Loans

Low Rate Home Equity Loans

Imagine...that perfect living space

Make it happen with a low rate Home Equity Loan!
Rates as low as 6.78% APR

Whatever You're Thinking, Is Possible

  • Renovations
  • Improvements
  • Repairs

Line-of-Credit Rate | Equity Loan Rate | FAQ's | Calculate a payment | Apply Now | Make an Appointment

Perfect for a one-time expense, our fixed rate/term Home Equity Loan offers a low fixed rate with principal and interest payment. That way you can rest easy, knowing you can afford whatever you imagine for your home.

Blog icon Check out our blog - Saving on Home Renovations

Loan Amounts
  • Up to 90% Loan to Value on owner-occupied properties for qualified borrowers
  • Minimum $5,000
  • Maximum $200,000 (For higher loan amounts, please contact us.)
Closing Costs

May vary, please contact our Real Estate department at (815) 267-7700 or email us for a breakdown of closing costs
Approval time

Usually within 24 hours pending appraisal & title
Term

5, 7, 10 & 15 year fixed
Application Fee

$99 non-refundable
Payment Options
  • Direct Deposit with Automatic transfer
  • Payroll deduction†
  • Online Banking transfer
  • By mail or in person
Rates

Rates are based on the amount you borrow against the value of your home with underwriting approval.

Rate for loans up to 85% of your home's value

Terms Rate APR
5 Year 6.74% 6.78%
7 Year 6.99% 7.02%
10 Year 7.24% 7.26%
15 Year 7.49% 7.51%

Rates for loans between 85.01-90% of your home's value

Terms Rate APR
5 Year 7.74% 7.78%
7 Year 7.99% 8.02%
10 Year 8.24% 8.26%
15 Year 8.49% 8.51%
Payment Example & Calculator
Interest Rate: % APR
 

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Monthly Payment: $
 		  
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Early Closure Fee

Up to $250 if you pay off and close your Home Equity Loan within the first 2 years.
†Please email us or call 815-267-7700 to see if your employer offers payroll deduction.
 

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For more information, e-mail [email protected] or call our Real Estate Department at (815) 267-7700 or make an appointment.