Home Equity Line of Credit

The convenience of anytime access and continuing source of funds can be used for debt consolidation, home improvements, education costs, wedding expenses, vacation plans and most any other purpose.

Features:

  • Borrow up to $250,000 (up to 80% current home LTV*)
  • 10 year draw period
  • Revolving credit line available (up to 20-year repayment)
  • Minimum monthly payment based on principal & interest due for the current balance
  • No pre-payment penalties
  • Convenient access to your money—Online Banking or check
  • Interest may be tax-deductible**.

Additional Information

*Up to 80% Loan-to-Value financing based on qualification. Processing fee is non-refundable. Loan applications subject to METRO’s lending guidelines. Listed rate is for excellent credit, your rate may vary based on your credit score. The final rate is based on credit score and Loan-to-Value financing (LTV). The Home Equity Line-of-Credit annual percentage rate is based on Prime Rates plus an added margin. The rate is subject to change January 1st and July 1st each year. The prime rate is currently 6.75% as published in the Wall Street Journal as of December 11, 2025. Minimum monthly payment is $100. Property values are based on the lesser of the current appraised value or a Freddie Mac Home Value Explorer (HVE®) with a condition report. Independent appraisals not accepted. Consult your tax advisor regarding tax-deductible interest. Rates subject to change. Savings account is required for credit union membership.

Home Equity Fixed Rate

Get the money you need in a convenient, single payout to cover debt consolidation, home improvements, medical expenses or most any other purpose.

Features:

  • Loans up to $250,000 (up to 80% current home LTV*)
  • Fixed terms of 5, 8, 10 or 15 years
  • No annual fees
  • Fixed-rate monthly payments
  • No early payment penalties
  • Interest may be tax-deductible**.

*Processing fee is non-refundable. Loan applications subject to METRO’s lending guidelines. Final rate is based on credit history and loan-to-value financing. Property values are based on the lesser of the current appraised value or a Freddie Mac Home Value Explorer (HVE®) with a condition report. Independent appraisals not accepted. **Consult your tax adviser regarding tax-deductible interest.

Real Estate Loans

A Better Mortgage Starts Here.

Buying a home? Thinking about refinancing? Your mortgage is one of the biggest financial decisions you'll make. At METRO, you'll get competitive mortgage rates along with personalized service from a local lending team you already know and trust.

Mortgage Options
  • Purchase or refinance
  • Conventional mortgage financing up to 90% Loan-to-Value
  • 10, 15, 20 and 30-year terms available
  • Competitive mortgage rates
  • Personalized, local service from start to finish
See What Today's Rate Could Mean for You

Mortgage rates change regularly. Contact our lending team for today's rates and to talk through the options available to you.

Call 847-670-0456, Ext. 2
Ask for Gabby for current mortgage rates or more information. We'll be happy to provide a personalized rate quote and answer any questions you may have!

Apply Now!

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*METRO Federal Credit Union (NMLS #738073) is an Equal Housing Lender. All loans are subject to credit approval and qualifying requirements. Rates and terms are subject to change and may vary based on creditworthiness and other underwriting factors. APR = Annual Percentage Rate.