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Home Equity Borrowing

Leverage your home’s equity for whatever you envision

No matter if you’re looking to tackle a home remodeling project, plan a destination wedding, or afford continuing education — whatever you have your sights on, we can help make your vision a reality with a Home Equity Line of Credit (HELOC) or Home Equity Loan.


Adjustable-rate loans with a 5-year draw period and 15-year payback after draw period expires with the option to reopen the line of credit. Payments are calculated based on month end loan balance. Fixed rate loans for up to 30 years with up to 90% loan-to-value (LTV)* financing.

Home Equity

Fixed rate loans for up to 20 years with up to 100% loan-to-value (LTV).


  • Low closing costs
  • No annual fee
  • No application fees
  • ITIN Lending available
  • Community based
  • In-house decision making and servicing
  • Private mortgage insurance (PMI) is not required for a loan with a loan-to-value ratio greater than 80%.

Apply & Get Approved Today  View HELOC & Home Equity Loan Rates

A $20,000 loan with a 60-month term at 6.89% APR would have an estimated monthly payment of $396.15.

* Illinois Community Credit Union membership required. Loan qualification is based on assessment of applicant’s credit worthiness and our underwriting standards. Your interest rate and corresponding APR may be higher than the published rate. All credit union loan programs, rates, terms, and conditions are subject to change at any time without notice. Contact the credit union for current rates, terms, and conditions. Minimum amount to finance of $30,000 necessary to consider a term of 120-months or greater. Full coverage insurance required with deductible not to exceed $1,000. Illinois Community Credit Union to be the lien holder of record. Contact the Credit Union for full details.