- Intro rate fixed
for 12 months1.99%APR*
- Then prime
- The current rate
I’m somebody with big plans, thanks to home equity financing from LCU.
When you belong to a credit union, planning for tomorrow comes a little easier. At LCU you’ll discover low home equity rates for flexible spending power—it’s money in your pocket for home improvements, weddings, vacations and more. It’s all about options, and it starts with membership.
*Annual Percentage Rate (APR) is accurate as of 08/01/2022 and is subject to change without notice. An introductory annual percentage rate (APR) as low as 1.99% for the first twelve billing cycles with a periodic rate of 0.00545%. Thereafter, the APR will be set on the last business day of each month and will be either a floor rate of 4.50% APR with a periodic rate of 0.00959%, or, 1.00% below the Prime Rate published in the Wall Street Journal on the last business day of each month, whichever is greater. Automatic payment from LCU transaction account required to receive the stated APR. If automatic payment is cancelled, APR will increase by .70%. The maximum rate is 18.00% and the floor rate is 4.50%. Draw period is ten years with an additional ten years to repay. An early termination fee of no more than $1,200 may be imposed to cover fees paid to third parties if the equity line is discharged within 24 months of the note date. Rate is subject to change after consummation. Offer only applies to owner-occupied primary residences. Offer may be withdrawn without notice. Equity is determined by taking 80% of the property value and deducting the balance of any mortgages. If appraisal is required, the charge will range from $450 to $600. The minimum loan amount is $10,000 and the maximum is $250,000. Property insurance is required. LCU members must maintain a $5 deposit relationship. All requests are subject to credit approval. Actual rate and margin offered may be adjusted based on credit history and other factors – this may result in a higher rate than our published rate. Trust review fee may apply.