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.

 

Contact Us

Need advice, have a question, or want to open an account?

Call or email
The Link
574.294.6553, opt 5
800.645.3732, opt 5

memserv@inovafcu.org

Our mission is to improve our members' financial well-being.

                    
Your savings federally insured to at least $100,000