Allegacy Loan Disclosure

HELOC

Applicant must be eligible for membership in Allegacy FCU.
The loan application review is subject to:
- Verification of credit and income for all borrowers.
- Verification of the property value.
- Determination of the applicant's creditworthiness.
- The property meeting Allegacy's collateral guidelines. Singlewide mobile homes and doublewide mobile homes manufactured before June 1976 are not within our acceptable guidelines.
Applicants will be responsible for any combined fees in excess of $500.00.
The interest rate is subject to determination of the applicant's creditworthiness.
The loan request may be subject to a title examination.
Borrowers must maintain a sufficient level of hazard insurance protection to cover the new loan amount plus the first mortgage balance.
Accounts will be reviewed on an annual basis to determine eligibility.
Subject property must be located in CA, CT, DC, DE, FL, GA, IL, IN, MD, NC, NJ, NY, PA, SC, VA or WV. Loans are subject to the legal requirements of their states.
Allegacy must assume first or second mortgage position.
Additional documentation may be required.
Final rate to be set by branch.