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    HOME EQUITY LOANS

    Does your home need a facelift? Sometimes a little update is all you need to get your house feeling like a home again.

    GET STARTED ︎

    Unlock Your Equity

    You have plans. You have goals. You’ve built equity in your home – so put your muscles to work and let us worry about the rest. Utilize your home's equity to implement your needs or dreams.

    rates as low as

    7.250%/7.665% APR*
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    Low Fees

    Levo keeps the fees associated with financing a home sensible and minimal. Experience the Levo difference.

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    Speedy Decisions

    We don’t leave you hanging on our pre-qualification decisions—you know your approval status when you speak with your loan officer.

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    Local Underwriting

    Our local team features an underwriting pro who can make the qualification process smooth, simple and speedy. Plus, all loans stay in-house. They are not sold.

    Loans For The Way You Live

    Home Equity Loan

    A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution.


    • The value of the property is determined by one of three things, either an appraisal, AVM or tax assessed value
    • Able to borrow up to 100% of value
    • Closing Fee is $495
    • Loans are retained and serviced at Levo Credit Union
    • Can be used for home improvements, emergency funds, travel expenses, consolidate debt, potentially deduct the interest on your taxes (consult your tax adviser)

    Home Equity Line of Credit (HELOC)

    A home equity line of credit, or HELOC, is a loan in which the lender agrees to lend a maximum amount within an agreed period, where the collateral is the borrower's equity in their house. Experience low rates, low payments, and a quick and easy loan process.


    • Potential to borrow up to 100% CLTV (loan to value)
    • 5-Year draw period
    • Minimum payment during draw period is interest only
    • No prepayment penalty or annual fees
    • No minimum number of draw of dollar amount
    • Only $495 closing costs without an appraisal
    • Can be in place as a reserve to use if need be
    • Loans are retained and serviced at Levo Credit Union
    • The value of the property is determined by one of three things. Appraisal, AVM, or tax assessed value.
    • Can be used for home improvements, emergency funds, consolidate debt, pay off high-interest debt, vehicle purchase or repair, education expenses, annual tax payments, cash reserve, funds for down payment on second home or investment property, potentially deduct the interest on your taxes (consult your tax adviser)

    Home Equity Construction Loan

    Have a big renovation and not enough equity for a home equity loan? A Home Equity Construction Loan is a type of loan in which the borrower uses the future equity of his or her home as collateral to complete a remodel, renovation, and/or addition project. The loan amount is determined by a "subject-to" appraisal, meaning the home's value is subject to completion of the project. Essentially, we give you the equity in advance to help you complete the project!


    • Borrow up to 90% of the property's value, based on the home's worth after improvements
    • Maximum loan amount - $100,000.00
    • Construction term - 9 months
    • Loans are retained and serviced at Levo Credit Union
    • Fees waived for permanent financing into Levo home equity loan or HELOC

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    Don't have enough equity in your home for that reno?

    We have the perfect solution for you. Explore our Home Equity Construction Loans—this could be your key to making those improvements happen. 

    We're ready when you are

    Meet the Team

    RachelK_1

    RACHEL KOPP

    Home Equity Specialist

    Branch: Downtown
    NMLS #2178489

    MEET RACHEL ︎

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    lOGAN WATZEK

    Home Equity Specialist

    Branch: S. Louise
    NMLS #2333671

    MEET LOGAN ︎

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    Current Home Equity Rates

    Credit Tier Tier 1 Tier 2 Tier 3
    Prime Rate: 7.50% 720+ 680-720 -680

    5 Year - Fixed Rate Term

    Credit Tier 1 2 3
    < 70% CLTV 7.25% 7.50% 8.00%
    70-79.9% CLTV 7.50% 7.75% 8.25%
    80-89.9% CLTV 7.75% 8.00% 8.50%
    90-100% CLTV 8.50% 8.75% 9.25%

    7 Year - Fixed Rate Term

    Credit Tier 1 2 3
    < 70% CLTV 7.49% 7.74% 8.24%
    70-79.9% CLTV 7.74% 7.99% 8.49%
    80-89.9% CLTV 7.99% 8.24% 8.74%
    90-100% CLTV 8.74% 8.99% 9.49%

    10 Year - Fixed Rate Term

    Credit Tier 1 2 3
    < 70% CLTV 7.74% 7.99% 8.49%
    70-79.9% CLVT 7.99% 8.24% 8.74%
    80-89.9% CLTV 8.24% 8.49% 8.99%
    90-100% CLTV 8.999% 9.24% 9.74%

    6 Year Balloon

    Credit Tier 1 2 3
    Up to 100% CLTV 7.99% 8.24% 8.74%

    HELOC - Variable Rate

    Credit Tier 1 2 3
    Up to 90% CLTV 7.50% 7.75% 8.25%
    91-100% CLTV 8.50% 8.75% 9.25%

    How can we help?

    *APR – Annual Percentage Rate. Membership eligibility is required. Your credit score will determine your loan interest APR. The numbered tiers shown represent credit score ranges as follows: 1 = 721+, 2 = 680-720, 3 = 679 or lower. The specific rate will be set during the loan application review. Unless noted, all rates are fixed rates. Variable rates are subject to change at the end of each calendar quarter. Fees include filing fee/satisfaction fee, credit report, flood certification, and title work. Home appraisal fees, if needed, are not included.

     Home Equity Construction Loans must have credit approval, and an appraisal is required before closing the loan to determine value. A third draw inspection and a final inspection must be conducted over a 3-month period.

    Home equity loans, home equity lines of credit, and home equity construction loans must have a minimum loan amount of $10,000.00. With approved credit. Some restrictions apply. See our Fee Schedule or talk to one of our Home Equity Specialists for details.

    Contact us for current rates. Levo Credit Union retains and services the loans. Federally insured by NCUA. Equal Housing Opportunity lender. NMLS #441310.

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    Routing Number: 291479974

    NMLS: 441310

    If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 1-800-568-5711 for assistance. All products and services available on this website are available at all Levo Credit Union branch locations.

    © 2014-2025 Levo Credit Union