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.

Home Equity Special Offer

You’ve chosen a great time to look into using your home’s equity, because we’re offering $100 off closing costs* when you take out a home equity loan or home equity line of credit (HELOC) through April 30. Learn more >>

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 consolidate credit card debt, remodel your house, 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 our online banking system, our mobile banking app, by phone or in person at any branch.

Apply for a home equity line of credit now!

Set up a personalized consultation

If you’re interested in learning more about how to tap into your home’s equity, you’re in luck!

Our home equity expert Debby Behnke is holding free, one-hour personalized consultations in March! She’ll lay out the differences between a home equity loan and home equity line of credit and answer all your questions! The consultation may be held in person or over the phone, whichever you prefer. (If you choose an in-person consultation, please understand that we will be following all CDC guidelines.) All homeowners are welcome, even if your mortgage isn’t with Linn Area Credit Union.

Reserve your spot today!

Home Equity Rates

See what the going rate is for a HELOC with Linn Area Credit Union and learn more about rate terms.

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. All loans subject to approval.
What would you do with an extra $2,000? For real-skies. I recently had a member come in to talk about getting a boat loan. As I began the going through the application process, I noticed that this member had a…
I’ve talked before about how I used to have a bit of credit card debt. I thought you might be interested to know how I managed to say sianara to it. :o) I had four credit cards with varying balances…