GreenState Credit Union is a top home equity lender in Eastern Iowa.
A fixed rate line of credit allows you to establish a credit line and then advance funds as you need them. An equity loan has a fixed term. Equity loans are ideal for members that have a particular project or purchase in mind, and therefore know the exact amount they need to borrow.
You can use your home equity funds for almost whatever you like: home improvements, finance an education, consolidate high-interest debt, or take a vacation. It’s up to you!
Fixed terms of 5, 10, or 15 years 1.
Great rates and low fixed payment.
Borrow up to 100% of your equity. 4
No prepayment penalties.
Flexibility on loan purpose.
Apply Online
Fixed term of 5 years 2.
Advance funds as you need them.
Borrow up to 100% of your equity. 4
No prepayment penalties
Flexibility on loan purpose
Apply OnlineLet’s look at an example of someone who has 25 years remaining on their 30 year fixed rate loan. We’ll assume the original loan amount was $150,000 and the rate is 3.875%. What if they switched to the Freedom program?
25 years remaining on a 30 year loan of $150,000 | Switching to the Freedom-in-15 at 5.75% | Switching to the Freedom-in-10 at 5.50% | |
Remaining Balance | $135,396 | $135,396 | $135,396 |
Principal & Interest payment | $705.36 | $1,124.34 | $1,469.40 |
Interest due in remaining term | $76,210 | $66,985 | $40,932 |
Paid off in… | 25 years | 15 years | 10 years |
TOTAL SAVINGS | $9,225 | $35,278 |
GreenState is much more than a great place for your loans and deposits. We also offer insurance products through our wholly owned subsidiary, GreenState Insurance.
The professionals at GreenState Insurance will shop multiple carriers to find you the best value for your auto, home, life or business.
Request a free, no-obligation quote for the type of insurance coverage that fits your needs.