Home Equity

Have you been dreaming of home renovations, or thinking about using your equity to pay down debts? A Home Equity loan from Industrial Credit Union allows you to use the equity you’ve built in your home to bring your projects and dreams to life.

Loan Highlights
  • Your loan stays at the Credit Union, we don’t sell our servicing
  • Finance up to 80% of the appraised value of your home
  • No application fee
  • No prepayment/payoff penalty

Please note. rates are adjusted daily.

APR = Annual Percentage Rate

For 15 Year Home Equity rates, see Home Loans tab

Payment Example for an Adjustable Rate Mortgage (ARM): For example, on an ARM loan for $150,000 at 4.451% APR, you would make 60 fixed payments of $1,131.74*, then 120 payments at the indexed rate of 4.25% – 10.25%, which might vary. *Payment does not include taxes and insurance.

Payment Example for a Fixed Rate Mortgage – Home Improvement No Equity: For example, on a fixed loan for $25,000 at 7.227% APR, you would make 119 fixed payments of $285.51*, then 1 fixed payment of $284.81*. *Payment does not include taxes and insurance.

Home Equity Interest Rate Points APR
5/5 Adjustable Rate 4.250% – 5.500% 1.00% 4.451% – 5.708%
Home Improvement No Equity 6.530% – 7.780% 1.00% 7.227% – 8.494%