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% - 7.78% 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 to consolidate your bills or make improvements to your home.

Blog icon Check out our blog - Saving on Home Renovations

Loan Amounts
  • Up to 85% 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 deduction1
  • 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 80% of your home's value

Terms Rate2 APR
5 Year 6.74% - 7.74% 6.78% - 7.78%
7 Year 6.99% - 7.99% 7.02% - 8.02%
10 Year 7.24% - 8.24% 7.26% - 8.26%
15 Year 7.49% - 8.49% 7.51% - 8.51%

Rates for loans between 80.01-85% of your home's value

Terms Rate2 APR
5 Year 7.74% - 8.74% 7.78% - 8.78%
7 Year 7.99% - 8.99% 8.02% - 9.02%
10 Year 8.24% - 9.24% 8.26% - 9.26%
15 Year 8.49% - 9.49% 8.51% - 9.51%
Payment Example & Calculator
Interest Rate: % APR
 

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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.
1 Please email us or call 815-267-7700 to see if your employer offers payroll deduction.

2 Rates based on primary applicant’s personal credit score. Borrowers may qualify for a lower interest rate if their credit score improves within the first six months after their loan is disbursed. APR based on loan amount of $100,000.

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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.