Home Equity Lines of Credit
No Doc Fast Equity Home Loans
Fixed Rate Second Mortgages
Credit Life and Disability Insurance

Home Equity Lines of Credit

At Viriva, homeowners can take advantage of the equity in their home to get the cash they need.  With a Home Equity Line of Credit, you’ll enjoy a variable rate for the term of the loan.  Simply apply for the Line of Credit, and qualified members will be approved for a certain amount.  We’ll also provide you with a customized checkbook linked to your HELOC, so accessing your funds is as easy as writing a check. If you’re a homeowner in need of some cash, this may be the solution for you!

• Competitive rates and terms up to twelve years
• 80%-100% loan-to-value (LTV) financing*
• Instant decisions when you apply online.  
• 7-year draw period
• Credit Lines up to $75,000*

*For qualified borrowers.

No Doc Fast Equity Home Loans

• Financing up to $50,000
• No income documentation required

To qualify:

1. Own and reside in the home being used as collateral.
2. Good credit history (credit score of 680 or above).
3. Have at least 5 credit bureau tradelines (currently outstanding or paid loans/credit cards that appear on your credit report).

Fixed Rate Second Mortgages

If you’re a homeowner looking for the stability of a fixed rate and term for your home equity loan, then a Second Mortgage may be the option for you.  With this type of loan, homeowners enjoy a stable rate and term for the duration of this loan, which uses the equity of your home to determine your amount.

Credit Life and Disability Insurance

Your unexpected disability or death can affect your household's income level and change your family's standard of living in an instant, making household financial commitments difficult to meet.  Coping with your disability or death can be emotionally and physically stressful for your family.  Struggling to make loan payments on a reduced or lost income is another heavy burden your family shouldn't have to bear.  When you choose to protect your loans with MEMBER'S CHOICE® Credit Life and Credit Disability Insurance, you're planning for your family's financial future.*

With payment protection like MEMBER'S CHOICE Credit Life Insurance, if you pass away and your claim is payable, your eligible loan balance is reduced or paid off.  With MEMBER'S CHOICE Credit Disability Insurance, if you're disabled due to injury or sickness, your loan payments will be paid until you're no longer disabled, your loan is paid, or you reach the policy maximum.*

The benefits of MEMBER'S CHOICE payment protection:

• Simple and quick enrollment - on your enrollment document, choose the credit insurance you prefer

• Immediate coverage - when the loan closes, you're covered

• Easy payment  - premium is included in monthly loan payment

• Financial security - coverage reduces or pays off your loan balance in the event of death or makes loan payments in the event of disability

• Peace of mind - know that your family won't struggle to make loan payments

• Complements existing insurance - credit life and credit disability insurance covers your loan payments so other funds can be used to care for your family's day-to-day expenses

• Maintains family's living standard - loan payments are made so family assets and savings are preserved

 *Be sure to read the Credit Insurance Application and Certificate of Insurance which will explain the exact terms, conditions and exclusions of the policy.  Eligibility requirements including age maximums, working requirements and health questions may apply.  Also, benefits may be subject to a waiting period.  The policy may include maximum coverage or benefit amounts and/or durations.  Exclusions for pre-existing conditions, normal pregnancy, intentional injury, air travel and/or atomic explosions may apply.