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Home Equity Loans

Unlock the value of your home. Turn your equity into cash for big-ticket items — from home remodels to vehicle upgrades.

Rates

Key Features

  • Competitive Rates
  • Quick Decisions
  • Local Processing
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  • Competitive rates for several short-term or one-time needs:
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms
  • The interest paid might be tax deductible1
  • Local Northwest Indiana decision-making and processing
  • Helpful, customized service throughout the entire process

For a limited time, enjoy an introductory rate of 4% APR for 6 months when you open a new HELOC.*

  • Competitive rates for several ongoing or seasonal needs:
    • Redoing a bathroom
    • Replacing carpeting
    • Painting a few rooms
    • Installing a new furnace
    • Major vehicle repairs
    • Buying new rims
    • And more!
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available for use
  • The interest paid might be tax deductible1
  • Set up automatic payments to be deducted from your account monthly
  • Local Northwest Indiana decision-making and processing
  • Helpful, customized service throughout the entire process
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1Consult a tax advisor.

*Introductory rate of 4.00% Annual Percentage Rate (APR) is a special limited time offer and subject to change without notice. Introductory rate of 4.00% APR applies to new Home Equity Lines of Credit (HELOC) opened on or after April 20, 2026, and does not apply to refinances of existing Allegius Credit Union Home Equity Lines of Credit. This rate is only available for owner-occupied single-family residences and may not be available in all states. Not available for manufactured homes. Certain restrictions and conditions apply. After the first 6 months following the loan closing, all balances convert to a variable rate APR based on an index rate plus a margin that is based on credit worthiness. The variable rate is based on the highest Prime Rate (the index) published in the Wall Street Journal. The APR for the Home Equity Line of Credit may increase or decrease but will never fall below 4.00% and will never exceed a maximum rate of 18% or the highest rate allowable by law. The margin is 0.00% to 8.50% depending upon credit worthiness. As of 3/31/2026, the Prime Rate was 6.75% so APRs are 6.75% (Prime Rate + 0.00% margin) to 15.25% (Prime Rate + 8.50% margin).

A Home Equity Line of Credit (HELOC) is a variable rate product. Value of your home is determined by estimating the appreciation value of your property since the opening date of your mortgage. The estimated value of your home and available home equity line amount may change based on the application date. A current assessed value will be obtained to finalize the line amount. This value, less any outstanding mortgage loan balances, will be used to determine available equity. Combined Loan to Value (LTV) not to exceed 80%. Minimum monthly payment is 1.5% of the outstanding balance or $100, whichever is greater during the draw period. Draw period ends 10 years from date of closing. At the end of the draw period, we will recalculate your payment. Your payment will be set to pay the balance at the end of the draw period, at the current annual percentage rate, over 120 monthly payments. Offer subject to credit approval and membership eligibility. Property insurance is required. Flood insurance may be required. Payment does not include taxes or insurance. Consult a tax advisor regarding the deductibility of interest. Federally insured by NCUA. Equal Housing Opportunity. NMLS #416111.