Home Equity Loan Special Offer: No Closing Fees!*

Lock in your low rate

Apply by Labor Day for No Closing Fees* and Excellent Rates

Leverage your home’s value to finance nearly anything

A home equity loan from Lanco Federal Credit Union can provide the funds you need for almost any purpose–like tackling home improvement projects, financing debt consolidation, paying educational expenses, and so much more. With our fixed rates, you can have peace of mind knowing that, even in times when interest rates are rising, your APR will be locked in for the term of your loan, and your payment due will remain the same each month.

No Closing Fees* for loans of $40,000+

For qualifying home equity loans, Lanco Federal Credit Union will waive all closing fees* so there’s no upfront cost to obtain your financing. This is an average cost-savings of $450 provided to you during this limited-time offer!

Fixed Home Equity Loan Rates, up to 80% LTV

It’s in our mission to provide affordable financing, so you can always count on Lanco FCU for excellent rates and terms whenever you need to borrow. Our current home equity loan rates range from 3.74%–9.24% APR, based on borrower qualifications and loan term:

Credit Score Current APR¹
Term… 3-Years 5-Years 10-Years 15-Years
750+ 3.74% 3.99% 4.49% 5.24%
700 – 749 4.74% 4.99% 5.49% 6.24%
660 – 699 5.74% 5.99% 6.49% 7.24%
620 – 659 6.74% 6.99% 7.49% 8.24%
Under 620 7.74% 7.99% 8.49% 9.24%

Apply for your loan online

Offer Qualifications

To be eligible for waived closing fees, the home equity loan must meet the following criteria:*

  • Completed application must be received by Labor Day (September 5, 2022)
  • Amount financed must be at least $40,000.00, not to exceed 80% LTV (loan to value)
  • Primary residence only, with Lanco FCU in the 2nd-Lien position (first mortgages not eligible)
  • If loan is paid off within 24 months, the closing fees will be added to the loan payoff.

See below for complete details.

Have questions? Email memberservices@lancofcu.com or call us at (717) 569‑7180 or (888) 318‑4222 to speak with a lender.

Home Equity Loan FAQs

What are the pros and cons of a home equity loan?

Do I need to be a member of Lanco Federal Credit Union to get a loan?

Can I learn more before applying?

*For qualifying home equity loans, Lanco FCU will waive all applicable closing costs when the completed application is received by September 5, 2022. If loan is paid off before 24 months after closing date, closing costs will be added to the loan payoff balance. Offer Qualifications: 2nd-lien home equity loans only with balances of $40,000 or more, not to exceed 80% Loan-to-Value. New money only. One- to four-unit owner-occupied residential properties located in Pennsylvania only. Property insurance required; flood insurance may be required. Offer may be changed or withdrawn at any time. Cannot be combined with other promotional offer or rates.

¹Advertised APRs accurate as of 8/1/2022. Rates vary based on borrower qualifications, loan term and amount. Closing costs exist and may affect APR. Rates advertised for financing up to 80% loan to value (LTV). Financing up to 90% LTV may be available for borrowers with a credit score of 700 or higher, with 2.00% added to the approved interest rate. Payment example: A fixed home equity loan of $40,000 for 10 years at 4.49% APR will require 120 monthly payments of $414.36. Fixed home equity loan rates advertised are for 2nd lien home equity loans; 1st lien home equity rates may be lower. Call Lanco FCU at (717) 569-7180 for a rate quote.

About Loan-to-Value (LTV) Ratio: To calculate your available equity, multiply your home’s value by the LTV percent, then subtract your current mortgage balance.
For example: Value of Home [ $200,000 ] x 80% LTV [ 0.80 ] = [ $160,000 ]
[ $160,000 ] – Current Mortgage Balance [ $100,000 ] = Available Equity [ $60,000 ]