Mechanic Lien Loans
All loan rates stated as Annual Percentage Rate.
To speak to a Real Estate representative please call 915-926-2683.
- The funds must be used for home improvements and your property is used as collateral.
- TFCU only offers loans that have a first or second lien position.
- The amount is based on the following formula: 80% of the appraised value minus (-) the balance owed on property.
|60 Months||5.90% APR|
|120 Months||6.50% APR|
|180 Months||6.90% APR|
Loan Example: 60 payments of $19.29 for each $1,000 borrowed at 5.90% APR
Download Loan Application Form(s) below: