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Listerhill Credit Union is a nonprofit financial cooperative improving lives in our community.

If you live in Alabama, Georgia, Mississippi, Florida, or Tennessee, you are eligible to become a member. Depending on your individual eligibility, we may require membership into an approved association at no cost to you.

You can also qualify for membership by being a family member of a current or potential Listerhill member.

With only $5, you can join Listerhill today and start taking advantage of a lifetime membership.

Home Equity Loan & Line of Credit

Your home is an investment. Tap into your equity to make more of it.

With a Home Equity Loan or Line of Credit, you can make home improvements or build a family pool — whatever your goals may be. Use the equity in your home to borrow the amount you need at a low interest rate and start making memories today. Call us at 256-383-9204 or apply now to get started.

Home Equity Loan & Line of Credit
Apply Now
Product Features
Convenient Payment Options

Conveniently pay off your loan through Online or Mobile Banking, automatic payments, or your local branch.

No Annual Fee

And not just for the first year. $0 every year.

Low Rates

Whether you choose the variable rate of a HELOC or the fixed rate of a Home Equity Loan, both are set at the lowest possible market price.

Tax Deductible Interest

Depending on how you use your loan or line of credit, you may be able to deduct its interest. Consult your tax advisor for more information.

Borrow What You Need

HELOCs start with a minimum credit advance of $10,000 with minimum future credit advances of $500 or borrow one lump sum with a Home Equity Loan.

Flexible Term & Repayment

With a 10-year draw period followed by a 10-year repayment period, HELOCs also have a low minimum monthly payment of $15.00 for every $1,000 based on the outstanding balance at the time of your most recent advance.

Easy Access To Your Line of Credit

HELOC checks allow easy access your credit line up to the approved limit.

Waived Maintenance Fee

Enjoy the perk of no Maintenance Fee with your Listerhill membership while your Listerhill loan is open or has been open within the last 12 months.

Home Equity Options at Listerhill
Home Equity Loan

In need of a lump sum of money all at once? A Home Equity Loan with Listerhill provides a fixed rate that allows you to keep your monthly payments consistent.

Home Equity Line of Credit

Borrow what you need, when you need with a Home Equity Line of Credit. Start with an initial draw of $10,000 and minimum future credit advances of $500. Remain worry-free with low monthly payments.

Home Equity

Loans APR Maximum Term
Home Equity Loan as low as 8.00% 10 years
Home Equity Line of Credit as low as 4.00%, variable 10 year draw, 20 year payback
Effective 7/1/23

* All rates and terms are subject to change without notice.

All loans and credit cards subject to credit approval; Actual rate will be determined by the credit worthiness of the borrower. Other restrictions may apply. Rates are subject to change without notice. Equal Housing Lender. The annual percentage rates (APR) on adjustable-rate home loans may vary and are subject to change after consummation. Please call a loan officer for down payment information.

Frequently Asked Questions

  • Who is a Home Equity Loan best for?

    If you’re the type of person who takes a big-picture view when planning your financial decisions, a home equity loan may make the most sense. Since you’re borrowing a fixed amount at a fixed rate, you can plan how much you’ll pay for the loan in the long run from day one.

  • Who is a HELOC best for?

    If you aren’t sure how much you’ll need to borrow or when you'll need it, a Home Equity Line of Credit is a great option. Access ongoing cash for a set period of up to 10 years with low minimum payments until your withdrawal period is complete. Contrary to a Home Equity Loan, the interest on a HELOC is a variable rate and may be impacted by the status of the economy.

  • How do home equity loans work?

    Also known as a second mortgage, home equity loans work by borrowing against the value of your home’s current equity. You may calculate this yourself by subtracting the amount you owe on your mortgage from the value of your home. Home equity loans provide lump-sum funds at fixed rates, creating affordable monthly payments that are consistent and affordable.

  • What type of requirements exist for home equity loans?

