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Home Equity Line of Credit Rates

 Classic Home Equity Line of Credit
Annual Fee Closing Cost
Up to 80% TLTV*
As low as 4.00% APR**
$25 $0^
81% - 90% TLTV*
As low as 4.00% APR**
$25 $0^

*TLTV = Total Loan To Value, Maximum TLTV and loan amount based on applicants credit history
**APR = Annual Percentage Rate
For loan amounts $20,000 or greater, IU Credit Union pays all closing costs. If the loan account is closed within the first 24 months a closing cost reimbursement will be required. Reimbursement cost will not exceed $200. For loan amounts less than $20,000, a $150 fee will be applied to the loan and paid by the borrower.

•   Rates are subject to change at any time. Each individual's APR is based on the applicant's credit history. Not all applicants will qualify for the lowest rate.
•   The annual percentage rate is variable (subject to change on 1st business day of each month).
•   The minimum loan amount is $10,000.
•   The maximum ceiling APR for a Home Equity Line of Credit is 18%. The minimum floor APR for a Home Equity Line of Credit is 4.00%
•   Property insurance is required
•   Investment mortgages are not eligible for this program

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