Home Equity Loans & Lines of Credit
Your home is more than where you live — it’s one of your most valuable financial tools. A home equity loan or line of credit from Members Source lets you put that value to work, whether you’re renovating your kitchen, consolidating debt, or funding a major expense. As a Merrillville-based credit union, we offer competitive rates and a personal touch you won’t find at big national banks. Plus, the interest you pay may even be tax deductible.
Home Equity Line of Credit (HELOC)
- Loans up to 85% loan-to-value
- Funds accessible via online banking and mobile app
- Draw period of up to 10 years
- Competitive variable interest rates
Fixed Home Equity Loan
- Competitive fixed interest rates
- Flexible terms up to 15 years
- Loans up to 85% loan-to-value
A home equity loan is a great way to get the most out of the equity you’ve built in your home. Whether you want money for home improvement projects, to go on vacation, or just want to move higher interest rate debt to a low-rate solution, we have two home equity loan solutions that help you do more with your money. The best part? These loans can be used for any reason and may even be tax deductible!
Two Easy Ways to Apply
- Start your application process by phone at (219) 756-4141
- Stop in one of our two branches to start the application process
NMLS # 487142
Ready to become a member?
Join today and start taking advantage of everything Members Source has to offer.
