Home Equity Loan Rates

Loan Type
APR* As Low As
Term
Home Equity Loans
3.75%
Up to 15 Years
Home Equity Line of Credit (HELOC)**
3.25%
Up to 15 Years
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Note: Any loan amount less than $5,000 would have a maximum term of 48 months.

*Annual Percentage Rate (APR) based on credit, equity, term and account relationships. Rates effective as of March 20, 2020.

**Annual Percentage Rate (APR) based on credit and equity. Variable rate tied to Prime Rate. Adjusted Quarterly.

Loan rates listed above show the best rate and apply to those with an excellent credit rating. Your rate may vary based on personal credit history and additional discounts provided to members based on their account relationships. All rates subject to change without notice. Credit union membership is required to obtain Linn Area products. $5 minimum deposit required.

Home Equity Loan (Second Mortgage) Example: For a $30,000 loan for a term of 15 years with a 4.50% APR, the monthly payment will be $229.50. The example assumes a credit score of 740. Rate assumes a loan-to-value (LTV) of 85% or less. Available rates and terms vary based on credit history and collateral. Taxes and insurance premiums are not included in the payment example. Homeowners insurance required. All loans subject to approval. Rates, terms, and conditions are subject to change.

Home Equity Line of Credit (HELOC) Terms: Home equity lines of credit are variable rate loans for a term of up to 15 years. The annual percentage rate (APR) may vary after the account is opened with variable rate tied to Prime Rate and adjusted quarterly. Available rates and terms vary based on credit history and collateral. If an appraisal is required, the cost will be paid by the member, who is responsible for the fee whether or not the loan closes. Homeowners insurance required. The minimum monthly payments may not be sufficient to repay the principal outstanding on your line of credit at the end of your loan term. At the end of your loan term, you will be required to pay the entire remaining balance in a single payment or re-qualify to refinance. Credit union membership is required to obtain Linn Area products. New member must meet account and membership eligibility requirements. $5 minimum deposit required. $30 loan processing fee is assessed at time of closing. Maximum interest rate cap of 21% APR. No additional finance charges imposed. All loans subject to approval. Rates, terms, and conditions are subject to change.

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