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Prime Rate Home Equity Line-of-Credit Program - Apply Now
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| Minimum Loan Amount |
$5,000 |
| Maximum Loan Amount |
$100,000
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| Overall Limitation |
80% of appraised value, less balance of 1st mortgage |
| Draw Period |
5 Years |
| Rate |
Variable, based on Prime + margin |
| Application Fees (Indiana Residents Only) |
A $150.00 refundable application fee is required. The fee is returned after the loan closing, if a full appraisal is not obtained. |
| Monthly Payment |
The monthly payment will be calculated at 1% of loan balance. |
| Current Rate (80% LTV and less) as low as |
3.25% APR*
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| *Annual percentage rate. Rates may vary. The index is based on the Prime Rate as published in the Wall Street Journal on the last Tuesday of the month plus margin. The maximum rate is 6% over Wall Street Prime. IMCU rates change the first of the following month. For further information on all applicable Federal and State consumer credit disclosures, consult the Home Equity Program Brochure. Limited lending area. Credit approval required. These programs apply to owner occupied, single-family, detached dwellings only. |
