Home Equity Loans
Got a home equity loan somewhere else — even at (gasp) a bank? Go Local and bring it to Heartland.
Home Equity Line-of-Credit HELOC
| Interest Rate | Rates as low as 6.99% APR* |
| Term | Revolving line of credit |
| Draw Period/Balloon Period | 5 year draw period; followed by repayment period |
| Fees | Low closing costs** |
| Payment | Interest only |
Second Mortgage Fixed
| Interest Rate | 5 year fixed rate as low as 5.74% APR |
| Term | Up to 15 years |
| Fees | Low closing costs** |
| Payment | Based on the rate & repayment option |
To apply, call 800.362.3944
*APR is Annual Percentage Rate. Rates are tied to the Prime Rate as published in the Wall Street Journal plus or minus a margin, or the floor rate of 3.99%, whichever is higher. Your actual rate will be based upon your creditworthiness and loan-to value (LTV). Prime Rate as of December 15, 2022 is 7.50%. Maximum LTV is 100%. Rates subject to change but the APR will not exceed 18.00% APR. Rates 6.99% to 15.49% and are accurate as of January 1, 2023. Property insurance required. Existing Home Equity Lines of Credit are not eligible for the introductory rate. Appraisal fee and title insurance, if required, is an additional charge.
** Closing cost fees range from $30.00 to $645.00. Fees that may apply: appraisal or property valuation, title report, flood determination, tax servicing and filing fees.