12 Month Introductory HELOC Rate
PRIME Minus 0.25% APR*
Borrow $20,000 for $111 per month
A Home Equity Line of Credit gives you more control over how and when you borrow money. With easy access to funds and flexible draw and repayment options, the equity in your home can be used as a valuable financial tool.
Whether you plan on using your line of credit right away or in the future you’ll have simple, convenient and affordable access to funds for home improvements, debt consolidation, education expenses and so much more!
Unlock the potential of your home’s equity with our Interest Only-Adjustable Rate Home Equity Line of Credit.
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10 year draw period, followed by a 20 year repayment period.
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Interest only payments during the draw period. After the draw period, payments will increase and include both principal and interest.
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Borrow up to 90% of your home’s value (If L&N holds the first mortgage).
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.
Home Equity Line of Credit: Variable Annual Percentage Rate (“APR”) is based on the Wall Street Journal Prime Rate (“Prime”) and is subject to change. Introductory APR of Prime minus 0.25% is available for the first 12 months for qualified borrowers (e.g., 720+ FICO score). After the introductory period, the APR will convert to a variable rate equal to Prime plus a margin based on creditworthiness and loan-to-value. Rates adjust periodically based on changes in the Prime Rate. Introductory APR available for loans up to 90% loan-to-value (LTV) if L&N holds the first mortgage, or 80% LTV if L&N does not hold the first mortgage. During the draw period, interest-only payments are required; after the draw period, payments will increase and include both principal and interest. Minimum and maximum APR limits apply. Offer subject to change or discontinuation 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