|Home Equity Loans||
|Home Equity Line of Credit (HELOC)**||
Note: Any loan amount less than $5,000 would have a maximum term of 48 months.
*Annual Percentage Rate (APR) based on credit, equity and term. Rates effective as of May 20, 2019.
**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. All rates subject to change without notice. Credit union membership is required to obtain Linn Area products. $5 minimum deposit required.
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. All loans subject to approval. Rates, terms, and conditions are subject to change.