Homeowner Express Loans
We’ve reimagined the personal loan with the Homeowner Express loan for Amplify Credit Union members.
Homeowner Express FAQs
If you are unfamiliar with our Homeowner Express (HOEX) loans – or personal loans in general – you might have questions about how the application process works. In this section, we’ll do our best to break down some of the key points and provide you with important information about a personal loan.
Why do I need to be an Amplify member to apply?
Homeowner Express loans are a unique product designed specifically for our members. Because of the unique benefits these loans offer, we want to make sure that these loans are available to those who have a vested interest in the success of our community.
Do I need to have a mortgage with Amplify to apply?
No. Our Homeowner Express loans are a form of personal loans that use your status as a homeowner as proof of your creditworthiness. You do not need to have an mortgage – active or closed – to apply. If you have a loan with another financial institution or have paid off your mortgage in full, you are eligible.
Do you have a required credit score for HOEX loans?
To be considered for a HOEX loan at Amplify, you must meet standard credit application qualifications as well as have a good-to-excellent credit score. You can learn more about credit score ranges on the Equifax website.
Does applying for a HOEX loan hurt my credit?
When you apply for a Homeowner Express loan at Amplify, our lending team will perform a “hard pull” on your credit history. Hard inquiries do appear on your credit history and too many hard inquiries can impact your credit score. For more information on hard credit pulls, visit the Equifax website.
* Annual Percentage Rate (APR). Rates effective as of 8/01/2023. Final rate and terms offered will be determined by your credit history and underwriting guidelines. Subject to credit approval. Homeownership and Amplify membership required; additional restrictions, limitations, and exclusions may apply; please contact an Amplify representative for further details. All Amplify loan programs, rates, terms and conditions are subject to change at any time without notice.
* Payment example: 36-month homeowner express loan of $10,000 at 8.50% APR will have an estimated monthly payment of $316.80.