Home Equity Loan Offer | Levo Credit Union

*No-closing-cost offer applies to Home Equity Loans and Home Equity Lines of Credit for applications submitted through Levo Credit Union’s Fargo, ND, or Sioux City, IA, branches between now and December 31, 2026. Closing costs waived include credit report, AVM, recording, flood certification, document preparation, tax service, and verification fees. Appraisal fees, if required, and title insurance are not waived and are the responsibility of the borrower. Minimum loan amount of $10,000. With approved credit. Limited-time offer. Some restrictions apply. NMLS #441310.

5StarsOrange

Home Equity Testimonial

Rachel Kopp is the best. She made our bridge loan far less stressful. She is very organized and knowledgeable. The transaction took less time than expected. Offers services above and beyond expectations.
- Bonnie, Levo Member

5StarsOrange

Home Equity Testimonial

The team made it incredibly easy and fast to set up a HELOC. Great service and people!
- Tanner, Levo Member

5StarsOrange

Home Equity Testimonial

We are very impressed with Logan Watzek at Levo for our loan needs! Very professional and super helpful in every way that was needed. I highly recommend Logan at Levo for a loan!
- Dee K., Levo Member

Credit Tier	Tier 1	Tier 2	Tier 3
Prime Rate: 7.00%	720+	680-720	-680

Credit Tier	1	2	3
< 70% CLTV	7.25%	7.50%	8.00%
70-79.9% CLTV	7.50%	7.75%	8.25%
80-90% CLTV	7.75%	8.00%	8.50%

Credit Tier	1	2	3
< 70% CLTV	7.49%	7.74%	8.24%
70-79.9% CLTV	7.74%	7.99%	8.49%
80-90% CLTV	7.99%	8.24%	8.74%

Credit Tier	1	2	3
< 70% CLTV	7.74%	7.99%	8.49%
70-79.9% CLVT	7.99%	8.24%	8.74%
80-90% CLTV	8.24%	8.49%	8.99%

Credit Tier	1	2	3
Up to 90% CLTV	7.99%	8.24%	8.74%

Credit Tier	1	2	3
Up to 90% CLTV	7.00%	7.25%	7.75%

Home equity is the difference between your home's current value and the amount you still owe on your mortgage. For example, if your home is worth $300,000 and you owe $200,000, you have $100,000 in equity.

A Home Equity Loan or HELOC can be used for a variety of personal expenses, including home improvements, debt consolidation, major purchases, travel, education, unexpected expenses, and more.

A Home Equity Loan gives you a lump sum with a fixed interest rate and predictable monthly payments. A HELOC gives you a revolving line of credit, so you can borrow what you need when you need it, with a variable interest rate.

No. A Home Equity Loan or HELOC is separate from your existing mortgage, so it won't change the interest rate, balance, or terms of your current mortgage.

It depends on the loan. Some loans require a full appraisal, but for most of our Home Equity Loans and HELOCs, we may be able to use an automated valuation (AVM) or your property's tax-assessed value instead.

Your rate is based on the specific home equity product you choose, your property's loan-to-value ratio, and your credit score. Your final rate will be determined during the loan application process.

Home equity financing may offer a lower interest rate than some other forms of borrowing, such as credit cards or personal loans. It can also offer longer repayment terms, which may help make monthly payments more manageable.

A typical Home Equity Loan can be completed in about 3–4 weeks. Timing can vary depending on the loan, appraisal requirements, documentation, and other factors.

No. Levo does not charge prepayment penalties on Home Equity Loans or HELOCs.

You can start by talking with one of our Home Equity Specialists or completing an online application. From there, a Home Equity Specialist will walk you through the process and help you understand your next steps.

*APR – Annual Percentage Rate. Membership eligibility is required. Your credit score will determine your loan interest APR. The numbered tiers shown represent credit score ranges as follows: 1 = 721+, 2 = 680-720, 3 = 679 or lower. The specific rate will be set during the loan application review. Unless noted, all rates are fixed rates. Variable rates are subject to change at the end of each calendar quarter. Fees include filing fee/satisfaction fee, credit report, flood certification, and title work. Home appraisal fees, if needed, are not included.

Home Equity Construction Loans must have credit approval, and an appraisal is required before closing the loan to determine value. A third draw inspection and a final inspection must be conducted over a 3-month period.

Home equity loans, home equity lines of credit, and home equity construction loans must have a minimum loan amount of $10,000.00. With approved credit. Some restrictions apply. See our Fee Schedule or talk to one of our Home Equity Specialists for details.

Contact us for current rates. Levo Credit Union® retains and services the loans. Federally insured by NCUA. Equal Housing Opportunity lender. NMLS #441310.