Why a HELOC? - Landmark Credit Union
Home Equity Line of Credit price tag image and 2 young girls walking with pinwheels photo

More money for the things that really matter.

Why a HELOC?

Go ahead, renovate that kitchen. Add a second bathroom. Turn your extra garage space into a home office. Whatever you’re looking to do, one of the best ways to put money into your home is to use the money you get out of it. With a Home Equity Line of Credit* (HELOC), you can borrow against your home’s value to fund any number of improvement projects — and at a low interest rate.

locked for 12 months
2.99
%
APR
after, rate as low as
4.75
%
APR

Why Landmark Credit Union?

At Landmark Credit Union, we live by the words “You’re worth more here.” That’s because we know that you, your family — your whole life and all the things in it — all of it has value that can’t be boiled down to simple dollars and cents. But we also know that working with the right financial institution can make the rest of it so much easier.

That’s why we offer lots of straightforward options to help with your everyday financial needs. As a not-for-profit, we return profits to our members in the form of better rates and lower fees. That way you can save more money for those things that really matter.

Frequently Asked Questions

What documents are needed to apply?

  • Personal information (such as current address, social security numbers, dates of birth for all borrowers, etc.)
  • Employment history and income information
  • Property tax bill, mortgage statements, and homeowner’s insurance declaration

How long does it take to close?

Typically, a Landmark Home Equity Line of Credit will close within 7–10 business days of submitting your application.

What are the benefits of a HELOC?

A Home Equity Line of Credit allows you the ability to draw money whenever you need, for a period of time. You only pay interest on the amount you borrow. You may borrow money, then pay off the money you borrowed and then borrow again against the line of credit. You can access your Landmark Home Equity Line of Credit in the following ways:

  • By check - Landmark provides free Home Equity checks to members
  • Through Online Banking transfer
  • By phone at (262) 796-4500
  • Stop in at any of our branch locations

How much can I borrow?

Generally a Home Equity Line of Credit can be taken out for as much as 80% of your home’s value, minus the remaining balance on your mortgage plus any existing home equity loans or lines of credit.

For example, if your home is worth $120,000 and you owe $27,000 on your mortgage and also already have an existing home equity loan for $16,000, then you could qualify for $53,000.

$120,000 x 0.8 - ($27,000 + $16,000) = $53,000*

* Please note this is only an estimate. If you need more than 80% loan-to-value, we may still be able to help. Please contact us to discuss your particular situation.

*Rates and terms subject to change. A fee of $85 to $355 may be required. Different rates and terms available. * 2.99% APR available on loans for owner-occupied primary residences with loans up to 80% Loan-to-Value (LTV) and credit scores of 680 or higher. Rate is variable. Additional rates and terms are available. Rate is locked for 12 months, then set at Prime (recently 5.25%) minus 0.50 percentage points, or 3.99% APR, whichever is higher. Rate is subject to change after 12 months from closing date, and thereafter on the first business day following any change in the Prime Rate as published in the Wall Street Journal. Interest only payments are available for the first 10 years; outstanding balance will then amortize based on the variable rate to be repaid in monthly payments over 180 months. Maximum rate 20%. Minimum credit line is $5,000. Early termination fee applies. Homeowners insurance required. **All fees collected are refunded at closing for closed, less than or equal to 80% LTV, owner-occupied primary residence Home Equity Line of Credit loans with a limit of $10,000 to $200,000 when the home is not listed for sale. Existing Landmark HELOCs may be modified for a $350 fee.

