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The power of your home.

Use the value you’ve built in your home to take control of your financial future. Or improve your house. For a limited time: Get a 0.5% APR discount on your fixed home equity loan when you have a direct deposit to your Lake Trust account.1

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HOME EQUITY LOANS

Harness the value in your home.

HOME EQUITY LOANS

Harness the value in your home.

When you own your home, you may be able to use your home equity to finance other financial goals.

Home equity loans are a great option to help you:
    • Get relief from high-interest debt
    • Consolidate your debt payments into one payment

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Save 0.50% APR on your fixed home equity loan with a Lake Trust membership and a direct deposit to your account.1

Get Started

Get more information.

Connect with our team to learn more about home equity loans or to start the process.

Your home's equity.

Equity is the difference between the appraised value of your home and what you still owe on your mortgage. While you’ve been paying your mortgage, you’ve also been building up your home’s equity. This value is considered during the approval process for your loan. Contact us if you need help figuring out your home’s equity. Then learn more about how a home equity loan can help you reach your goals.

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Get relief from high-interest debt.

You’ve built value in your home. With a home equity loan, that value can provide more for you than a roof over your head. It can provide relief from high-interest debts. And help lift you toward your financial goals.

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Make it your dream home.

Whether it’s adding more space. Or renovating your space. Use the value you’ve already built in your home to create the updates of your dreams with a home equity loan.

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Make another large purchase.

Whether you’re helping your child cover college expenses or you need funds to pay for your wedding day, a home equity loan can help you cover large life expenses.

Your home equity loan options.

There are two home equity loan options. One is a fixed home equity loan, and one is a home equity line of credit. Allowing you to choose the option that works best for your goals.

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Fixed home equity loan.

For a limited time: Get a 0.5% APR discount on your fixed home equity loan when you have a direct deposit to your Lake Trust account.1

This loan option allows you to access all your financing at once. A great option if you know how much you plan to spend on your project or purchase. Then you’ll make the same monthly payment over time. It’s predictable and consistent.

APPLY NOW

HELOC

 

Home equity line of credit (HELOC).

This loan option offers a revolving credit line secured against your home, so your payments could change based on how much you’re using. Allowing you to pull funds as you need them. This is a good option if you need to pay for supplies or pay contractors at different times during a project. It’s flexible and adaptable.

APPLY NOW

FINANCIAL WELLBEING LIBRARY

Empower your financial future.

You have the power to take control of your finances. Reach your goals. And dream bigger. Find resources and articles here to help you on your journey.

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Fixed Home Equity Loan
AS LOW AS [rate:he_1st_as_low_as] APR2

Access all your financing at once. Pay a fixed amount over a fixed period.
INTEREST
As low as [rate:he_1st_as_low_as] APR2
MINIMUM LOAN AMOUNT
$10,000
APPLY NOW
MORE DETAILS

Predictable monthly payments over a specific term

Refinance your existing debt, make home improvements, or use for other needs

Primary residence: Both first and second mortgages available

Non-primary residence: Only first mortgage loans available

No application or origination fee

10-, 15-, or 20-year terms

One lump sum access to funds

Escrow available for taxes and insurance

No pre-payment penalty

Consult a tax advisor about potential deductibility of interest

Home Equity Line of Credit (HELOC)
APR2 As low as [rate:heloc_rate], VARIABLE BASED ON PRIME 3

Pull funds as you need them. Payment and length of payment depends on use.
INTEREST
As low as [rate:heloc_rate] APR2, Variable based on prime3
MINIMUM LOAN AMOUNT
$10,000
APPLY NOW
MORE DETAILS

Access your money when you need it

Funds become available again when you pay down the balance

No application or origination fee

Primary residence only

5-year draw period (may be renewed upon re-evaluation)

Monthly payment: Only 2% of the outstanding principal balance ($100 minimum)

No pre-payment penalty

Consult a tax advisor about potential deductibility of interest

Frequently asked questions

Learn more about the home equity process and find resources to assist on your home loan journey. If you need help, remember you can always contact us.

Who is eligible for the 0.50% APR discount promotion?

Individuals who apply for a fixed home equity loan with Lake Trust and establish a Lake Trust membership are eligible to receive 0.25% APR off their loan.1 You can receive an additional 0.25% APR loan discount with a direct deposit to your Lake Trust account.1 So, you can potentially receive a total discount of 0.50% APR. Application must be submitted by September 30, 2026. 

Loan discount ONLY applies to fixed home equity loans. Home equity line of credit (HELOC) is not eligible for the promotion.

What qualifies as a direct deposit to meet the requirement for the promotion?

You must have a recurring direct deposit into your Lake Trust account per month to qualify for the 0.50% APR rate discount.1 Direct deposit includes paycheck, pension, or government benefits (like Social Security) via ACH. Person-to-Person payments (like Zelle®) are not considered a direct deposit for the purposes of this promotion.

Do I have to be a Lake Trust member before applying for a home equity loan?

If you’re not a Lake Trust member yet, that’s okay! You can still apply for your home equity loan. Before you close your loan, you’ll be required to open a Lake Trust membership and deposit $5 into a Membership Savings account. Your membership at Lake Trust gives you access to products, services, and support to enhance your financial wellbeing.

Where can I find current home loan rates?

Visit our current rates page to see the most up-to-date rates on all Lake Trust lending and deposit products.

Where can I find more information about home loans?

Check out the “Home” topic on our Financial Wellbeing Library to find articles and information about how a home equity loan can help you tackle a renovation, buying a home, or how to decide if it’s the right time to refinance your home.

Find more support on your path to home.

Tackle a renovation with a home equity loan.

Learn more about how a home equity loan can help you tackle your next project.

Learn More

Personalized home insurance.

Customize your coverage based on your budget and needs.

Learn More

1 0.50% APR discount offer is available on new fixed-rate home equity loans only and is not available for home equity lines of credit (HELOCs), refinances of existing Lake Trust loans, or other loan products. Borrower must establish meet all membership, credit, and underwriting requirements. A 0.25% APR discount is applied for establishing membership and an additional 0.25% APR discount is applied when a qualifying recurring direct deposit is established to a Lake Trust account at or after closing within the required timeframe. Qualifying direct deposit must be an active and recurring electronic deposit of income (such as payroll, pension, or government benefits) via ACH; transfers such as person-to-person payments do not qualify. Offer subject to change or discontinuation at any time without notice. Application must be submitted by September 30, 2026. Other restrictions may apply. Your home is used as collateral and failure to repay the loan could result in loss of your home.

 

2 APR=Annual Percentage Rate. Rates based on credit history, term, security, and amount borrowed. Rates effective [rate:he_effective_date] and subject to change.

 

3 The HELOC annual percentage rate (APR) can change quarterly based on the value of an index. The maximum APR that can apply during the plan is 18% and the minimum APR that can apply during the plan is 4%.

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