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YOU ARE HERE: Home » Rates » Home Equity Line of Credit Rates

Home Equity Line of Credit Rates

Our Home Equity Line of Credit program includes a low introductory rate and convenient features to fit your lifestyle!

HELOC Special Features:

0.99% introductory APR for the first 12 months. As low as 3.50% APR thereafter.
• Annual fee waived for first 12 months
• A 0.25% discount for automatic payment from your IUCU checking account

 Home Equity Line of Credit
Plan
Rate
Annual Fee Closing Cost
Up to 80% TLTV*
As low as 3.50% APR**
$50 $0
81% - 90% TLTV*
As low as 4.25% APR**
$50 $0

*TLTV = Total Loan To Value, Maximum TLTV and loan amount based on applicants credit history
**APR = Annual Percentage Rate. Rate includes a 0.25% deduction for automatic payment from your IUCU checking account.
Annual fee is waived for first 12 months.
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%.
•   Property insurance is required
•   Investment mortgages are not eligible for this program

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