Home Equity

Using your house as collateral, a home equity loan through Lebanon Federal Credit Union gives you the perfect solution to borrow for home improvements, debt consolidation, college expenses, or just about anything you can imagine.  Plus, you can even use a home equity loan to refinance your mortgage or existing home equity loans from another financial institution.

We offer two great Home Equity Loan products:

A fixed-rate, closed end Home Equity Loan

Gives you a great rate and an affordable monthly payment.

  • Borrow up to 90% of your home´s equity
  • Up to 20-year terms
  • Low fixed rates

A variable-rate, open end Home Equity Line of Credit

With our Home Equity Line of Credit you'll have the flexibility to take advances over the life of the loan whenever you need them.

Borrow for home improvements, bill consolidation, college expenses, and more!

  • Borrow up to 90% of your home´s equity
  • Up to 20-year terms
  • We won’t charge you any interest unless you carry a balance

 

There is no application fee from the credit union, no pre-payment penalty, and the interest that you pay may be tax deductible!

A home equity loan will allow you to borrow up to 90% of your homes appraised value in a first lien position or up to 90% of your homes appraised value in a second lien position.

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If you have any loan questions, please contact us during normal business hours.

By email: loans@lebanonfcu.org

By phone: 717-272-2210 option 1 for the Loan Department