Home Equity Loan & Line of Credit

Home Loans

Your home is an investment. Tap into your equity to make more of it.

With a Home Equity Loan or Line of Credit, you can make home improvements or build a family pool — whatever your goals may be. Use the equity in your home to borrow the amount you need at a low interest rate and start making memories today. Call us at 256-383-9204 or apply now to get started.

Apply now

View rates

Conveniently pay off your loan through Online or Mobile Banking, automatic payments, or your local branch.

And not just for the first year. $0 every year.

Whether you choose the variable rate of a HELOC or the fixed rate of a Home Equity Loan, both are set at the lowest possible market price.

Depending on how you use your loan or line of credit, you may be able to deduct its interest. Consult your tax advisor for more information.

HELOCs start with a minimum credit advance of $10,000 with minimum future credit advances of $500 or borrow one lump sum with a Home Equity Loan.

With a 10-year draw period followed by a 10-year repayment period, HELOCs also have a low minimum monthly payment of $15.00 for every $1,000 based on the outstanding balance at the time of your most recent advance.

HELOC checks allow easy access to your credit line up to the approved limit.

Enjoy the perk of no Maintenance Fee with your Listerhill membership while your Listerhill loan is open or has been open within the last 12 months.

Convenient Payment Options (General Loans)

Conveniently pay off your loan through Online or Mobile Banking, automatic payments, or your local branch.

No Annual Fee

And not just for the first year. $0 every year.

Low Rates

Whether you choose the variable rate of a HELOC or the fixed rate of a Home Equity Loan, both are set at the lowest possible market price.

Tax Deductible Interest

Depending on how you use your loan or line of credit, you may be able to deduct its interest. Consult your tax advisor for more information.

Borrow What You Need

HELOCs start with a minimum credit advance of $10,000 with minimum future credit advances of $500 or borrow one lump sum with a Home Equity Loan.

Flexible Term & Repayment

Easy Access To Your Line of Credit

HELOC checks allow easy access to your credit line up to the approved limit.

Waived Maintenance Fee

Enjoy the perk of no Maintenance Fee with your Listerhill membership while your Listerhill loan is open or has been open within the last 12 months.

Home Equity Options at Listerhill

Home Equity Loan

In need of a lump sum of money all at once? A Home Equity Loan with Listerhill provides a fixed rate that allows you to keep your monthly payments consistent.

Apply Now

Home Equity Line of Credit

Borrow what you need, when you need with a Home Equity Line of Credit. Start with an initial draw of $10,000 and minimum future credit advances of $500. Remain worry-free with low monthly payments.

Apply Now

HELOC Calculator

This line of credit allows you to tap into your home’s equity and borrow against it. Estimate the limit you could be approved for. *Equal Opportunity Lender. Loans subject to normal credit approval. All loan rates quoted as Annual Percentage Rate (APR) and are subject to change without notice. Home loans are available on primary residence only. Borrow up to 90% of tax appraisal value. Member pays for appraisal.

Learn More

Home Equity Loan & Line of Credit Current Rates

Home Equity Loan & Line of Credit

Effective 8/1/2026

Home Equity Loan

APR as low as (%): 5.75%

Term: 10 Years

Home Equity Line of Credit

APR as low as (%): 4.00%, Variable

Term: 10 Year Draw, 20 Year Payback

Mortgage and Home Loans are subject to credit approval. Actual rates will be determined by the individual creditworthiness of each borrower. Rates are subject to change without notice. The APR on adjustable-rate home loans may vary and are subject to change after consummation. Property, occupancy, underwriting, and other restrictions may apply. Equal Housing Lender. Contact a loan officer for current rates, APRs, down payment requirements, and complete program details. APR = Annual Percentage Rate.

Frequently Asked Questions

Help Center

Who is a Home Equity Loan best for?

If you’re the type of person who takes a big-picture view when planning your financial decisions, a home equity loan may make the most sense. Since you’re borrowing a fixed amount at a fixed rate, you can plan how much you’ll pay for the loan in the long run from day one.

Who is a HELOC best for?

If you aren’t sure how much you’ll need to borrow or when you'll need it, a Home Equity Line of Credit is a great option. Access ongoing cash for a set period of up to 10 years with low minimum payments until your withdrawal period is complete. Contrary to a Home Equity Loan, the interest on a HELOC is a variable rate and may be impacted by the status of the economy.

How do home equity loans work?

Also known as a second mortgage, home equity loans work by borrowing against the value of your home’s current equity. You may calculate this yourself by subtracting the amount you owe on your mortgage from the value of your home. Home equity loans provide lump-sum funds at fixed rates, creating affordable monthly payments that are consistent and affordable.

What type of requirements exist for home equity loans?

Home equity loans rely on a loan to value ratio (LTV) to disburse funds, meaning that your credit score and home equity value should be fairly substantial to take advantage of all possible benefits. For assistance in the home equity loan pre-approval process, please speak with your local Listerhill Credit Union branch.

What can home equity loans be used for?

Home equity loans provide you with the opportunity to chase dreams to the fullest. Enjoy a vacation with the whole family, invest in a household remodeling project, or even finance an upcoming vehicle purchase with only a few clicks. If you can dream it, you can achieve it!