Mortgages

A first-place mortgage is a mortgage that has the first claim on the property in case of default. A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows you to borrow against the equity in your home. HELOCs often finance home improvements, pay off high-interest debt, or cover emergency expenses.

Here are some credit unions that offer first-place mortgages and HELOCs:

1. Space Age Credit Union: Offers 1st place 2nd mortgage and HELOC loans with rates as low as 8.50% APR¹.
2. Peoples Home Equity: Offers a wide array of loan programs, including first-time homebuyer programs, FHA, and VA loans².
3. PenFed Credit Union: Offers a home equity line of credit with rates as low as 4.8% APR³.
4. Alliant Credit Union: Offers APRs starting at 8.75% and CLTV 80% with a minimum credit score of 620¹.

Here are some of the  Banks.

1. Fifth Third Bank: Offers a HELOC rewards credit card and APRs starting at 8.50%¹.
2. Flagstar Bank: Offers low APRs and CLTV 80% with a minimum credit score of 6.80¹.
3. Bank of America: Offers APRs starting at 7.49% and CLTV at 8.5%¹.
4. Citizens Bank: Offers APRs starting at 8.50% and CLTV at 8.5%¹.
5. Truist: Offers APRs starting at 10.05% and CLTV 80%¹.
6. BMO U.S.: Offers APRs starting at 6.99% and CLTV 85% with a minimum credit score of 650¹.