Home Equity / Second Mortgages

St. Luke Parish Federal Credit Union offers 4 products with a variety of fixed and variable rates, line of credit loans, or fixed term loans. Currently we charge no closing costs for these loans. Call or stop by for an application.
  • Borrow up to $100,000 (Maximum of 80% of your home’s appraised value less your first mortgage balance)
  • Terms up to 14 years
Use the cash to make home improvements, consolidate high interest loans, finance a college education or take a vacation or whatever you would like to do. Note: always check with your tax advisor to determine the tax deductibility of the interest paid on this loan.

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