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HOME EQUITY LOANS

Do more with your home equity

  1. Lock in a great fixed rate for payments that work for your budget
  2. Put money toward home repairs, a dream vacation, and more
  3. Interest may be tax deductible

FROM OUR COMMUNITY

“All my banking, mortgage, personal, and home equity loans are at Lighthouse, and they are fantastic! Concord Assistant Branch Manager Fred J. helped me through the HELOC process and closing was a breeze. I’ve banked with large mega-banks, small banks, other credit unions and by far Lighthouse is the best!”

Jared C.

Your money does good

  • Affordable Housing

    We’re helping more people find homes and essential shelter through partnerships with nonprofits and local government.

  • Volunteering

    Our employees are given paid time off to volunteer for community programs of their choice.

  • Local Organizations

    We partner with organizations that help to enrich and nourish the lives of our neighbors.

  • Food Access

    We fund programs that help fight food insecurity across our communities.

Bank from your
phone anytime

Bank on the go with our mobile app, and keep it all on track.

  • Access all of your Lighthouse accounts
  • Make easy, secure loan payments
  • Mobile deposit your checks*
Loan TypeTermAPR As Low AsLoan To Value Ratio
Home Equity Loan Second-Lien (Real Smart)Up to 60-Months7.49%81-90%
Home Equity Loan Second-Lien (Real Smart)Up to 84-Months6.19%Up to 70%
Home Equity Loan Second-Lien (Real Smart)Up to 84-Months6.69%71-80%
Home Equity Loan Second-Lien (Real Smart)61-120 Months7.99%81-90%
Home Equity Loan Second-Lien (Real Smart)85-107-Months6.39%Up to 70%
Home Equity Loan Second-Lien (Real Smart)85-107-Months6.99%71-80%
Home Equity Loan Second-Lien (Real Smart)108-120-Months6.69%Up to 70%
Home Equity Loan Second-Lien (Real Smart)108-120-Months7.19%71-80%
Home Equity Loan Second-Lien (Real Smart)121-180 Months7.19%Up to 70%
Home Equity Loan Second-Lien (Real Smart)121-180 Months7.69%71-80%
HELOC (Interest Only)10-Year Draw Period/15-Year Payback Period8.00%Up to 80%
HELOC (Interest Only)10-Year Draw Period/15-Year Payback Period8.25%81-90%
Home Equity Loan First-Lien (Home Advantage)15-Year6.325%Up to 80%

Effective date: November 06, 2024

Home Equity General Disclosure

Annual Percentage Rate (APR) shown is the lowest rate offered, including discounts (discounts not available for Home Equity Line of Credit) and based on credit score. Rates are subject to change without notice.

Other terms and rates may be available.

Rates include loan discount. Loan discounts do not apply to credit cards, Interest only HELOCs, Electric Energy Efficiency, share and certificate secured, RV, boat, CULA Leases, commercial, and Impact loans. A 0.10% discount will be applied to an eligible loan for each of the following qualifying factors: having an active checking account with Lighthouse; having an automatic payment established on the loan; having an active consumer credit card product. A total discount of up to 0.30% will be applied to the base rate a member qualifies for. Must request loan discount within 90 days of the loan closing date. Discount conditions will be set forth in the Loan Discount Addendum. The rate is subject to change without notice. Rates and amounts financed may be determined by your personal credit history, account relationship and payment method. Final rates are determined by credit score.

1Home Equity Loan: The maximum loan amount is $400,000 for loan to value ratios 80% or less. The maximum loan amount is $275,000 for loan to value ratios greater than 80%. The loan must be in second lien position. Closing costs waived for the first loan (exceptions may apply). Otherwise closing costs could be up to $1,000. Property insurance is required. Flood insurance is required if the property is located in a flood zone.

2Home Equity Line of Credit- Interest Only: The index for the Interest Only Line of Credit is the Wall Street Journal Prime Rate. We will use the most recent index value available to us as of the last day of the calendar quarter before the date of any annual percentage rate adjustment plus or minus a margin. The maximum credit line is $400,000 for loan to value ratios 80% or less. The maximum credit line is $275,000 for loan to value ratios greater than 80%. The maximum APR that may be imposed is 18% in a variable-rate plan. No closing costs to first-time applicants (exceptions may apply). Otherwise closing costs could be up to $1,000. Property insurance required. Flood insurance is required if the property is located in a flood zone.

31st-Lien Home Equity Loan: Lighthouse Federal Credit Union must be in first lien position. Property insurance required. Property can not be located in a flood zone. No closing costs at consummation however member will be responsible for up to $1,000 in 3rd party closing costs, if the loan is paid off and closed in the first three years. Minimum loan amount is $20,000 and maximum loan amount is $417,000. Loan to value equal to 80% or less.

All loans are subject to credit approval.

For a 1-4 family owner-occupied residence, condo, or mobile home on its own land.

All rates, terms, and conditions are subject to change daily and without notice. They can only be guaranteed by our Mortgage Department. For more information, please call a Mortgage Specialist at 888-436-1847.

Home Equity Payment Example

1Home Equity Loan
A $30,000 home equity loan at 6.69% APR with term of 120 months. 120 monthly payments of $403.76 (includes debt protection).

2Home Equity Line of Credit – Interest Only
A $50,000 home equity line of credit at 8.25% APR, payments will be $563.89 (including debt protection), during the repayment period, and approximately $447.04 during the draw period.

31st-Lien Home Equity Loan
A $75,000 1st-Lien Home Equity Loan at 6.325% APR with a term of 180 months payments would be approximately $809.57 (includes debt protection). 

Financial Calculators

Banking is better for our members with fair rates, affordable loans, and promising financial futures. And money can do more when put back into projects for affordable housing and helping those that need a hand up.

Start making an impact today

Put your money to work, and see the benefits in your accounts and the world around you.