Home Equity Application ^top

Before You Apply

The minimum equity loan or line of credit is $5,000. If you need less than that amount, please call our Tele-Banking Center at 585.336.1000 or 800.848.2265 to discuss other options. Or, stop by any ESL branch and speak with a representative.

Presently, ESL accepts applications for properties located in New York State in the following counties only; Erie, Genesee, Livingston, Monroe, Niagara, Ontario, Orleans, Seneca, Wayne, Wyoming and Yates. Please provide all of the requested information. When you have completed the form, press the SUBMIT button to send your application for processing. You will hear from us within two to four business days about the status of your application.

What You'll Need

The application will take approximately 10 to 15 minutes to complete. You will need:

Telephone numbers, addresses, and Social Security number(s) for any persons listed on the application.
Your residency and work history.
Current mortgage information.
Estimated current market value of your home.
Account names, monthly payments and balances for any debts you want to consolidate.

Required Reading

If you are applying for a home equity line of credit you must read The Consumer Guide to Home Equity Lines of Credit. You'll be asked to confirm that you have read this information in order to begin your application for credit. You will also receive a written copy of the disclosure in your initial loan disclosure package.
If you are applying for an ESL home equity line of credit you must read the Important Terms of an ESL Federal Credit Union (ESL) Home Equity Line of Credit. You will also receive a written copy of the disclosure in your initial loan disclosure package.

Application ^top

I have read the Important Terms of an ESL Federal Credit Union (ESL) Home Equity Line of Credit

I have read the The Consumer Guide to Home Equity Lines of Credit.

About Your Loan

What type of loan are you applying for? Home Equity Line of Credit
Increase to Existing Home Equity Line (minimum increase is $5000)
Fixed Rate Home Equity Loan

Fixed Rate Home Equity Loan Term (4 to 20 yrs):

Total Amount Requested (minimum total loan or line of $5,000) (Calculator)

Loan Purpose Bill Consolidation
Other

Will this loan pay-off an existing first mortgage, a home equity loan/line, or other real-estate secured loan?

Yes No

Where would you like to sign your legal documents?

Would you like to apply for...

Group Credit Life Insurance?

Single Joint None

Group Disability Insurance?

Single Joint None

Insurance is available for Home Equity Lines of Credit only. Applicant must be under age 66.

Payment Options

All Home Equity Lines of Credit are due on the 25th of the month.

Automatic deduction from ESL checking or savings account

Member Number
Account Number

Direct Billing

About Applicant(s)

Your Email Address

PRIMARY APPLICANT

My intent is to apply for joint credit? Yes
No

Member Number

First Name

Middle Initial

Last Name

Date of Birth (mm/dd/yyyy)

Social Security Number (xxx-xx-xxxx)

Home Telephone (include area code)

Street Address

City

State (ie. NY)

Zip

How Long at residence?

Years

Months

Your Current Employer

Employer's Name

Occupation / Title Permanent Supplemental

Business Phone (include area code)

Extension

How Long at employer?

Years

Months

Self-Employed? Yes No

Gross Salary/Income

Annually Monthly Bi-weekly Weekly

Your Previous Employer (if less than 1 year at current employer)

Employer Name

How Long at previous employer?

Years

Months

Additional Monthly Income, if applicable

Amount

Source

Please list other sources of income, such as second employers, social security, MET Pension, investments, SIP/401K, rental income, etc. Alimony, child support, separate maintenance income need not be revealed if you do not wish to have it considered as a basis for repayment.

Applicant Investment Accounts

Please list the estimated balances in the following accounts...

Mutual Funds $

SIP/401K $

Stocks/Bonds $

IRA $

Other Assets $

If no Co-Applicant, skip to Financial Information.

CO-APPLICANT

My intent is to apply for joint credit? Yes
No

Member Number

First Name

Middle Initial

Last Name

Date of Birth (mm/dd/yyyy)

Social Security Number (xxx-xx-xxxx)

Home Telephone (include area code)

Street Address

City

State (ie. NY)

Zip

How Long at residence?

Years

Months

Your Current Employer

Employer's Name

Occupation / Title Permanent Supplemental

Business Phone (include area code)

Extension

How Long at employer?

Years

Months

Self-Employed? Yes No

Gross Salary/Income

Annually Monthly Bi-weekly Weekly

Your Previous Employer (if less than 1 year at current employer)

Employer Name

How Long at previous employer?

Years

Months

Additional Monthly Income, if applicable

Amount

Source

Applicant Investment Accounts

Please list the estimated balances in the following accounts...

Mutual Funds $

SIP/401K $

Stocks/Bonds $

IRA $

Other Assets $

Financial Information

Please list all debts.

Creditor	Purpose	Monthly Payment	Balance	Will you pay off balance with this loan?
				Yes No

				Yes No
				Yes No
				Yes No
				Yes No
				Yes No

Property Description

Please provide us with information about the property that will secure your Equity Line of Credit or Equity Loan.

Property Address

Town

County

City

State (ie. NY)

Zip

Property Type Single Family Duplex Condo PUD Manufactured/Mobile Home

Estimated Value

List major property improvements in the last 5 years, if applicable.

Other Real Estate Owned

Property Address	# of Units	Mortgage Balance	Name of Lender	Gross Rental Income	Monthly Mortgage Payment	Monthly Taxes & Insurance Payment (if not escrowed)

Information for Government Monitoring Purposes

The following information is requested by the federal government for certain types of loans related to a dwelling in order to monitor the lender's compliance with the equal credit opportunity, fair housing, and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so. You may select one or more designations for "Race." The law provides that a lender may not discriminate on the basis of this information, or on whether you choose to furnish it. However if you choose not to furnish the information and you have made this application in person, under federal regulations the lender is required to note ethnicity, race and sex on the basis of visual observation or surname. If you do not wish to furnish the information please check below.

Applicant

I do not wish to furnish this information.

Ethnicity

Hispanic or Latino Not Hispanic or Latino

Race

American Indian or Alaskan Native

Asian

Black or African American

Native Hawaiian or Other Pacific Islander

White

Sex

Female Male

Co-Applicant

I do not wish to furnish this information.

Ethnicity

Hispanic or Latino Not Hispanic or Latino

Race

American Indian or Alaskan Native

Asian

Black or African American

Native Hawaiian or Other Pacific Islander

White

Sex

Female Male

APPLICANT(S) PLEASE READ BEFORE SENDING

You promise all the information given on this application is true, correct, and complete to the best of your knowledge. You understand the lender will retain this application whether approved or declined. The lender is authorized to check your credit and employment history and to answer questions from others about its credit experience with you. ESL may request a credit report in connection with this application for credit and any credit update, renewal, or extension of credit. Upon request, ESL will tell you whether or not a consumer report was obtained and if such a report was obtained ESL will furnish you with the name and address of the consumer reporting agency furnishing the report.

I have read the above as well as the Terms and Conditions Listed below.

Important Terms of an ESL Federal Credit Union (ESL) Home Equity Line of Credit

The Consumer Guide to Home Equity Lines of Credit

Thank you for choosing ESL for your Home Equity Line of Credit or Home Equity Loan. After pressing "Submit" your loan application will be referred to the Lending Center for final consideration. You will be contacted shortly for any additional information required to process your loan.