Home equity loan rates

Rates current as of November 8, 2024.

Fixed Rate (Up to 90% of Value)	RATE
5 Year Amortization	6.49% APR*
10 Year Amortization	6.69% APR*
15 Year Amortization	6.89% APR*
20 Year Amortization	7.29% APR*

Payment example: A 20 year $30,000 fixed rate home equity loan at 7.29% APR has an approximate monthly payment of $237.84. Other terms and amounts are available.

Variable Rate (Up to 90% of Value)	Rate
Home Equity Line of Credit Payments: 1.5% of principal balance owed on the monthly billing date (minimum payment $75). Loan term is 30 years, final balloon payment may be required depending on actual usage. Rate offered subject to change monthly for new loans. Maximum rate 18%.	7.75% APR*
Interest Only Home Equity Line of Credit Payments: interest only based on principal balance owed on the monthly billing date for 30 years with final balloon payment for principal balance. Rate offered subject to change monthly. Maximum rate 18%.	8.25% APR*

Fixed Rate (Up to 80% of Value)	Rate
1 Year All Due Note Payment example: A 1 year $20,000 note would have 11 interest only payments varying between $117.19 and $129.17 ($50 minimum) followed by a single final interest payment and a $20,000 balloon payment.	7.75% APR*

* APR = Annual Percentage Rate.

Home financing is available to existing customers, or new customers who live or work in Minnesota, for properties located in AZ, FL, IL, IN, IA, KS, MN, MO, NE, ND, SD & WI. Closing costs may vary from $0-$1500. Payment does not include amount for taxes & insurance and the actual payment obligation may be greater.

NMLSR ID 440195