Home Equity

p Refinance Apply Today
  • Rates as low as 4.250% APR
  • No closing costs, annual fee, or prepayment penalties
  • May be tax deductible*
  • $10,000 minimum revolving credit line
  • Interest-only home equity program also available

Are home renovations in your plans? Or perhaps you’d like to go on vacation or consolidate debt. Whatever your plans, now is a great time to make it happen. Apply online or contact us at (812) 469-9928 or 1-800-800-9271 today to get started.

Apply for a home equity line of credit today! Apply Today
What information will ETFCU need to process my application?
  • Prior two years addresses and dates of residence.
  • Social Security number or tax ID.
  • Driver’s license or state issued identification card.
  • Prior two years employment information including employer contact and dates of employment.
  • Most recent W2 and pay stub for all income sources.
  • Two years federal tax returns, including tax applicable schedules if you are self-employed, have rental income, farm income or additional non-W2 reported income.
  • Alimony, child support or separate maintenance documentation if you wish to have it considered as basis for repaying this obligation.
  • Additional information may be required such as Divorce decree (if applicable) and/or proof of extra income such as rental income, dividends, Social Security, retirement, disability, pension, or welfare (supporting documentation is required).
  • Balance owed on all liens attached to the property including all mortgages as well as any home equity loans or lines of credit.
  • Most recent mortgage statement (if applicable).
  • Most recent property tax bill.
  • Most recent hazard insurance declaration page.
  • Most recent flood insurance declaration page (if applicable).

Fixed rate home equity loans up to 80% LTV and 95% LTV are also available. Subject to credit approval. Collateral restrictions may apply. Adequate property insurance is required for all home equity lines of credit. The rate on 80% home equity loans is the prime rate as published on the first business day of each month in the Wall Street Journal. Our 95% home equity loan has the same benefits and uses the same index as our traditional home equity loan and offers a low rate of just 1.5% above the prime rate. There is a maximum cap of 185% APR. Payments are affordable at just $20 per $1,000 outstanding rounded up to the nearest $20. Other fixed- and adjustable-rate second mortgages are offered with terms up to 15 years. *Consult your tax advisor regarding interest deductibility.