Second mortgages are available on primary residences only. Loan to value shall be the greater of 75% of county tax appraisal or 80% of certified appraisal, less the balance of the first mortgage. These loans are in-house mortgages and therefore, have loan competitive rates and lost closing costs.
Lowland Credit Union is an equal housing lender and will conduct business in accordance with the Federal Fair Housing Act. The credit union will not discriminate against any member on the basis of race, color, sex, religion, or national origin regarding loans for the purpose of purchasing, construction, moving, repairing or maintaining a dwelling. The credit union will comply with all other federal and state laws and regulations. |
