Home Equity Loan & Line of Credit

Your home is an investment. Tap into your equity to make more of it.

With a Home Equity Loan or Line of Credit, you can renovate your home or build a family pool — whatever your goals may be. Use the credit in your home to borrow the amount you need at a low interest rate and start making memories today.

Product Features
Convenient Payment Options

Conveniently pay off your loan through Online or Mobile Banking, automatic payments, or your local branch.

No Annual Fee

And not just for the first year. $0 every year.

Low Rates

Whether you choose the variable rate of a HELOC or the fixed rate of a Home Equity Loan, both are set at the lowest possible market price.

Tax Deductible Interest

Depending on how you use your loan or line of credit, you may be able to deduct its interest. Consult your tax advisor for more information.

No App Fees or Closing Costs

No application fees or closing costs to our members, we've got you covered.

Borrow What You Need

HELOCs start with a minimum credit advance of $10,000 with minimum future credit advances of $500 or borrow one lump sum with a Home Equity Loan.

Flexible Term & Repayment

With a 10-year draw period followed by a 10-year repayment period, HELOCs also have a low minimum monthly payment of $15.00 for every $1,000 based on the outstanding balance at the time of your most recent advance.

Easy Access To Your Line of Credit

HELOC checks allow easy access your credit line up to the approved limit.

How Much Can I Safely Borrow Against My Home?

Empower yourself to make smart financial decisions. Use our calculators to figure how much you can afford to borrow, how much interest you will pay over the life of a loan and more.

*Equal Opportunity Lender. Loans subject to normal credit approval. All loan rates quoted as Annual Percentage Rate (APR) and are subject to change without notice. Home loans are available on primary residence only. Borrow up to 90% of tax appraisal value. Member pays for appraisal.

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Additional Questions

While we hope you find the information you need online, we want to remind you that Listerhill is more than a website. We’re your credit union, and we look forward to helping you. Call us at (256) 383-9204 or 1-800-239-6033 for friendly, local assistance. Better yet, stop by one of our branches for some personal service.

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Frequently Asked Questions

  • Which loans are eligible for Skip-A-Pay?

    Auto loans, recreational loans, and personal loans are all eligible for Skip-A-Pay. This includes boat loans, RV loans, 4-wheeler loans etc. However, home loans, Christmas loans, credit cards, and other lines of credit are not eligible.


  • When should I request Skip-A-Pay?

    In order to have your Skip-A-Pay request processed before your loan payment is due, please submit your skip request five (5) business days in advance of the scheduled payment date.

    Example: If your next loan payment is due on June 20th, you would need to submit your request no later than June 12th.

  • How do I request Skip-A-Pay?

    Click here to request Skip-A-Pay, agree to do business electronically, and fill out the online form. You must also provide payment for the $25 fee before your loan payment can be skipped. This fee can be transferred from your Listerhill checking or savings account or paid from an outside account.

  • What is Skip-A-Pay?

    Skip-a-Pay is a service by Listerhill Credit Union which allows members to request to skip a monthly payment. The payment is instead added to the end of a loan, essentially extending the life of the loan by one month. This can be a valuable tool in your financial tool belt.

  • What loans are not eligible for Skip-A-Pay?
    1. Real Estate Loans (1st and 2nd Mortgage and Home Equity Lines)
    2. Business Loans
    3. Lines of Credit (Kwik Kash, Anytime Credit, Overdraft Protection, and Credit Cards)
    4. Christmas Loans
    5. Single Pay Term Loans
    6. Loans with Less than 6 Monthly Payments
    7. Loans Currently Past Due More than 10 Days
    8. Loans that Received Maximum Extensions (six skip pays and/or extensions allowed during the term of the loan)
    9. Workout Loans or Troubled Debt Restructuring (TDR)
    10. Accounts in Bankruptcy
    11. Charged-Off Loans
    12. Loans on Accounts with a Negative Checking or Savings Balance
    13. Accounts with Bad Addresses