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Routing Number: 273976369

Our unique, nine-digit number that functions as an address for your bank.

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Lower your monthly loan payments, pay zero closing costs!

Use your home’s equity to combine high-interest debt into a home equity loan with one low monthly payment. Right now, save even more with no closing costs on any home equity loan.

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A home equity loan allows you to borrow against your equity, or the portion of your home that you own. These loans, also called second mortgages, have favorable rates and low closing costs that make them ideal for borrowing large amounts. You can estimate your current equity by taking the appraised value of your home and subtracting the balance of any mortgage or liens against your property.

Use a home equity loan for anything:
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Home Improvements

Update existing rooms like your kitchen and master bath or add space for an office, gym or play area. Put on a new roof, put in a pool and more with this flexible funding.

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Pay Off Debt

If you have balances on credit cards, personal loans, or other debt at a higher interest rate, you could pay less by consolidating that debt into a home equity loan.

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Tuition Payments & School Expenses

If you or a loved one are paying for school, you may be able to get a better rate and save money with a home equity loan rather than student loans.

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Other Large Expenses

The great rate on a home equity loan saves you money no matter what you need it for – whether that's medical bills, adoption costs, new furniture, vacations or unexpected expenses.

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Have questions or want help applying?

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  Home Equity Line of CreditHome Equity Line of Credit Home Equity Line of CreditClosed-End Home Equity Loan
What are the differences between our loans? Get a Line of Credit Get a Closed-End Loan
  View More Details View More Details
Rates
Rates as low as 7.50% APR 6.99% APR
Benefits
Uses your home as collateral
Borrow up to 100% of your home's value
Access your money in online banking
Continuously receive funds as needed up to your limit
Can be used again and again
Can replace your current mortgage
Fees
No Annual Fee†
Receive your money as a lump sum
No penalty for early payoff
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Not enough equity?If you don't have equity to borrow against or need to borrow more than your home is worth, check out our Home Improvement Loans.

Rates, Terms & Payment Examples

Calculate Your Estimated Minimum Monthly HELOC Payment

Your monthly payment is determined by the funds you access/balance you carry. Use the slider to estimate a minimum monthly payment based on your balance.

Heloc Slider
$ Your Equity Your Equity 5 Year Fixed Rate(60 Month) 10 Year Fixed Rate(120 Month)
APR as low as 7.75% 8.25%
Loyalty APR as low as 7.50% 8.00%
Payment Example$50 or 1% of your balance, whichever is greater $### $###
Total term 25 years (300 months) 25 years (300 months)

Estimate Your Monthly Payment for a Closed-End Home Equity Loan

Use the slider below to select how much you'd like to borrow and compare estimated payments for the different terms we offer for closed-end home equity loans.

Closed End Slider
$ Your EquityLoan Principal 5 Years(60 Months) 10 Years(120 Months) 15 Years(180 Months) 20 Years(240 Months)
APR as low as 7.24% 7.75% 8.25% 9.25%
Loyalty APR as low as 6.99% 7.50% 8.00% 9.00%
Payment exampleBased on the loan amount selected above $### $### $### $###
Fixed rate for life of loan

Payment examples use Loyalty APR

Frequently Asked Questions
To estimate your equity, take the value of your home and subtract the balance on your mortgage and other liens, if any. To find your loan-to-value ratio, divide the total amount you owe on your home by its value. For example, if your home is appraised at $200,000 and you owe $50,000 on your mortgage, you have $150,000 of equity and your current loan-to-value ratio is 25%.
You'll need an appraisal if you’re looking to borrow more than $100,000 or more than the current assessed value of your equity. If an appraisal is required and you’ve had one done in the last three months, we'll accept it. If it's older than that but was still done in the last year, we'll review it to see if we can accept it. New appraisals typically cost between $400-$500.
You can easily set up a recurring automatic transfer through online banking.
No, we'll use the currently appraised value of your home. If you believe your home has increased in value since its last appraisal, you can have a new one conducted. If you need to borrow more than your home's value, check out our Home Improvement Loans.
FAQs Icon

APR = Annual Percentage Rate. Includes Loyalty Program discount of 0.25% APR when enrolled in eDocs and while maintaining direct deposit of net income to Veridian or, if unavailable, a minimum of 10 qualifying checking account transactions per month. Borrowers will lose discount if they fail to meet Loyalty Program qualifications during loan term. Rate fixed for first 60 or 120 months of the 25-year term; after that, the rate is variable and the maximum APR is 21%. Add up to 2.5% to interest rate for home equity lines of credit with loan-to-value ratios over 80% (maximum of 100%). Rates, terms and conditions subject to change and may vary based on qualifications including creditworthiness, loan-to-value ratio and collateral conditions. Home equity loans only available in Iowa, Nebraska & Minnesota and do not include escrow. All loans subject to membership and approval. Appraisal fees may apply. See Veridian for details.

APR = Annual Percentage Rate. Includes Loyalty Program discount of 0.25% APR when enrolled in eDocs and while maintaining direct deposit of net income to Veridian or, if unavailable, a minimum of 10 qualifying checking account transactions per month. Borrowers will lose discount if they fail to meet Loyalty Program qualifications during loan term. Add up to 2.5% to interest rate for home equity loans with loan-to-value ratios over 80% (maximum 100%). Rates, terms and conditions subject to change and may vary based on qualifications, including creditworthiness, loan-to-value ratio and collateral conditions. Home equity loans only available in Iowa, Nebraska & Minnesota and do not include escrow. All loans subject to membership and approval. Appraisal fees may apply. See Veridian for details.

Standard closing costs of up to $295 are waived. Other fees, such as appraisal, title guarantee fee, or Mortgage Registration Tax (Minnesota) may apply and will be paid by the borrower. Offer valid on applications received through March 31, 2024 and may not be used in conjunction with first-mortgage loans. The loan balance must be at least $10,000 and include at least 25% new money to the credit union. 

 

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Serving all 50 states digitally with branches in Iowa, Nebraska, and Minnesota.

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