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HELOC LOANS THAT WORK FOR YOU
You have plenty of plans – from home repairs, higher education, or debt consolidation — and the financing you need is no further than your front door. Put that hard-earned home equity to work in achieving your goals.
Turn your home equity into cash
We offer flexible accessing options. Get all-at-once cash for any purpose, an interest only line of credit, or refinance a current HELOC.
Home Equity Loan Rates
Current interest rates
| Loan Type | Term | APR As Low As | Loan To Value Ratio |
|---|---|---|---|
| Home Equity Loan Second-Lien (Real Smart) | Up to 60-Months | 7.49% | 81-90% |
| Home Equity Loan Second-Lien (Real Smart) | Up to 84-Months | 6.19% | Up to 70% |
| Home Equity Loan Second-Lien (Real Smart) | Up to 84-Months | 6.69% | 71-80% |
| Home Equity Loan Second-Lien (Real Smart) | 61-120 Months | 7.99% | 81-90% |
| Home Equity Loan Second-Lien (Real Smart) | 85-107-Months | 6.39% | Up to 70% |
| Home Equity Loan Second-Lien (Real Smart) | 85-107-Months | 6.99% | 71-80% |
| Home Equity Loan Second-Lien (Real Smart) | 108-120-Months | 6.69% | Up to 70% |
| Home Equity Loan Second-Lien (Real Smart) | 108-120-Months | 7.19% | 71-80% |
| Home Equity Loan Second-Lien (Real Smart) | 121-180 Months | 7.19% | Up to 70% |
| Home Equity Loan Second-Lien (Real Smart) | 121-180 Months | 7.69% | 71-80% |
| HELOC (Interest Only) | 10-Year Draw Period/15-Year Payback Period | 7.5% | Up to 80% |
| HELOC (Interest Only) | 10-Year Draw Period/15-Year Payback Period | 7.75% | 81-90% |
| Home Equity Loan First-Lien (Home Advantage) | 15-Year | 6.575% | Up to 80% |
Effective date: January 03, 2025
Competitive rates and easy approvals*
Do more with your home equity
Put your hard-earned home equity to work and achieve goals with up to 90% loan-to-value financing and flexible accessing options.
Disclosures
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.
Home Equity Loan: minimum amount is $10,000, maximum $275,000. 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.
Home 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 $275,000. 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 flood zone.
1st-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
Home Equity Loan
A $30,000 home equity loan at 6.69% APR with term of 120 months.
120 monthly payments of $403.83 (includes debt protection).
Home Equity Line of Credit – Interest Only
A $50,000 home equity line of credit at 8.5% APR, payments will be $608.96 (including debt protection), during the repayment period, and approximately $516.44 during the draw period.
1st-Lien Home Equity Loan
A $75,000 1st-Lien Home Equity Loan at 7.325% APR with a term of 180 months payments would be approximately $854.26 (includes debt protection).