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Home Equities

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Home equity loans and lines of a credit are one of your most affordable and flexible options for borrowing.

Secured by the equity in your home, home equity loans and lines of credit are typically more affordable than unsecured forms of borrowing. Use the money for anything you need, including home improvements, an emergency fund, a vacation, back to school expenses, college tuition, or to consolidate your bills.

1.99% Intro APR3 for 12 Months. Limited time offer!

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Home Equity Rates

As low as 3.25% APR2

·   No application fee   ·
 
Term 1st Lien APR1 As Low As 2nd Lien APR1 As Low As
5 years
4.50%
5.00%
10 Years 5.00%
5.50%
15 Years 5.25%
5.75%
Line of Credit
12 Month Intro Special3
Limited time!
1.99% 1.99%
Line of Credit2 3.25%
3.25%
What's the difference between 1st and 2nd lien, you ask?
If you currently have a mortgage loan or other home equity loan or line of credit, your new home equity loan would be a second lien on the property. If you don't, your home equity is the first lien.
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Pro Tip:

Getting ready to retire?

Prep your budget by consolidating your monthly payments via a home equity loan. Simplify your finances and save!

Line of Credit vs. Fixed Loan. What's the Difference?

Line of Credit Fixed Loan
Uses
  • Ideal for multiple, convenient purchases or expenses over time
  • Remodeling, education, emergency fund, etc.
Uses
  • Ideal for one-time expenses
  • Remodeling, debt consolidation, retirement prep, vehicle purchase, etc.
Rate
  • Variable, based on Prime
  • Adjusted quarterly
Rate
  • Fixed (stays the same over the life of the loan)
Term
  • Up to 18 years (access to credit for the first 8 years, then 10 years for pay-off)
  • No pre-payment penalty, unless the line of credit is closed in the first 3 years
Term
  • Up to 15 years
Amount
  • $10,000 – $250,000
  • Combined loan-to-value up to 100%
Amount
  • Up to $250,000
  • Combined loan-to-value up to 100%
Limitations
  • Must be owner occupied
  • Residence or second residence
  • No land contract
Limitations
  • Must be owner occupied
  • Residence or second residence
  • No land contract
Costs
  • Appraisal fee, if applicable
Costs
  • Appraisal fee, if applicable

More To Explore


Rates effective Thursday, October 8, 2020.

1 APR = Annual Percentage Rate. Rates are the lowest rate available. Your rate may be higher based on your credit history, term, lien position, and collateral. No down payment is required to obtain the stated rates, when the loan to value ratio is below 90%. To apply for a loan or receive additional information, please contact us at 269.382.7800. Verification of income may be required. Property insurance required. Programs, rates, terms and conditions are subject to change without notice. Payment example: 60 monthly payments of $18.65 per $1,000 borrowed.

2 APR = Annual Percentage Rate. A Home Equity Line of Credit is a variable-rate loan. Max loan amount is determined by the equity in your home, based on appraised value. The APR is based on an index, the Prime Rate per the Wall Street Journal and could change at any time. To determine your APR, a margin will be added to your current index rate. In no event will the regular APR be less than the Prime Rate or more than 15.00% or the max rate allowed by applicable law. The minimum monthly payment may change as a result of rate changes. Verification of income may be required. Property insurance required. Please see branch for details.

3 APR = Annual Percentage Rate. After the intro APR expires, balance will be subject to the regular rate disclosed at the time of your closing, determined by your creditworthiness. Verification of income may be required. Property insurance required. Max loan amount is determined by the equity in your home, based on appraised value. The APR is based on an index, the Prime Rate per the Wall Street Journal, and is current as of 4/1/21 and could change at any time. To determine your APR, a margin will be added to your current index rate. In no event will the regular APR be less than the Prime Rate or more than 15.00% or the max rate allowed by applicable law. The minimum monthly payment may change as a result of rate changes. Please see branch for details. Membership eligibility guidelines apply. 

NMLS #822986

The legal age to apply for and obtain credit is 18 years of age.

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How Do I...

We offer several convenient options for making your loan payment. Learn more.
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