Home Equity Line of Credit (HELOC)

Man using drill to build new deck

Put your home’s equity to work for you.

Equity is the difference between the appraised value of your home and what you owe on your mortgage. Your home’s equity can be made available to borrow against.

A home equity line of credit is a revolving credit line that allows you to use the equity you have in your home for just about anything. You can pay off credit cards, remodel your house, consolidate debt, finance a college education, go on a vacation… the list goes on! As you pay back your loan advances, those amounts again become available to borrow! (Suh-weet!)

Here’s what you get with a home equity line of credit:

  • Low minimum payments
  • Only pay on the funds you use
  • No prepayment penalties
  • No annual fee
  • Potential tax advantages*

Once your line of credit is set up, you can access funds through your account via eBranch, our online banking system, our Mobile Money app, by phone or in person at any branch.

Not sure if a home equity line of credit is for you? Our super-savvy loan specialists are always willing to help you work the numbers and guide you through your decision-making. Just give us a call at (319) 892-7300.

Apply for a home equity line of credit now!

Home Equity Rates

See what the going rate is for a HELOC with Linn Area Credit Union.

Debt Consolidation

Are your monthlies squeezin’ you? Our loan specialists may be able to help you wrangle all your debt into one easy-to-manage loan.

Get Your Credit Report

We all get a free copy of our credit report every year from each of the three credit reporting agencies.


*Consult your tax advisor on tax deductibility.
Low rates, no annual fee and a 25-day interest-free grace period. Um, yes please! And did we mention no balance transfer fees? I mean, what’s not to love? Apply now!
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