Home Equity/HELOC Loans

Dream of the possibilities with Home Equity loan.

If you’re a homeowner and have built equity in your home, you may be able to borrow up to 90% of the appraised value of your home (less your existing mortgage) . . . even if you’ve only been in your home for a short time! Both home equity and home equity lines of credit generally carry lower interest rates than other loans, such as personal loans and credit cards. Unlike interest paid on other loans, this interest may be tax deductible. Consult your tax advisor to be sure.

We offer second mortgage loans and home equity lines of credit on your primary residence with loan-to-values (LTVs) up to 90%. If you prefer the security of a fixed rate loan with a fixed term for repayment, you may prefer a home equity loan. If you prefer the convenience of being able to access a revolving line of credit, you may prefer our variable rate home equity line of credit.


Prime Rate as of 06/15/2017 is 4.25%

Home Equity Loans & Lines of Credit Rates

Rates Current as of: 07/14/2017
DescriptionTerm DescriptionAPR* as low asPayment Example
Up to 80% LTV15 years4.24%Payment Example
Up to 90% LTV15 years5.49%Payment Example
Up to 80% LTV10 years3.74%Payment Example
Up to 90% LTV10 years4.99%Payment Example
Up to 80% LTV5 years3.24%Payment Example
Up to 90% LTV5 years4.49%Payment Example
Home Equity Line of CreditSee loan officer for details.See loan officer for current rates.Payment Example

*Subject to credit approval. APR is Annual Percentage Rate. ALL RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE.

The accuracy of these calculators and their applicability to your circumstances are not guaranteed. You should obtain personal advice from qualified professionals.

Please visit the Home Equity/HELOC page for more information.

LTV is Loan to Value. Fixed term home equity loan rates are risk based depending on borrower’s credit history. Home Equity Line of Credit is a variable rate based on Prime Rate and the stated margin based on your credit score.


To determine the equity you may have, follow this simple formula:

Appraised Market Value of your property X 90% Minus Balance on your Existing First Mortgage = Lendable Equity

For Example:
Appraised Market Value: $100,000
X 90% =
_______
$90,000.00

Existing First Mortgage Balance: $60,000
Lendable Equity: $30,000.


How to Apply

You can stop in one of our branches to apply or you can simply apply online below:

 


NMLS Registry Information for Harvester Financial Credit Union Mortgage Loan Originators:
NMLS # 433915 Harvester Financial Credit Union
NMLS # 657937 Joy Cooper
NMLS # 657939 Mary Stephens
NMLS # 657940 Sheryl Wood
NMLS # 1062075 Teresa Ervin
NMLS # 657938 Michelle Mason

INDIANAPOLIS
7020 Brookville Road
Indianapolis, IN 46239
PH: 317.352.0455
TF: 800.326.2279
FAX: 317.351.2351

LOBBY & DRIVE THRU HOURS
Monday, Tuesday & Thursday:
8:00 a.m. – 5:00 p.m.


Wednesday:
9:00 a.m. – 5:00 p.m.


Friday:
8:00 a.m. – 5:30 p.m.

SHELBYVILLE
1220 Miller Avenue
Shelbyville, IN 46176
PH: 317.392.0811
TF: 800.366.5725
FAX: 317.392.0870

LOBBY & DRIVE THRU HOURS
Monday, Tuesday & Thursday:
8:30 a.m. – 5:00 p.m.


Wednesday:
9:00 a.m. – 5:00 p.m.


Friday:
8:30 a.m. – 6:30 p.m.

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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.
We are an Equal Housing Lender. Unauthorized account access or use is not permitted and may constitute a crime punishable by law. Harvester Financial Credit Union respects your privacy. Harvester Financial Credit Union is not responsible for, the product, service, or overall website content available at a third-party site.

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