Central Credit Union

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Loans and Mortgages

Loans and Mortgages

Home Equity Loans

A Home Equity Loan is a single disbursement sum of money with a fixed rate and term that is usually used for a specific purpose. With a Home Equity Loan, you receive the money up front and you start making payments immediately. The Credit Union offers various terms.

Features and Benefits:

  • Borrow up to 80% of the appraised value of your home, or 70% of the tax assessment value, less 1st mortgage balance
    • 70% is maximum LTV on condominiums
  • Only owner-occupied and second homes qualify for this product
  • Fixed interest rate
  • Fixed monthly payments
  • Financial security
  • No Application Fees
  • No Points
  • The Credit Union pays all Closing Costs for properties within Worcester County, except appraisals, if necessary. Any loan amount over $250,000 will require an appraisal. Title search fees may apply for properties outside of Worcester County or the state of Massachusetts, or properties obtained thru a foreclosure deed.
  • Interest may be tax-deductible (consult your Tax Advisor).

Several Payment Options:

Apply Now!

Would you like to know more? Contact us or visit any branch location and we'll get you started.


CentralNet Login

CentralNet Enrollment

For first-time login to CentralNet, use the password you selected when you opened your account.

If you do not have a password or have forgotten it, call 508-842-7400 or 800-527-1017.


Live Chat by LivePerson

Secure Chat is available
Monday through Friday
8:00 a.m. to 4:30 p.m.

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