Home Equity Loans

LCU offers both fixed and variable rate Home Equity Loans which use your primary residence as collateral.  Maximum loan amount up to $500,000.

Fixed Interest Rates

Up to 180 Month Repayment

In order to apply for a Home Equity Loan, we must send you an Application Packet by mail. Please contact Leyden Credit Union by phone or email.

 

Open-end Lines of Credit

Using the home as collateral, this line of credit offers members the ability to draw pre-approved credit, as needed. Maximum credit limit available is

  • Variable interest rate as low as the Prime Rate.
  • 5 year draw period with 15 year repayment
  • Up to 100% of equity
  • Minimum credit limit – $10,000.  Maximum credit limit – $500,000

Convenient pre-approval and automatic payment available. Simple interest with no pre-payment penalties. Consult your tax advisor to learn about possible tax deduction of interest.

2701 N 25th Avenue Franklin Park, IL 60131 Call 847-455-8440 Fax 847-455-1245 Contact Us