Home Equity Loans

Home Equity Loans


Put your home to work! A home equity loan or home equity line of credit can help you fund what matters most to you. We can help you access the buying power that being homeowner earns you. We offer three types of loans that can help make your dreams a reality.

Home Equity Loan

Use the equity you’ve built up in your home to send your kids to college, pay off credit card debt, finance a home improvement project or whatever else you can think of!

  • No annual fee
  • Low, competitive fixed interest rate
  • Fixed payments
  • Receive funds in one lump sum
  • Interest may be tax deductible*

*talk to your tax advisor for details

Home Improvement Loan

Let us help you increase the worth of your home—pay for a new addition, a new roof or finish your basement or any other home improvement project!

  • No annual fee
  • Receive funds in one lump sum
  • Low, competitive fixed interest rate
  • Fixed payments

Home Equity Line of Credit (HELOC)

A line of credit that makes getting the funds you need easy. Transfer funds in Online Branch, give us a call or stop by any branch.

  • No annual fee
  • Low, competitive fixed or variable interest rate
  • Payments may change, depending on money withdrawn and if the rate is adjustable
  • Receive funds in one lump sum OR access funds as needed
  • Minimum $500 advance
  • Interest may be tax deductible*

*talk to your tax advisor for details

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Home Equity 101

If you need cash for short-term projects, a vacation or even a college education, you can borrow against your home’s value to pay for it. You can estimate how much equity you have in your home by subtracting how much you owe from how much your home is worth.

Calculator

Home Equity Calculators

  • Paying Off a Home Equity Loan or Line of Credit
  • Consolidating Debt with Home Equity
  • Home Equity Loan or Line of Credit?
  • Using Home Equity for a Major Purchase
  • Calculate a Home Equity Line of Credit Payment
  • Calculate a Home Equity Loan Payment
  • The Equity in Your Home

© Copyright 2017. IH Mississippi Valley Credit Union. All rights reserved. Federally Insured by NCUA | Equal Housing Opportunity | NMLS #463074

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