Kaiperm Home Equity Loans
(2nd Mortgages)
A fixed rate 2nd Mortgage loan is ideal for when you know exactly how much you want to borrow. You will receive your funds in a lump sum, with the convenience of a low, fixed rate and fixed payment amount. Borrow up to 75% of your home’s value¹.
- Primary residence must be located in California
- Easy and speedy application process
- Fixed rate
- Terms up to 180 months
- Maximum loan amount of $300,000
for higher amounts please contact us at loans@kaipermcu.org
Our loans rates
2nd Mortgages Loans:
| Term | Fixed Rate APR |
|---|---|
| 5 years | 3.75% |
| 10 years | 4.00% |
| 15 years | 4.00% |
* APR – Annual Percentage Rate is subject to change and may vary depending on evaluation of credit history, so your rate may differ.
This Variable APR (Annual Percentage Rate) will vary with the market based on the 91 Day Treasury Bill as published on the third Thursday of each month. Rates are effective on the 1st day of the month and can change monthly.
Ready to apply for a loan?
Here’s what you’ll need:
- 1003 Application
- Applicant Checklist
- Appraisal Acknowledgement
- Borrowers Authorization
- Fair Lending Notice
- HUD Approved Housing Counseling Agencies
- Purpose of Loan
- Vesting Worksheet
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A Safe Place for Your Money
Kaiperm members can find comfort in knowing that no matter the size of your deposit, every dollar is safe, secure and 100% insured by the NCUA, up to $250,000. We're here to keep your assets safe as they grow.