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Home Equity Line of Credit
L&N Federal Credit Union believes you should have options for your lending needs. We are constantly creating new programs with features that provide many benefits to you. Our Home Equity Programs are no exception. They all feature low rates, low payments, and easy access.

Home Equity Loans can be used for any need you may have, such as school tuition, purchasing a new automobile, home remodeling, the vacation you’ve been longing for, or even debt consolidation to pay off those high interest rate credit cards. You may even qualify for a tax-deduction for the interest you pay*. With a Credit Union Home Equity Loan, your money is at your fingertips. You can write a check or contact your branch location and have your money deposited into your account. It is that simple.

Our Home Equity Loans are available in both Adjustable and Fixed Rate Programs. Rates are based upon the “Prime Rate” and include an added margin based upon information appearing on your credit bureau report. Features of these programs include: a Draw period ranging from 2-5 years for the Fixed Rate Programs, and 5-7 years for the Adjustable Rate Programs; Repayment Periods ranging from 3-10 years for the Fixed Rate Programs, and 13-15 years for the Adjustable Rate Programs; Payments based upon the amount you actually borrow; and, for Adjustable Rate Programs, rates that may change twice per year in the months of March and September. You simply decide which program best suits your needs.

For more information about our “New & Improved” Home Equity Programs, contact your local branch Mortgage Specialist, our Member Contact Center at (800) 292-2905 or (502) 368-5858, or email us at realestate@lnfcu.com.