Home Equity Products

Your home is one of your most valuable assets.

Our home equity lines of credit and loans will provide you with an affordable way to put your home to work for you. 

What you can do with your new home equity from Lexington 

  • Pay off an existing home equity with a great low rate 
  • Consolidate high interest rate debt 
  • Start your new home improvement project

Home Equity Loan

Are you looking for a fixed monthly payment? Do you have a specific purchase you would like to make? Our no closing cost home equity loan could be the option for you.

Home Equity Line of Credit

Are you looking for a low rate revolving line of credit that you can have available for life needs? Our no closing cost home equity line of credit provides flexible payment options and instant access to your line of credit that you can use now or in the future.

Home equity line of credit as low as 3.25%
Home equity loan as low as 5.50%

RATES

HOME EQUITY LINE OF CREDIT

Loan to ValueRate
80%Prime
90%Prime+1%
95%Prime+1.5%
  • Minimum line is $10,000 
  • No closing costs. 
  • 10 year draw period 
  • 20 year repayment period 
  • 30 year payment amortization

HOME EQUITY TERM LOAN

5 Years
80%5.50%
90%6.00%
95%6.50%
10 Years
80%6.00%
90%6.50%
95%7.00%
15 Years
80%6.75%
90%7.25%
95%8.00%
  • Minimum line is $10,000 
  • No closing costs.

The eligible property types will be comprised of the following: 

1 to 4-unit owner occupied, 1 to 4-unit non-owner occupied, modular home, vacation home and second homes. 

  • Maximum loan to value for owner occupied homes is 95%. 
  • Maximum loan to value for non-owner occupied homes is 80%. 
  • You will be required to reimburse us for all closing costs to open your line of credit or loan unless you keep your account open for at least two years from the date of your closing

Toll Free: (800) 309-6470

Telephone Banking: (844) 492-8036

Local: (585) 254-4543

Copyright © Lexington Federal Credit Union 2020. All Rights Reserved.

Website by

MENU