Home Equity Loans


Your best source of credit may be closer than you realize. The equity you've built in your home can help you at every stage of life - for major purchases, a new car, college tuition, debt consolidation, home remodeling or improvements, and more. And interest on home equity loans is usually tax-deductible. (Consult your tax adviser about the deductibility of interest.)

Premier Credit Union has two Home Equity options available for primary residences (owner-occupied) in Iowa, so you can choose the one that's perfect for you.


Variable Rate Home Equity Line of Credit (HELOC)

A HELOC, or Home Equity Line of Credit, is an open-end revolving line of credit secured by the equity you have built up in your home. A Premier Credit Union Home Equity Line of Credit offers you the following advantages:

  • A low variable interest rate
  • 30 year amortization
  • Open ended line-of-credit - as you repay your balance, your credit line is available again for future use.
  • Request a credit advance electronically (Available on loans funded after 02/01/08) 
  • Low closing costs

Fixed Rate Closed-End Home Equity Loan

If you prefer a fixed rate and term and have a specific project in mind - such as building a new pool, purchasing a boat or RV, or consolidating high-interest debt - choose Premier Credit Union's Fixed Closed-End Home Equity Loan. You'll enjoy the following benefits:

  • A low fixed rate
  • 5 to 15 year amortization
  • One lump sum loan
  • Regular monthly payments until balance is paid in full
  • Interest rate and monthly payment remain the same over the life of the loan
  • Low closing costs

Fast Track Mortgage Refi

We know each homeowner has a unique financial situation and navigating mortgages can be overwhelming.  Our loan officers take the time to get to know you, your financial situation and tailor one of our many mortgage products to meet your goals.  Contact one of our Loan Officers today to get started.

Request a Home Equity Line of Credit Advance (Available on loans funded after 02/01/08)
Loans Rates
Loan Calculator
Insurance Services

Site Search

News & Events

  • Tune into 104.1 EZ FM for your chance to win with the Fantastic Plastic Contest! 
  • Premier Credit Union does not utilize any of the SolarWinds products that were affected by the recent attack.

Third Party Site Disclaimer You are leaving Premier CU's website. Links that may be accessed via this third party site are for the convenience of informational purposes only. Any products and services accessed through this third party site are not provided or guaranteed by Premier CU. The site you are about to visit may have a privacy policy that is different than Premier CU's. Please review their privacy policy. Premier CU does not endorse the content contained in these sites, nor the organizations publishing those sites, and hereby disclaims any responsibility for such content.