact Us

In our continued efforts to serve you better, Carter Credit Union has partnered with Credit Human. It is important that we meet our member's needs for manufactured home/mobile home loan programs that are not available within our market place today.

• Financing Availble for Home Only (land not included)
• New and used home financing and refinancing
• Financing in communities
• Single and multi-section financing

Property subject to appraisal, loan to value, credit history restrictions, loan amount and conditions may apply. Rates, terms, and APR are subject to change without notice.

Get Additional Information or Apply

Home Renovation Financing

Our Renovation Loan can increase your borrowing power. We'll work with you and help you borrow based on the value of your home after the renovation is complete.  That means you can do your complete project now with one loan - no mortgage refinancing required!

One of the best things? Our Renovation Loan comes with a free concierge service. We’ve partnered with RenoFi, a company dedicated to helping homeowners through the renovation process, to evaluate your entire project, help "nail down" your budget and assist you with screening contractors. 

Our Renovation Loan starts as a Gold Home Equity Line-of-Credit~ that you can borrow against to cover your renovation costs for up to 10 years as a variable rate, interest only loan. After 10 years, you transition into a 15 year repayment period. 

• Loan amounts from $50,000 to $250,000
• 15-year  repayment and no pre-payment penalty
• Borrow up to 90% of the after-renovation value*

With our great Renovation Loan, you can get started on your home today!

Apply for a Home Equity Line of Credit

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Want to learn more about our renovation financing?

Simply fill in the quick form below and we’ll have a concierge team member from our partner RenoFi contact you.

Renovation Loan Inquiry