North East Welch Federal Credit Union

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Home Equity

Home equity loans allow qualifying borrowers to obtain credit based on the equity in their home. The Credit Union offers closed-end home equity loans to Our Members that have their primary residence in Erie County PA or Chautauqua County NY*.  NMLS #929900

  1. Maximum loan amount shall not exceed 80% of the value of the home minus any current mortgages or liens.
  2. Rates and Terms: The Home Equity rate will be fixed for the term of the loan. Terms offered are 60 months – 180 months.
  3. Limits: Minimum amount of $5,000 must be borrowed. Maximum amount of $100,000 may be borrowed.
  4. **Contact the credit union for special rates and terms for Home Equity Loans in Chautauqua County NY. 


Competitive mortgage financing…from a lender you can trust.

At North East Welch FCU, we’re committed to providing you with competitive, convenient and responsible mortgage financing options. Whether you’re purchasing your first home or refinancing an existing mortgage, we’ll work with you to identify your needs and goals, then tailor your mortgage accordingly.

Here are just some of the benefits you can expect:

  • a secure online application process;
  • fixed- and adjustable-rate options;
  • competitive interest rates; and
  • low fees and affordable closing costs.

To learn more about our mortgage financing options, contact us today at 814-725-8190.

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As part of its Know Before You Owe mortgage initiative, the CFPB (Consumer Financial Protection Bureau) has released Owning a Home, an interactive, online toolkit designed to help consumers as they shop for a mortgage. The suite of tools gives consumers the information and confidence they need to get the best deal.