Get a Home Equity Loan at Louisiana FCU.

HOME EQUITY LOANS IN LOUISIANA

Or you can call us at (985) 652-4990.

GET THE MONEY YOU NEED. DO THE THINGS YOU WANT.

CONSOLIDATE YOUR DEBT

REMODEL YOUR HOUSE

PAY FOR A MAJOR EXPENSE

Getting a home equity loan shouldn't be hard because we make it quick and easy.

REQUEST A CALL BACK: TALK TO A TRUSTED HOME EQUITY LOAN EXPERT.

FOUR SIMPLE STEPS TO HELP YOU GET THERE.

WE PROMISE TO MAKE GETTING A HOME EQUITY LOAN QUICK AND EASY.

1. COMPARE

We'll help you compare home equity loan rates and payment terms to find the best fit for you.

2.CALCULATE

Run the numbers and calculate your monthly loan payment to see how much you could save.

3. PREPARE

We'll help you get prepared for your home equity loan to make things quick and easy for you.

4. APPLY

Just imagine how good you will feel when you get the money you need to do the things you want.

"This year we made the move to consolidate some revolving debts... We are more than pleased with every experience and with every employee we've encountered at Louisiana FCU! Always friendly and professional and we're always greeted with smiles!"

- TURNER B. MEMBER SINCE 2012

STEP 1: COMPARE HOME EQUITY RATES.

Rates effective as of 8:45 A.M. CT, February 8, 2023

Rates subject to change without notice.

5 Year Fixed Rate

AS LOW AS

7.000%

APR: 8.314%

What's the APR?

At a 7.000% interest rate, the APR for this loan type is 8.314%. The monthly payment schedule would be:

59 payments of $594.04 at an interest rate of 7.000%
1 payment of $593.81 at an interest rate of 7.000%

This payment schedule is based on a $30,000 loan in St. John Parish, LA.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

10 Year Fixed Rate

AS LOW AS

7.500%

APR: 8.213%

What's the APR?

At a 7.500% interest rate, the APR for this loan type is 8.213%. The monthly payment schedule would be:

119 payments of $356.11 at an interest rate of 7.500%
1 payment of $355.55 at an interest rate of 7.500%

This payment schedule is based on a $30,000 loan in St. John Parish, LA.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

15 Year Fixed Rate

AS LOW AS

8.000%

APR: 8.309%

What's the APR?

At a 8.000% interest rate, the APR for this loan type is 8.309%. The monthly payment schedule would be:

179 payments of $477.83 at an interest rate of 8.000%
1 payment of $477.14 at an interest rate of 8.000%

This payment schedule is based on a $50,000 loan in St. John Parish, LA.

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Which home equity loan option is best for you?

A shorter term home equity loan is recommended if you want to pay less in interest. This will help save you more money.

But if lower monthly payments are more important, a longer term home equity loan might be better for you.

Not sure which option is right for you? We'll call you back.

STEP 2: CALCULATE YOUR MONTHLY SAVINGS.

You could save thousands of dollars when you consolidate high-interest rate debt. We want to help you stop losing money. Take a few minutes to gather your credit card bills, auto loan payments, and any other debts you might have, including interest rates and terms. Then, use the debt consolidation calculator to determine how much money a home equity loan might help you save.

STEP 3: HOW TO GET PREPARED FOR YOUR HOME EQUITY LOAN.

CHECK YOUR CREDIT SCORE

Your credit score is a number between 300 to 850 and it is based upon your spending, payment, and credit history. The higher your credit score is, the easier it can be to get approved for your mortgage.

How to get prepared: We recommend you know what your credit score is before applying for your mortgage using the annual free credit report.

KNOW YOUR HOME'S ESTIMATED VALUE

We will use independent appraisers to assess the value of your house which helps us determine how much you are eligible to borrow.

How to get prepared: Click here to get a basic understanding of what your home's value might be before applying for your mortgage refinance.

REVIEW YOUR DEBT-TO-INCOME RATIO

Your debt-to-income (DTI) ratio is calculated from how much of your total monthly income (before taxes are taken out) goes towards paying off your debt. This helps us to understand what percentage of your income will go towards your home loan.

How to get prepared: Your new mortgage payment (including taxes & insurance) and all other monthly debts (credit card payments, car loan payments, student loan payments, etc.) should not exceed 41% of your gross monthly income.

STILL HAVE QUESTIONS ABOUT APPLYING FOR A HOME EQUITY LOAN?

STEP 4: APPLY FOR YOUR HOME EQUITY LOAN.

Our trusted home equity loan experts will guide you every step of the way to help you get there.

* APR = Annual Percentage Rate.