Home Equity Loans

Our HELOC (Home Equity Line of Credit) is secured by your home or cabin, allowing you to use the equity you have built up to purchase the things you want; a new car, home remodeling, or helping your child with college expenses. You need to check with your tax advisor to determine if the interest is tax deductible. Our HELOC loans offer no annual fee, no advance fee and low closing costs.

Accessing your HELOC is easy…

Ask a teller for an advance
Call Hal, our 24-hour telephone teller, and request a transfer from your REAP loan to your checking or savings with ICU
Visit the ICU Internet Branch to make an advance, transfer money from the REAP Loan to your checking or savings account at ICU or request a check be sent to you.
Write a personal check from your ICU checking account, that is tied to the same account number as your HELOC Loan.
Write a HELOC Loan check.

Home Equity Loan

Home Equity Loan	Terms	Loan Amount
Looking to put that addition onto your home, or sending your student to college? Whatever the case, Indianhead Credit Union has great home equity loans to suit your need. Using the value of your home, you can borrow against it to get you a lower rate and better terms. Use the money for whatever you would like.	Up to 20 years ( if using a home equity to take over first position on deed)	Financing up to 90% appraised value of home

R.E.A.P®	Terms	Loan Amount
Real-Estate Equity Advance Plan (R.E.A.P) is different than a home equity loan because it is a line of credit. A line of credit, doesn’t have a set borrowed amount. Instead, it has a limit that you can borrow up to, similar to a credit card. ®	5 years	Can borrow up to 80% of the value of the home

Thanks for visiting Indianhead Credit Union, where we strive to give you excellent, professional and confidential service with a small town touch

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Routing Number: 291880767

Federally Insured by NCUA and an Equal Housing Lender. We do business in accordance with the Fair Housing and Equal Credit Opportunity Act. NMLS #464571

*APR = Annual Percentage Rate. Rate based on creditworthiness and term of loan.

**APY = Annual Percentage Yield. Rates are subject to change at any time and are not guaranteed.

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