Home equity loans with a great fixed rate

With a low rate and no closing costs, an Alliant Home Equity Loan could allow you to complete your next renovation or consolidate debt.

The Run Down
  • Borrow up to 90% of the equity of your home
  • Terms from 5-15 years46
  • No closing costs or appraisal fees
  • Quick approval process
  • Available in most states
Rates
5.75 %
APR
As Low As
180 mo. Max Term
Home Equity Loan

APR=Annual Percentage Rate56

Earn 2.10% APY on your savings!63

That's 16.7x the national bank average!71

Learn more about savings


Best Banks of 2019 - Nerdwallet

"Best Banks of 2019" - NerdWallet

Best Mortgage Lender of 2018 - The Simple Dollar

"Best Mortgage Lender of 2018" - The Simple Dollar

Most Convenient Credit Union of 2018 - MagnifyMoney

"Most Convenient Credit Union of 2018" - MagnifyMoney


What is home equity?

Home equity is the difference between your home's market value and the remaining balance on your mortgage.

If you own a home and have been making payments on your mortgage for years, then you may have built up a significant amount of equity. With a home equity loan, you could get a low rate by borrowing against the value of your home. An Alliant Home Equity Loan is great for many life events:

major home renovations icon

Finance major home renovations

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Consolidate higher-interest debts

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Pay for unexpected expenses

Get the most from your home equity loan

Enjoy flexible terms and great rates

Pick your term (60, 120 or 180 months) and get a fixed rate from 5.75% to 6.25% APR. 46

Save money on fees

You hate fees and so do we. You can maximize your loan with no closing costs, application fees or appraisal fees.

Maximize your borrowing opportunity

Alliant Home Equity Loans allow you to borrow up to 90% of your home equity. 

Get the right home equity option for you

A home equity line of credit (HELOC) or home equity loan is a great way to leverage the value of your home and ensure you have funds available for whatever you want, such as home repairs and improvements, a new car, or even a vacation home. We’re always here to help. Call an Alliant home equity expert at 800-328-1935. We’ll guide you toward the perfect loan for your unique situation.

Home equity loan

Rate
as low as 5.75% (fixed) 46
Quick Summary

Borrow up to 90% of your home equity and get a one-time payment

Max Term

60, 120 or 180 months

Consider If

You need a specific amount for an immediate need.  Example uses:

  • buying a car
  • major home renovation
Rate
as low as 4.75% (variable) 47
Quick Summary

Borrow funds as you need them, up to your line of credit amount (up to 90% of the value of your home)

Max Term

180 or 360 months

Consider If

You anticipate needing funds over time. Example uses:

  • ongoing medical expenses
  • home improvements

Home Equity Loan FAQs

Why do I need a home equity loan?

Everybody has unexpected expenses, cash shortfalls, home repairs or large purchases to make. Instead of cashing in stocks or other investments that may increase in value over time, you can use the equity in your home to open an Alliant Home Equity Line of Credit (HELOC) or home equity loan. Alliant HELOC and home equity loans have low interest rates and the flexibility of low monthly payments, too.

How do I choose between the different home equity products?

Each type of product has specific advantages. For example, the home equity line of credit (HELOC) gives you the flexibility to use the funds on an “as-needed” basis. On the other hand, the home equity loan gives you a one-time draw with a fixed rate that is especially useful for a large initial purchase. Consult with an Alliant Home Equity Specialist to find the loan that’s right for your situation.

How much equity do I need in my home to take out an Alliant Home Equity Loan or HELOC?

The amount of equity you currently have in your home will determine the Home Equity Line of Credit (HELOC) limit or Home Equity Loan value. Consult with an Alliant Home Equity specialist to determine your estimated credit limit or loan value amount.

What situations would an Alliant Interest-Only Home Equity Line of Credit be good for?

An interest-only Home Equity Line of Credit may be right for you if:

  • Your property is experiencing high value appreciation.
  • You’re self-employed or have variable income.
  • You expect your earnings to increase significantly in a few years.

Have a Question?

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