Home Equity Loans

Smiling woman looks at paint chips with workers in background

What can you do with a home equity loan (aka second mortgage)?

Equity is the difference between the appraised value of your home and what you owe on your mortgage. Equity is the part of your home’s value that belongs to you… so you can borrow against it!


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 >>


So, to answer the question: A home equity loan allows you to use the equity you have in your home for just about anything. You can consolidate credit card debt, remodel your house… you get the idea! Plus, the interest may be tax-deductible*.

If you have a particular project or purchase in mind and know the amount you want to borrow against your home’s equity, this type of loan may be great for you. Here’s what you get with a home equity loan:

  • A low rate and low payment
  • Flexible length of loan terms
  • No prepayment penalties
  • Potential tax advantages*

If you’d like to apply for a home equity loan, our home equity specialist Debby Behnke will be happy to get you started! Contact her at (319) 892-7337 or dbehnke@linnareacu.org.


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 Loan Rates

See what the going rate is for a home equity loan at 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.

Automatic Payments

Set up payments to come out of your account automatically. Never forget a payment again!


*Consult your tax advisor on tax deductibility. All loans subject to approval.
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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…