With a Conventional Equity Loan, you'll enjoy the security of one low fixed rate.
Today's Conventional Equity Rates
Rates as low as:
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6.500 |
% |
Fee transparency
We don't charge an annual fee. Plus, with no prepayment penalties, you can feel comfortable paying off your loan early.
| Conventional Equity Fees | |
|---|---|
| Prepayment Penalties | $0 |
| Appraisal Fee³skip to disclosure | $0 - $250 |
| Annual Fee | $0 |
Calculate your home equity loan payment.
Use this calculator to estimate your rate and monthly home equity loan payments.
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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Get help with Conventional Equity Loans.
Our Conventional Equity loans have three available repayment term options: 5, 7, and 10 year terms.
There are no annual fees for our Conventional Equity loans.
You can use a Conventional Equity to make home repairs, consolidate debt, or even to pay for a vacation.
Apply online or give us a call.
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Homeowners insurance required.
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Single-Family dwellings only in Illinois.
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We lend in all of Illinois on primary and secondary residences.
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Consult a tax advisor regarding deductibility of interest.
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Must have a Credit Union membership established and be in good standing.
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Other restrictions may apply.
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Conventional Equity APR = Annual Percentage Rate. Rate subject to change without notice. Payment Example: 6.500% APR for a fixed rate with a term of 60 months monthly principal and interest payments of $978.31, based on a loan amount of $50,000 and a loan-to-value of 80%. 7.000% APR for a fixed rate with a term of 84 months monthly principal and interest payments of $754.63, based on a loan amount of $50,000 and a loan-to-value of 80%. 7.250% APR for a fixed rate with a term of 120 months monthly principal and interest payments of $587.01, based on a loan amount of $50,000 and a loan-to-value of 80%. Minimum loan amount $10,000, Maximum loan amount $1,000,000. Payment example does not include homeowner insurance, property taxes, private mortgage insurance, or homeowner association dues. Actual payments may vary based on amount, term, APR, taxes and insurance, and other factors. Homeowner insurance required. All loan terms and conditions are subject to Credit Union qualifications and approval. Some restrictions may apply. Must have a Credit Union membership established and be in good standing.
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Qualified Members can borrow up to 90% of the appraised market value of their home (up to 80% for first lien closed end loans, condos and second homes), Loan to Value, less the first mortgage owed.
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Appraisal costs may vary based on loan amount, credit score, loan to value and debt-to-income ratio. Other restrictions may apply.
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