APY = Annual Percentage Yield, APR = Annual Percentage Rate
Get the funds you want to pay for what you need
You can secure a loan with the equity in your home and use the funds for a number of major life expenses. Get the funds as a lump sum, or as a home equity line of credit (HELOC). The low rate helps you save money.
Today's home equity loans rates
View rates60 months
As low as
Home equity loan options
You may need a one-time loan or a line of credit (HELOC) to best meet your needs and in either case Heartland has an option for you.
Fixed payments on second mortgages
You can more easily budget and afford your monthly payments on a fixed-rate, closed-end second mortgage.
Open-ended line of credit
Borrow only what you need as expenses arise. As you pay back what you used, the balance becomes available again.
Low interest rates
Our home equity loans and HELOC options have lower rates than other loan options, helping you save more.
Interest may be tax deductible*
Sometimes home equity loan interest gives you a tax advantage. *Speak to your tax advisor to see if a home equity loan could benefit your tax situation.
Up to 100% combined loan to value ratio
For primary residences, you could qualify for a higher loan amount than what other institutions can offer because we finance up to 100% of your loan to value (LTV) ratio.
Have a question?
Come meet our amazing team. We can help you with vehicle loans, personal loans, and home equity loans.
Estimate your monthly payment
Let's see what your monthly payment could be for a closed-end second mortgage.
Monthly Payment
With Heartland, you can enjoy helpful benefits with your second mortgage
Life can be easier with a second mortgage. At Heartland Credit Union, we offer fixed monthly payments as well as flexible terms of 5, 10, or 15 years to repay. Plus, with competitive rates you can rely on an affordable loan option with us.
April was absolutely fantastic! She assisted me with a second mortgage and was very quick to respond to my questions.
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1
Complete an application
Fill out an online application within a matter of minutes.
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2
Get approved
Our lenders will review your application and notify you of your approval.
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3
Use funds
Once you receive funds in your account, use them however you want and begin making affordable monthly payments to repay your balance.
Afford life's expenses with your home's equity
Your home is one of your greatest investments and resources, and with a home equity loan or line of credit, you can better afford a vacation, renovations, medical expenses, and more.
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*APR is Annual Percentage Rate. After the introductory period, the rate will be tied to the Prime Rate as published in the Wall Street Journal plus or minus a margin. The prime rate as of July 26, 2023, is 8.50%. Our second mortgage rates range from 7.99% to 16.49% and are accurate as of September 1, 2023. Rates are subject to change but will never go above 18.00% APR or below the floor rate of 3.99% APR. Your actual rate will be based on your creditworthiness and loan-to-value (LTV). Maximum LTV is 100%. Property insurance is required. Existing Home Equity Lines of Credit are not eligible for the introductory rate. Appraisal fee and title insurance, if required, is an additional charge. Closing cost fees generally range from $0.00 to $600.00. Fees that may apply: appraisal or property valuation, title report, flood determination, tax servicing, and filing fees.
Rates
Home Equity Loan Rates
| Term | APR* as low as | |
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Home Equity Line of Credit |
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Second Mortgage Fixed |
Up to |
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*APR is Annual Percentage Rate. After the introductory period, the rate will be tied to the Prime Rate as published in the Wall Street Journal plus or minus a margin. The prime rate as of July 26, 2023, is 8.50%. Our second mortgage rates range from 7.99% to 16.49% and are accurate as of September 1, 2023. Rates are subject to change but will never go above 18.00% APR or below the floor rate of 3.99% APR. Your actual rate will be based on your creditworthiness and loan-to-value (LTV). Maximum LTV is 100%. Property insurance is required. Existing Home Equity Lines of Credit are not eligible for the introductory rate. Appraisal fee and title insurance, if required, is an additional charge. Closing cost fees generally range from $0.00 to $600.00. Fees that may apply: appraisal or property valuation, title report, flood determination, tax servicing, and filing fees.
All features
Access full HELOC amount
You can access the full value of your HELOC if needed, helping you more securely fund your pressing expenses and projects.
Terms of 5, 10, or 15 years for second mortgages
You can have flexibility when choosing a repayment plan for your second mortgage, in hopes of saving your more.
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