Real Estate Lines of Credit

You take care of your property. Let it take care of you.

Sometimes, an influx of cash is just what you need to achieve a dream or fulfill a need. If you own a home or other property, you may have enough equity (basically, market value minus what you owe on it) to set up an affordable line of credit. Let's talk!

3-2-1 RELOC

• Available for primary residences, summer homes, and land
• Three repayment terms available: 5, 10, or 15 years
• Two years to access your funds
• One interest rate for the life of the loan
• Easy application process 
• One-on-one assistance from a knowledgeable member of our lending team

Real Estate Line of Credit (variable rate)

• Available for real estate including primary residences, summer homes, investment properties and land
• Access funds for up to ten years
• Access money easily through checks, digital banking, and at NorthCountry branches
• Pay interest only on the amount of money you actually borrow

Completing the Application

When you open the online application, a "Purpose of your Loan" box will appear with three options. Choose the one that best suits your request:

• "Purchase a Home" - You will be using your line of credit to purchase a home or land.
• "No Cash-Out Refinance" - You want to refinance your current line of credit without increasing it.
• "Cash-Out Refinance" - You are requesting a new line of credit or would like to increase an existing one.

If you aren't sure how to answer a question, go ahead and skip it. We'll contact you later with any questions.

If you're not yet a NorthCountry FCU member, the first step to accessing our exclusive products is to open a savings account with a minimum balance of $5. You can do so by completing an account application** online.

Annual percentage rates (APRs) are "as low as" for the approximate terms listed for homes with a loan-to-value (LTV) of up to 80%. Your actual rate will be determined by your credit qualifications and the term you choose. Rates may change at any time. Fees range from $300 to $400. Appraisal, 40-year title examination, and title insurance fees may also apply.

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