Home Equities

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Home equity loans and lines of credit are one of your most affordable and flexible options for borrowing.

Secured by the equity in your home, home equity loans and lines of credit are typically more affordable than unsecured forms of borrowing. Use the money for anything you need, including home improvements, an emergency fund, a vacation, back to school expenses, college tuition, or to consolidate your bills.

Closings in as little as 1 business day!

Home Equity Rates

As low as 6.49% APR¹

Term	1st Lien APR¹ As Low As	2nd Lien APR¹ As Low As
5 years	6.49%	7.24%
10 Years	6.99%	7.74%
15 Years	7.49%	8.24%
Line of Credit²	7.75%	7.75%

What's the difference between 1st and 2nd lien, you ask?
If you currently have a mortgage loan or other home equity loan or line of credit, your new home equity loan would be a second lien on the property. If you don't, your home equity is the first lien.

Pro Tip:

Getting ready to retire?

Prep your budget by consolidating your monthly payments via a home equity loan. Simplify your finances and save!

Line of Credit vs. Fixed Loan. What's the Difference?

Line of Credit	Fixed Loan
Uses Ideal for multiple, convenient purchases or expenses over time Remodeling, education, emergency fund, etc.	Uses Ideal for one-time expenses Remodeling, debt consolidation, retirement prep, vehicle purchase, etc.
Rate Variable, based on Prime Adjusted quarterly	Rate Fixed (stays the same over the life of the loan)
Term Up to 18 years (access to credit for the first 8 years, then 10 years for pay-off) No pre-payment penalty, unless the line of credit is closed in the first 3 years	Term Up to 15 years
Amount $10,000 – $250,000	Amount Up to $250,000
Limitations Must be owner occupied Residence or second residence No land contract	Limitations Must be owner occupied Residence or second residence No land contract
Costs Appraisal fee, if applicable	Costs Appraisal fee, if applicable

More to Explore

Rates effective Monday, April 1, 2024.

1 APR = Annual Percentage Rate. Rates are the lowest rate available. Your rate may be higher based on your credit history, term, lien position, and collateral. No down payment is required to obtain the stated rates, when the loan to value ratio is below 80%. To apply for a loan or receive additional information, please contact us at 269.382.7800. Verification of income may be required. Property insurance required. Programs, rates, terms and conditions are subject to change without notice. Payment example: 60 monthly payments of $19.57 per $1,000 borrowed.

2 APR = Annual Percentage Rate. A Home Equity Line of Credit is a variable-rate loan. Max loan amount is determined by the equity in your home, based on appraised value. The APR is based on an index, the Prime Rate per the Wall Street Journal and could change at any time. To determine your APR, a margin will be added to your current index rate. In no event will the regular APR be less than the Prime Rate or more than 15.00% or the max rate allowed by applicable law. The minimum monthly payment may change as a result of rate changes. Verification of income may be required. Property insurance required. Please see branch for details.

NMLS #822986

The legal age to apply for and obtain credit is 18 years of age.

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