Home Equity Line of Credit (HELOC)

Need funds now and in the future?

A line of credit allows you to borrow against the value of your home. This loan provides you ongoing access to funds once you are approved. As you repay your balance, the funds become available again for your use.


Features

  • Borrow up to 80% of your outstanding equity (Combined Loan To Value-CLTV)
  • No fees or out-of-pocket costs in most cases
  • No fee to convert to a fixed rate loan
  • Interest only payments for 10 years

Rates

Rates as low as
4.99% APR*

Compare Rates

Account Loan-to-Value APR* (as low as)
HELOC All Line Amounts
Up to 80.00%
4.99%
HELOC All Line Amounts
80.01% - 90.00%
6.00%
Home Equity Line of Credit Disclaimer

*Annual Percentage Rate (APR). Rate available for well-qualified borrowers with new HELOCs opened 03/22/18. Your rates may vary depending on your specific credit profile. Your rates are variable and subject to change at any time. Rate assumes auto-pay from LMCU checking account. Your rate will be based on the then current index and margin; rates will not exceed 12%. Home equity lines of credit are available for homes located in Michigan and limited counties in Florida. Rates and fees may differ in Florida. See branch for details.


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