Home Equity Loans
Home Equity Loan
Turn Equity into Opportunity When you need funds for a significant expense, a Home Equity Loan from LES People’s FCU can help you move forward with confidence.
Members across New York City and some close areas can use their home’s equity to consolidate higher-interest debt, tackle major projects, or cover unexpected costs—all with the security of a fixed-rate, lump-sum loan.
Requirements
- ✔️ Receive 1 single lump sum
- ✔️ Fixed rates as low as 5.99% APR*
- ✔️ Flexible 10, 15 or 20 year terms
- ✔️ Borrow up to 80% of the available equity in your home—up to $100,000
- ✔️ Available on properties in NYC, and some selected areas outside NYC
To apply for our Home Equity Loan, please log in to your account. Not a member yet? Join LES People’s FCU today.
Home Refinancing
Lower your mortgage and strengthen your finances with Home Refinancing from LES People’s FCU. Refinancing can help you secure a better rate, reduce your monthly payment, or adjust your loan term to better fit your goals.
Members across New York City—and select surrounding areas—can refinance their existing mortgage with confidence, backed by competitive rates and personalized local service.
Refinancing Features
- ✔️ Competitive fixed mortgage rates
- ✔️ Flexible loan terms to match your financial goals
- ✔️ Potentially lower monthly payments
- ✔️ Refinance up to 80% of your home’s value
- ✔️ Available on properties in NYC and select areas outside NYC
To apply for Home Refinancing, please log in to your account . Not a member yet? Join LES People’s FCU today .
Contact one of our Member Service Representatives if you have additional questions at (212) 529-8197 ext.0126 or by emailing lending@lespfcu.org.
APR* = Annual Percentage Rate. The APR* is variable based on the U.S. Prime Rate as published in the Wall Street Journal, plus a margin (if applicable). HELOCs are variable rate products and rates may not exceed the maximum legal limit for Federal credit unions (currently 18%). Rates and terms are subject to change without notice. All offers of credit are subject to credit approval requirements and applicants may be offered credit at higher rates and other terms. Loan to Value (LTV) and/or Combined LTV (CLTV) restrictions apply. Hazard insurance is required on all loans secured by real property (flood insurance may also be required where applicable). Rate shown is based on borrower’s primary residence, a maximum CLTV of 70%, no initial draw required. The maximum amount for HELOC is $150,000. Closing costs will be paid by LESFPCU for loan up to $50,000. Must qualify for membership at LESPFCU at or prior to HELOC account opening.