Home » Loans » Home Loans » Second Mortgages
Need a loan? Just ask your house. A Second Mortgage Loan from Rutgers Federal Credit Union is a closed-end loan secured by the equity in your home. Use it for home improvements, debt consolidation or any other borrowing need.
  • 5,10,15 and 20 year terms
  • No application fees
  • No points
  • No appraisal fees
  • No processing fees
  • No prepayment penalty*

Note: Your home must be located in the state of New Jersey and be your primary residence to be eligible for this loan. The following documentation is required to process your second mortgage application:

  • Endorsement page of Title Insurance Policy
  • Copy of Deed
  • Current Mortgage information
  • Homeowner’s Insurance Policy (declaration page)
  • Current year and prior year tax returns
  • Fully completed residential loan application, available at any of our offices.

*Only applies if loan is active over 1 year.