Courtesy Lien

A home equity loan with amazing rates.

Imagine a home equity loan that touts the same great rates as an auto loan. Our Courtesy Lien is just that. This tax advantage loan is a home equity loan that offers the same great rates as our standard vehicle loans. If you’re a homeowner, you can take advantage of this opportunity to combine INOVA FCU’s low interest rate auto loans with potential income tax savings.

Requirements:

• You must complete a current loan application.
• Your loan must be taken out on your primary residence.
• You must provide title and mortgage information.
• Your property must be located in Indiana or Michigan.
• You must be a Purpose 0, 1 or 2 member to qualify.

Benefits to You:

• It’s easy to apply—all you need is a copy of your deed or mortgage and a copy of your home owner’s insurance policy.
• You may borrow up to 115% of the value for new and used vehicles. Up to 100% financing is available on vehicles refinanced by other lenders. Qualified auto loan rates are applicable to this loan.
• You’ll save money on your income taxes since the interest is, in most cases, tax deductible.
• You’ll appreciate the fact that there are no prepayment penalties, no appraisal and no equity in your home is required, and although there is a low processing fee of $100.00, there are currently no closing costs.
• You can take advantage of terms up to 72 months and flexible repayment options including online access and preauthorized transfers from an INOVA FCU checking or savings account.