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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.

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.

Excused From 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 4.25% 7 years
Home Equity Line of Credit as low as 4.00% 10 year draw, 20 year payback
8/1/2020

* 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 Loan Calculator

Unlike other banks and lending institutions, Listerhill Credit Union provides members with tangible, personal, and localized financial assistance at all times. Get started by calculating the estimated cost of your loan.

*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

256.383.9204, ext. 1222

saldridge@listerhill.com

Apply Now with Stacy

Casey Neill

NMLS# 207237

256.383.9204, ext. 3813

cneill@listerhill.com

Apply Now with Casey

Vicki Wilson

NMLS# 198718

256.383.9204, ext. 1386

vwilson@listerhill.com

Apply Now with Vicki

Ashley Robinson

NMLS# 1816083

256.383.9204, ext. 2941

arobinson@listerhill.com

Apply Now with Ashley

Morgan Prestage

NMLS# 1872232

256.383.9204, ext. 1348

mprestage@listerhill.com

Apply Now with Morgan

Blair Cunningham

NMLS# 1962170

256.383.9204, ext. 1341

bcunningham@listerhill.com

Apply Now with Blair

Katie Lewis

NMLS# 655785

256.975.8697

klewis@listerhill.com

Apply Now with Katie

Nortricia Starnes

NMLS# 534384

1850 Cherokee Avenue Southwest, Cullman, AL 35055

256.383.9203 x2825

nstarnes@listerhill.com

Apply Now with Nortricia

Karri Cummings

NMLS# 1701666

13400 Highway 43, Russellville, AL 35653

256.332.7756

kcummings@listerhill.com

Apply Now with Karri

Additional Questions?

Listerhill has been 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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Frequently Asked Questions

  • How do I qualify for membership at Listerhill?

    To qualify for membership with Listerhill, you must meet one of the following requirements:

    • If you live in the states of Alabama, Georgia, Mississippi, or Tennessee, you are eligible to become a member.
      • Depending on your individual eligibility requirements, 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.
  • If you do not live in qualifying counties or states

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

  • If you do not live in qualifying counties

    If you do not live, attend school, own property, or work in the qualifying counties (listed above), you can become a member by joining an approved association (at no cost to you) if you reside in Alabama, Georgia, or Tennessee.

  • If you do live in qualifying counties

    You must live, attend school, own property, or work in qualifying counties:

    • Lauderdale County, AL
    • Colbert County, AL
    • Franklin County, AL
    • Marion County, AL
    • Winston County, AL
    • Cullman County, AL
    • Limestone County, AL
    • Lawrence County, AL
    • Morgan County, AL
    • Lamar County, AL
    • Fayette County, AL
    • Walker County, AL
    • Maury County, TN
    • Spring Hill, Williamson County, TN
  • Is there a Listerhill branch in Athens?

    Our Listerhill branch in Athens, Alabama is under construction will be open and ready to serve you in spring 2022! Until then, our closest branch to the Athens, AL area is in Rogersville.