L&N Home Equity Loan
Low Rates. Low Payments. Easy Access.
Unlock the value of your home with L&N Federal Credit Union’s Home Equity solutions—designed to give you affordable access to funds for what matters most.
Use your home equity for home improvements, debt consolidation, vehicle purchases, education expenses, vacations, and more.
Home Equity Line of Credit (HELOC)
Take advantage of competitive rates and terms on our Interest Only-Adjustable Rate Home Equity Line of Credit:
- Fixed‑Rate or Adjustable‑Rate options
- Interest‑Only or Term loan structures available
- 5–10 year draw periods
- Up to 90% loan‑to‑value*
- Fixed‑Rate loans: up to 15‑year repayment
- Adjustable‑Rate loans: up to 20‑year repayment, based on plan
- Low closing costs
- Easy access via online banking, check, or branch deposit
Active duty military, military veterans and first-responders will have underwriting and processing fees waived!**
For more information on our Home Equity Line of Credit programs, contact our Real Estate Department at (800) 292-2905 or (502) 368-5858. Or, contact us by filling out our Contact Us form.
Example shown based on borrowing $20,000 at 6.50%, adjustable rate, during 10 year Interest Only Draw Period. Monthly payment will vary based on loan balance, variable rate and during the repayment period that includes principal and interest following the interest only period. Rate is variable based on prime plus a margin determined by your credit score. Terms of program are subject to change.
90% LTV if L&N holds the first mortgage
*Home Equity Line of Credit: Variable Annual Percentage Rate (“APR”) is based on The Wall Street Journal Prime Rate (“Prime”) published daily. Prime minus 0.25% APR is available for a 720+ FICO Score. Prime rate subject to change. Introductory Annual Percentage Rate (APR) is available on Home Equity Line of Credit with a 90% loan-to-value (LTV) if L&N holds the first mortgage, 80% LTV if L&N does not hold the first mortgage. No rate adjustment will occur during the 12 month introductory period. Offer may be changed or discontinued at any time.
*Home Equity Line of Credit: Variable Annual Percentage Rate (“APR”) is based on The Wall Street Journal Prime Rate (“Prime”) published daily. Prime minus 0.25% APR is available for a 720+ FICO Score. Prime rate subject to change. Introductory Annual Percentage Rate (APR) is available on Home Equity Line of Credit with a 90% loan-to-value (LTV) if L&N holds the first mortgage, 80% LTV if L&N does not hold the first mortgage. No rate adjustment will occur during the 12 month introductory period. Offer may be changed or discontinued at any time.
** Includes Army, Navy, Air Force, Marines, Coast Guard, Firefighters, Police and EMS. Must show valid I.D. New loans only. Offer subject to change at any time without notice. NMLS#531738