    Home equity loans rely on a loan to value ratio (LTV) to disburse funds, meaning that your credit score and home equity value should be fairly substantial to take advantage of all possible benefits. For assistance in the home equity loan pre-approval process, please speak with your local Listerhill Credit Union branch.

  • What can home equity loans be used for?

    Home equity loans provide you with the opportunity to chase dreams to the fullest. Enjoy a vacation with the whole family, invest in a household remodeling project, or even finance an upcoming vehicle purchase with only a few clicks. If you can dream it, you can achieve it!

Home Equity Line of Credit (HELOC) Calculator

This line of credit allows you to tap into your home’s equity and borrow against it. Estimate the limit you could be approved for.

*Equal Opportunity Lender. Loans subject to normal credit approval. All loan rates quoted as Annual Percentage Rate (APR) and are subject to change without notice. Home loans are available on primary residence only. Borrow up to 90% of tax appraisal value. Member pays for appraisal.

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Meet our Mortgage Loan Officers
Stacy Aldridge

NMLS# 449408

4790 East Second Street, Muscle Shoals, AL 35661

256.383.9204, ext. 1222

saldridge@listerhill.com

Apply Now with Stacy

Casey Neill

NMLS# 207237

1623 Hatcher Lane, Columbia, TN 38401

256.383.9204, ext. 3813

cneill@listerhill.com

Apply Now with Casey

Vicki Wilson

NMLS# 198718

4790 East Second Street, Muscle Shoals, AL 35661

256.383.9204, ext. 1386

vwilson@listerhill.com

Apply Now with Vicki

Ashley Robinson

NMLS# 1816083

1812 Woodward Ave, Muscle Shoals, AL 35661

256.383.9204, ext. 2941

arobinson@listerhill.com

Apply Now with Ashley

Blair Cunningham

NMLS# 1962170

4790 2nd St, Muscle Shoals, AL 35661

256.383.9204, ext. 3940

bcunningham@listerhill.com

Apply Now with Blair

Katie Lewis

NMLS# 655785

22223 US HWY 72 Athens, AL 35613

256.383.9204, ext. 1397

klewis@listerhill.com

Apply Now with Katie

Nortricia Starnes

NMLS# 534384

1850 Cherokee Avenue Southwest, Cullman, AL 35055

256.383.9204, ext. 2825

nstarnes@listerhill.com

Apply Now with Nortricia

Karri Cummings

NMLS# 1701666

13400 Highway 43, Russellville, AL 35653

256-324-0122

kcummings@listerhill.com

Apply Now with Karri

Additional Questions?

Listerhill has consistently been rated in the top tier for overall satisfaction by our members. While we hope you find the information you need online, we'd be happy to talk with you about questions you may have. Call us at (256) 383-9204 or 1-800-239-6033 for friendly, local assistance. Or even stop by one of our branches for personal service.

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Common Links

Frequently Asked Questions

  • What if I prefer to make my payments through a pre-authorized automatic payment arrangement (ACH)?

    Please contact TruHome at 844-203-3642 to set up automatic payments or visit here to set them up yourself.

  • What if I prefer to make my payments through the Listerhill Mobile Banking app or Online Banking?

    Unfortunately, when the transfer occurs, mortgages will not be displayed on our app or in online banking, but we are working to bring that functionality ASAP.

    In the meantime, please visit here to view all mortgage information and payment options.

  • What if I prefer to make my payments through the "Pay Your Loan" link on the Listerhill website?

    Unfortunately, after the transfer you will not be able to use this link to pay your mortgage. However, you can visit here to view all mortgage information and payment options.

  • What if I prefer to make my payments over the phone?

    You can reach TruHome's payment center by calling 844-203-3642.

  • What if I prefer to make my payments by mail or through Bill Pay at another financial institution?

    As a national servicing company, TruHome will probably be in your other financial institution's list of payees who accept electronic payments. If not, you can set up the account using the address below:

    TruHome Solutions, LLC

    P.O. Box 219958

    Kansas City, MO 64121-9958