Home Equity & Improvement Loans
Home Equity Loans
Home equity loans can be used for almost anything -- education expenses, bill consolidation, major appliances, etc. Interest paid on a home equity loan is often tax deductible (consult your tax expert, please). Velocity specializes in fast approval and closing of home equity loans, and we offer low (or no) closing costs* on most loans.
Home Improvement Loans
We offer loans designed to finance large or small home improvement projects -- from $5,000 to $100,000. Many of our loans offer quick processing with no closing costs to the borrower. Whether you plan to remodel, add a pool, install siding, purchase new windows, or build a new room, deck or patio, we'll help you improve your home while saving you money.
Questions? Contact our lending experts.
Lending Dept Hours
M-F 9AM - 5PM
Nationwide Mortgage Licensing System & Registry - Member Notice
In accordance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, Velocity Credit Union’s Nationwide Mortgage Licensing System Identification Number is NMLS ID: 657886.
Velocity Credit Union is in partnership with SWBC to provide mortgage services to credit union members. SWBC Nationwide Mortgage Licensing System Identification Number is 9741.
Individual Mortgage Loan Officer Identification Numbers may be obtained at the following website: http://www.nmlsconsumeraccess.org/
*Velocity pays up to $500 of your closing costs.