FLEX EQUITY HOME EQUITY LOAN

Enjoy a low fixed rate for the first 5 years.

Schedule a free appointment with a home loan expert today.

With Flex Equity, you'll receive a lump sum loan at a low rate that is fixed for 5 years. Thereafter, your rate is variable.

  • Guaranteed, non-variable, fixed rate for the first 5 years
  • After the fifth year, the rate may change annually and is based on the Constant Maturity Treasury index (CMT) as published in the Wall Street Journal CMT plus a 3.00% margin
  • Your rate will never increase more than 6% over your initial rate and cannot increase more than 2% per year
  • Take up to 20 years to repay your loan with no prepayment penalties
  • We lend on primary and secondary homes in Illinois
  • Borrow up to 90% of the value of your home2 with loans from $10,000 - $1,000,000

Today's Flex Equity Rates

Rates as low as:

5.123

%

APR

Fee transparency

We don't charge application, annual, or closing fees3. Plus, with no prepayment penalties, you can feel comfortable paying off your loan early.

Flex Equity Fees
Application Fee$0
Prepayment Penalties$0
Closing Fee3$0
Annual Fee$0

Get help with Flex Equity.

Our Flex Equity loan offers the comfort of lower payments over a longer period of time and the security of a fixed-rate payment for the first five years.

No, there are no annual fees with a Flex Equity loan.

After the fifth year, the rate may change annually and is based on the Constant Maturity Treasury index (CMT) as published in the Wall Street Journal CMT plus a 3.00% margin. The rate cannot increase more than 2.00% per year.

You have 20 years to pay off your Flex Equity loan.

Our Flex Equity loans can be used for a plethora of reasons including, home repairs, consolidating debt, and paying for education.

  • Homeowners insurance required.

  • Single-Family dwellings only in Illinois.

  • We lend in all of Illinois on primary and secondary residences.

  • Consult a tax advisor regarding deductibility of interest.

  • Must be a Member in good standing.

  • Other restrictions may apply.

1
  • Flex Equity APR = Annual Percentage Rate. 5.50% for a fixed rate with a term of 20 years with monthly principal and interest payments of $343.94. Payment examples based on a loan amount of $50,000. Payment example does not include taxes or insurance premiums.

2
  • Qualified Members can borrow up to 90% of the appraised market value of their home (up to 80% for first lien loans, condos and second homes), Loan to Value, less the first mortgage owed.

3
  • Closing fees may apply for certain counties.

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Routing Number:
271990198