No-Fee Home Equity Loan Special!*

Home Equity Loans $40,000 or more, pay no closing fees* when you apply by Labor Day! Plus, 10-year fixed rates are as low as 5.99% APR.*

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

This promotional offer ended 9/4/2023.

A home equity loan from Lanco Federal Credit Union can be a great way to access funds you need for nearly any purpose. Click here to learn more about Lanco FCU’s home equity loan offerings.

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?

*Advertised APR accurate as of 8/21/23 for borrowers with 750+ credit score. Rates vary based on borrower qualifications and loan term. Payment example: A loan of $40,000 at 5.99% APR will require 120 monthly payments of $443.88. Closing costs will be waived for applications received 7/1–9/4/23 that meet 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. If loan is paid off within 24 months, closing costs will be added to payoff balance. Offer may be changed or withdrawn at any time.

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 ]