Home Equity Loan

The perfect way to affordably finance home improvements, renovations, repairs and appliance purchases. You can also use it to consolidate high-interest debt. The MaxEquity program includes two flexible loan options: a revolving line of credit, and a fixed loan. Both options allow you to pay off the balance on your own terms.


Rates Comparison

Home Equity Line of Credit / Variable Rate

Account Loan-to-Value APR* (as low as)
HELOC All Line Amounts
Up to 80.00%
4.49%
HELOC All Line Amounts
80.01% - 90.00%
5.50%
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.

Home Equity Fixed Rate

Account Loan-to-Value APR* (as low as)
Fixed Rate – Owner Occupied
Up to 80.00%
4.49%
Fixed Rate – Owner Occupied
80.01% - 90.00%
4.99%
Fixed Rate – Owner Occupied
90.01% - 95.00%
6.99%
Home Equity Fixed Loan Disclaimer

*Annual Percentage Rate (APR). Best rate offered, your rate may vary depending on your specific term and credit profile. Rate assumes auto-pay from LMCU checking account. Subject to credit approval. CLTV=Combined Loan To Value-CLTV.


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