Home Equity Loans
Thinking about doing some major remodeling to your home? Need a little help financing your child's education? An IAACU home equity loan is tailor-made for these and many other worthwhile purposes.
Our home equity loans are designed to provide you with the ultimate flexibility. Take advances via check, Home Banking or through the office. Rates start as low as .25% under prime, and you’ll never pay an annual fee. You can even select to make payments as low as interest only, giving you the freedom to choose your own repayment plan.
Our Home Equity Lines offer maximum flexibility and cost you nothing to open! We pay all the closing costs and there are no monthly or annual fees ever! In most cases, the interest will be tax-deductible. Consult your tax advisor to be sure. Proof of homeowner's insurance is required.
You can apply online or by calling our service center at 1-800-676-2541.and the process is quick and easy. We offer fast approvals and easy closing virtually anywhere in the U.S.*
Currently, IAA Credit Union is offering the following rates to its members:
| Mortgage Rates |  |
| Rates last updated 1/6/2009 8:27:40 AM. They are subject to change without notice. |
| Loan Type | Term (In Months) | Rate | Payment (Per $1000) | Annual Percentage Rate |
| Home Equity - Variable Rate |
| 240 (20yr) | 80% loan-to-value** | NA | 3.00%** |
| 240 (20yr) | 90% loan-to-value** | NA | 4.25%** |
| Lock in an 80% HELOC Balance |
| 120 months | 6.75% | $11.48 | 6.75% |
| Lock in a 90% HELOC Balance |
| 120 Months | 7.75% | $12.01 | 7.75% |
| Home Equity - Fixed Rate |
| 120 (10yr) | 90% loan-to-value | $12.01 | 7.75% |
| 60 (5yr) | 80% loan-to-value | $19.22 | 5.75% |
| 120 (10yr) | 80% loan-to-value | $11.48 | 6.75% |
| 60 (5yr) | 90% loan-to-value | $19.80 | 6.99% |
| First Mortgage - Fixed Rate |
| 180 (15 yr) | 5.000%* | $7.92 | 5.031% |
| 360 (30 yr) | 5.500%* | $5.69 | 5.520% |
| First Mortgage - Adjustable Rate |
| 3 year ARM (3-1) | 4.875% | $5.30 | 4.892% |
| 5 year ARM (5-1) | 4.875% | $5.30 | 4.892% |
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Loan Calculator
Apply for a Home Equity Loan online.
IAA Credit Union is an Equal Housing Lender.