Home Equity Line of Credit
Apply 24/7
- Apply 24/7: Use our quick and easy online application by clicking here.
- Apply by Phone: To apply for this special mortgage product, use the following options when you use our automated phone line (763-544-1517 or 800-): Press 1, then 1, then 1 and finally 4.
- Apply in Person: stop by the TruStone Financial office nearest you.
Features
- Low, variable interest rates
- Click here to see additional HELOC disclosures
- Convenient access to advances
- Closing Costs1
Use Your Home Equity Line of Credit
- Education expenses
- Debt consolidation
- Home improvements
- A new car or boat
- Vacations
- Taxes
- Medical expenses
- Investments
Loan Values and Amounts
The amount of your home equity line of credit will be based on up to 80% of your appraised market value2 minus your present mortgage balance.
- Minimum loan amount is $10,000.
- Maximum loan amount is $200,000.
Please read the following disclosures.
Home Equity Line of Credit Loan Rates
HomeLine Equity Line of Credit1,3 |
4.25% variable (4.255% - 4.319% APR4 / Interest rate 4.25% variable ): up to 80% loan-to-value2 |
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- Closing costs will typically range from $216 to $518 depending on your loan amount and the location of the property. An appraisal is also required in ALL cases. The cost of an appraisal is in addition to the basic closing costs, and will typically range from $295 (metro) to $450 (non-metro).4 An appraisal is required on ALL home equity loans.
- The minimum Home Equity Loan amount is $10,000. The maximum is $200,000.
- The minimum HomeLine (Line of Credit) amount is $10,000, and the maximum HomeLine amount is $200,000. However, you do not need to advance the HomeLine funds until you need them. The refinance your existing TruStone Financial HomeLine, you must increase your credit limit and balance by $10,000. Maximum interest rate is 18% (18.050% APR) for all variable rate home equity lines of credit. Eligibility: Property must be located in Minnesota or Wisconsin.
- APR = Annual Percentage Rate. The APR will vary depending on the loan amount.
We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.