Home Equity

Great Home Equity Loan Rates

Home Equity Loan

A Simple Way to Access Money

Debt consolidation, home improvements, and more. Tap into your home's equity! IFCU offers fixed-rate Home Equity Loans and Home Equity Lines of Credit (HELOC) to give you the greatest benefit for your unique situation.

Fixed Home Equity Loan

A fixed-rate home equity loan allows you to borrow from your home’s available equity with an interest rate that stays exactly the same the whole time you’re making payments.

Competitive Low Fixed Rates

With a low fixed rate, borrowing against the equity in your home may be a better option than other types of loans.

Terms That Will Fit Your Needs

IFCU offers budget-friendly repayment terms that are custom tailored to your unique needs.

  • Low fixed-rate loan
  • Repayment periods up to 10 years
  • No annual fees
  • No prepayment penalties

Fixed Equity Rates

Rates as Low as:
5 Year Term7.05% APR*
10 Year Term6.80% APR*

Home Equity Lines of Credit (HELOC)

Get ongoing access to funds with a revolving line of credit secured by the equity in your home.

Competitive Low Variable Rates

Enjoy the flexibility of a low-cost loan fund that you can tap into anytime.

Terms That Will Fit Your Needs

IFCU offers budget-friendly repayment terms that are custom tailored to your unique needs.

  • Low-variable rate loan
  • Apply only once, then access your credit line again for up to 5 years
  • Repayment period up to 15 years
  • No hidden maintenance costs
  • Interest may be tax deductible. Ask your tax adviser for details
  • No annual fees
  • No prepayment penalty

Home Equity Line of Credit Rate

Rates as Low as:
HELOC Rate7.00% APR*

Mortgage Department Hours
Monday- Friday8:00AM - 6:00PM
Saturday9:00AM - 12:00PM

Visit: Our Mortgage Department is located in our Lafayette Branch at
1115 Sagamore Parkway,
Lafayette IN 47905

Will do appointments at all 10 branches. Give us a call and get ready to finance your home with IFCU.

Home Equity Common Uses

Consolidate Debt
Consolidate Debt
One of the best uses for Home Equity Loans are for consolidating debt.

If you have high interest credit cards or medical payments, paying them off with a low rate Home Equity Loan may save you a lot of money.

Home Equity Loan Consolidate Debt
Home Improvements
Home Improvements
Home improvements are a popular use for Home Equity Loans

Get that kitched of your dreams, or renovate your space to match your style.

Home Equity Loan Home Improvements
Dream Vacations
Dream Vacation
Looking for the experience of a lifetime? A low rate Home Equity Loan can make these dreams a reality.

Use a low rate Home Equity Laon for a dream vacation, destination wedding or anniversary.

Home Equity Loan Vacation

Solid Advice you can trust

What is a HELOC
What is a HELOC?
Like a credit card, a HELOC is a revolving line of credit that allows you to borrow up to a certain limit, pay it off, and then borrow it again.
What is a HELOC
Debt Payoff Calculator
Debt Payoff Calculator
This calculator will show you how long it will take to pay off a loan and how much interest will accrue over the length of the loan.
Debt Payoff Calculator


What is a Home Equity Loan?

A Home Equity Loan is a type of loan that allows homeowners to borrow money based on the value of their home, less the amount they still owe.

How can I use a Home Equity Loan?

Use your loan or line of credit for any type of home improvement. Home equity loans can also be a way to borrow money to pay for educational expenses, debt consolidation and more.

How much can I borrow?

Credit scores can help or hinder future plans. It is best to schedule an appointment with one of our Mortgage Specialist to help guide you through the process.

What will my tax savings be?

The interest on your Home Equity Loan may be tax deductible. Be sure to talk to your tax advisor about your specific situation.

Take the first step to a Home Equity Loan.

• Visit any branch to discuss the details and apply for a Home Equity Loan.
• Chat with a IFCU Mortgage Representative over the phone by calling toll free: 1-888-564-4328.
• Schedule an appointment online and one of our Mortgage Representatives will reach back out to you.

Free Financial Calculators

Access our complete library of both loan and deposit calculators.


*Annual Percentage Rate (APR). All loans are subject to approval and individual rates may vary based on your credit score, terms, and underwriting conditions. Your actual rate may be higher. Certain restrictions and conditions may apply. We may offer other terms and conditions connected with this offer. There may be other costs associated with some loans. Rates are subject to change without notice. Contact IFCU at (765) 771-8000 for more information.


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