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Home Equity Loans

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We offer our members a wide variety of options on Home Equity loans. Whether you are seeking a traditional Second Mortgage or a Home Equity Line of Credit, Ball State Federal Credit Union wants to help!

To check our current interest rates, click here…

Second-Mortgage financing on your existing home:

  • Terms of 5, 10, and 15 years
  • Very competitive interest rates
  • A truly flexible plan for homeowners

Home Equity Line of Credit:

  • This is a 20 year loan, on which you can access the revolving line of credit for the first 15 years
  • Funds accessible simply by writing a special check
  • Variable interest rate
    • Indexed to the 1-year treasury index, plus 2.50%
  • Specially designed for convenience