Home Equity Loan in Madison, WI

A home equity loan in Madison from Heartland Credit Union is the smart way to borrow.

3.99% APR intro rate for 12 months!*

Life is full of “want to dos” and “have to dos”. Maybe you want to go to Jamaica, remodel your bathroom because of a pipe burst, or start a business. “Want to dos” are way more fun, but a want and a need can happen simultaneously. That’s why you need to be smart in choosing companies that provide not only financial services for start-ups, but also for other necessities. Funds should be present whether you need them OR want them.

For a limited time, a home equity line of credit in Madison (HELOC) has a special introductory rate of 3.99% APR* for 12 months. Then the rate will be variable as low as 7.74% APR.

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woman doing home improvement project with financing from a home equity line of credit.

Got a home equity loan somewhere else — even at (gasp) a bank? Go Local and bring your home equity line of credit to Madison in Heartland Credit Union.

Home Equity Line-of-Credit HELOC

Interest Rate	Rates as low as 3.99% 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

*APR is Annual Percentage Rate. After the introductory period, the rate will be tied to the Prime Rate as published in the Wall Street Journal plus or minus a margin. The prime rate as of May 4, 2023, is 8.25%. Our second mortgage rates range from 7.74% to 16.24% and are accurate as of June 1, 2023. Rates are subject to change but will never go above 18.00% APR or below the floor rate of 3.99% APR. Your actual rate will be based on your creditworthiness and loan-to-value (LTV). Maximum LTV is 100%. Property insurance is 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.