Ready for your next purchase or project?

GreenState has low-rate loans to make it happen.

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Unlock the equity in your home.

A home equity loan from GreenState is a convenient, low-cost way to borrow. Choose from a flexible Home Equity Credit Line or a fixed-term Home Equity Loan. Both offer great rates, low fixed payments, and loans of up to 95% of your equity. Work with our experienced lenders and see how easily your financial goals can be achieved. Best of all, you can use your home equity funds for whatever you like.

What’s the difference between a Home Equity
Loan and a Home Equity Line of Credit?

• Fixed terms of 5, 10, or 15 years¹

• Great rates and low fixed payment 

• Borrow up to 95% of your equity

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$11.3 billion in assets

Consistently ranked top 1% for total return

*Data provided by Callahan and Associates 12/31/23

Federally insured by NCUA. Equal Housing Opportunity.

Estimate the home equity credit line that you may qualify for:

A home equity loan allows you to borrow against the value of your home. It’s a lump sum loan that’s often used to finance home improvement projects, educational expenses, debt consolidation, and more. It’s best used on purchases or projects with a set budget and timeline.

GreenState Home Equity Loans Features:

• No prepayment penalties

•  Flexibility on loan purpose

Home Equity Loan

Home Equity Line of Credit

A home equity line of credit also allows you to harness the equity you’ve built in your home. The key difference is that a line of credit can be drawn from as you go. This means you’ll only pay interest on the amount you draw, not the total equity available in your credit line. This makes it ideal for open-ended projects.

GreenState Home Equity Line of Credit (HELOC) Features:

• Fixed term of 5 years²

• Advance funds as you need them

• No prepayment penalties

•  Flexibility on loan purpose

Fixed Rate Home Equity Loans - Home Equity Loans are fixed rate loans for fixed terms (5, 10, or 15 years). For example, 60 monthly payments of $19.91 per $1,000 borrowed at 7.24% APR. The payment example does not include taxes or insurance and the actual payment obligation may be greater. Use up to 95% of your equity. Rate is based on credit history and loan-to-value (LTV). Rate above assumes a LTV of 70% or less. Closing costs are $400 in Iowa; $400 in Wisconsin; $500 in Illinois; unless full appraisal needed (appraisal estimate $495). Homeowners insurance required. No prepayment penalties. All loans are subject to approval. 

Fixed Rate Home Equity Line of Credit - Home Equity Lines of Credit are fixed rate loans for a fixed term. Use up to 95% of your equity. Rate is 7.74% APR to 9.99% APR based on credit history and loan-to-value (LTV). Rate above assumes a LTV of 70% or less. The minimum monthly payment during the draw period is 1% of the credit line’s outstanding balance, an example of a monthly payment for a $25,000 loan is $250. The minimum monthly payments will not be sufficient to repay the principal outstanding on your line of credit at the end of your loan term. At the end of your credit line’s draw period, any remaining balance will be amortized over a 10 year term and you will then make a fixed payment until the balance is paid in full. No prepayment penalties. Closing costs are $400 in Iowa; $400 in Wisconsin; $500 in Illinois; unless full appraisal needed (appraisal estimate $495). Homeowners insurance required. All loans are subject to approval.

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