Competitive Omaha Home Equity Loan Rates from a Trusted Lender

Work with us and get approved now for your home equity loan from an Omaha lender you can trust. Get the most competitive rates that will give you peace of mind for the future. Our experienced loan officers will help you determine which product is best for you. Find out how easily and quickly our team can get you approved today.

About our Omaha Home Equity Loans & Lines of Credit

How Home Equity Loans Work

A home equity loan is a way to draw on money using your home as collateral. Essentially, it's a second mortgage on your home that gives you a lump sum of money to use for things like home renovations, emergency expenses, and more. Because you're using your home as collateral, you're able to receive low fixed rates. This is one of the biggest advantages of our Omaha home equity loans.

Advantages of home Equity Loans

  • Lower interest rates than other common loan options
  • Fixed rates with predictable payments
  • One of the best loan options for large sums of money
  • Great for large projects that you'll complete at once (such as a bathroom renovation)

How Home Equity Line of Credit Work

A HELOC is similar to home equity loans in most ways, except you're not receiving a lump sum. Instead of getting a loan for a specific amount, you get approved for an amount you can borrow on an as-needed basis. You can pay off what you've borrowed, and then borrow again, making a HELOC a very flexible loan option.

Advantages of HELOC

  • Borrow when you need it
  • Pay off your current balance at any time and borrow again
  • Flexiblity in how the funds are used
  • Great for homes that need ongoing repairs here and there

Home Equity Line of Credit

Our Omaha Home Equity Line of Credit, or HELOC, is a line of credit using the equity in your primary residence. The rate is variable and based on Wall Street Journal Prime Rate plus a margin of 1% - 2.5%. The APR can change every January and July. The draw period is five (5) years and the maximum repayment term is ten (10) years. 

Combined Loan to Value (LTV)Line AmountAnnual Percentage Rate (APR*)
90% LTV$10,000-$100,0004.50%

Variable Rate – minimum Annual Percentage Rate (APR) is 4.50%. Maximum APR is 18.00%. The HELOC APR may vary after consummation & adjusts every January 1 and July 1. The APR is based on the Wall Street Journal Prime Rate plus a margin of 1 – 2.50%. Draw period is 5 years. Repayment period is 10 years. Appraisal will be required. Property insurance is required. Consult your tax advisor for deductibility of interest. Subject to credit approval. Other restrictions may apply. Payment example: $20,000 for 10 years at 4.50% APR, monthly payments would be approximately $207.32.

Home Equity

This product is a fixed term and a fixed rate using the equity in your primary residence.

Combined Loan to Value (LTV)TermAPR as low as*Approx Loan Payment**
80% LTV60 months3.99% APR$368.23
80% LTV120 months4.99% APR$212.04
80% LTV180 months5.49% APR$163.33
90% LTV60 months4.99% APR$377.32
90% LTV120 months5.49% APR$216.96
90% LTV180 months5.99% APR$168.69

Appraisal will be required. Property insurance is required. Consult your tax advisor for deductibility of interest. Subject to credit approval. Other restrictions may apply. Take 0.50% off the stated rates for having a Kellogg Midwest FCU (KMFCU) checking account, direct deposit and automatic loan payments from a KCU account.

*APR = Annual Percentage Rate.Other restrictions may apply. Based on credit worthiness.

** Loan payment estimates based on a $20,000 loan.

Debt Protection

Loan protection is a smart choice that will give you peace of mind. We don’t like to think about the worst … we just want you to be prepared for it.

Protect your family from the unexpected. Coverage available for death, disability, and involuntary unemployment.

TruStage Home Insurance

Call 1-888-380-9287 to receive a quote for member discounted home insurance.