Locations

Beaver Dam
106 E. Main Street
Beaver Dam, WI 53916
920-887-7783
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-5
    8:30-5:30
  5. Friday
    9-5:30
    8-6
  6. Saturday
    8:30-12
    8:30-12
Brookfield
13600 W. Greenfield Avenue
Brookfield, WI 53005
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-5
    8:30-5:30
  5. Friday
    9-6
    8:30-6
  6. Saturday
    9-12
    8:30-12:30
Burlington
973 Milwaukee Avenue
Burlington, WI 53105
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-5
    8:30-5:30
  5. Friday
    9-6
    8:30-6
  6. Saturday
    8:30-12:30
    8:30-12:30
Cudahy
4801 S. Packard Avenue
Cudahy, WI 53110
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8-6
  2. Tuesday
    9-5
    8-6
  3. Wednesday
    9-5
    8-6
  4. Thursday
    9-5
    8-6
  5. Friday
    9-5:30
    8-6
  6. Saturday
    9-1
    8-1
Fall River
140 McCrae Road
Fall River, WI 53932
920-887-7783
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    9-5
  2. Tuesday
    9-5
    9-5
  3. Wednesday
    9-5
    9-5
  4. Thursday
    9-5
    9-5
  5. Friday
    9-5
    9-5
  6. Saturday
    N/A
    9-12
Franklin (Inside Pick ‘n Save)
7780 S. Lovers Lane Road
Franklin, WI 53132
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-7
    N/A
  2. Tuesday
    9-7
    N/A
  3. Wednesday
    9-7
    N/A
  4. Thursday
    9-7
    N/A
  5. Friday
    9-7
    N/A
  6. Saturday
    10-4
    N/A
  7. Sunday
    11-4
    N/A
Germantown / Menomonee Falls
N96W17480 County Line Road
Germantown, WI 53022
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-7
    8:30-7
  5. Friday
    9-7
    8:30-7
  6. Saturday
    9-1
    9-1
Grafton
2190 Wisconsin Avenue
Grafton, WI 53024
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8-5
  2. Tuesday
    9-5
    8-5
  3. Wednesday
    9-5
    8-5
  4. Thursday
    9-6
    8-6
  5. Friday
    9-6
    8-6
  6. Saturday
    9-12
    8-12
Hartford
1400 Schauer Drive
Hartford, WI 53027
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8-6
  2. Tuesday
    9-5
    8-6
  3. Wednesday
    9-5
    8-6
  4. Thursday
    9-5
    8-6
  5. Friday
    9-6
    8-6
  6. Saturday
    8:30-12:30
    8:30-12:30
Hartland
801 Cardinal Lane
Hartland, WI 53029
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-6
    8:30-6
  5. Friday
    9-7
    8:30-7
  6. Saturday
    9-1
    9-1
Hubertus
3098 Reflections Drive
Hubertus, WI 53033
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5
  2. Tuesday
    9-5
    8:30-5
  3. Wednesday
    9-5
    8:30-5
  4. Thursday
    9-5
    8:30-5
  5. Friday
    9-6
    8:30-6
  6. Saturday
    8:30-11
    8:30-11
Juneau (Main St)
146 South Main Street
Juneau, WI 53039
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5
  2. Tuesday
    9-5
    8:30-5
  3. Wednesday
    9-5
    8:30-5
  4. Thursday
    9-5
    8:30-5
  5. Friday
    9-6
    8:30-6
  6. Saturday
    N/A
    8-11
Madison
1101 Spring Street
Madison, WI 53715
608-251-0621
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    7:30-4:30
    N/A
  2. Tuesday
    7:30-4:30
    N/A
  3. Wednesday
    7:30-4:30
    N/A
  4. Thursday
    7:30-4:30
    N/A
  5. Friday
    7:30-4:30
    N/A
Mayville (inside BP gas station)
1400 Horicon St
Mayville, WI 53050
920-887-7783
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    9-5
  2. Tuesday
    9-5
    9-5
  3. Wednesday
    9-5
    9-5
  4. Thursday
    9-5
    9-5
  5. Friday
    9-5
    9-5
  6. Saturday
    9-12
    9-12
Milwaukee South
4000 S. 27th Street
Milwaukee, WI 53221
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-6
    8:30-6
  5. Friday
    9-7
    8:30-7
  6. Saturday
    9-1
    9-1
Milwaukee Bay View
2797 S. Kinnickinnic Ave
Milwaukee, WI 53207
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    N/A
  2. Tuesday
    9-5
    N/A
  3. Wednesday
    9-5
    N/A
  4. Thursday
    9-5
    N/A
  5. Friday
    9-6
    N/A
  6. Saturday
    9-1
    N/A
West Milwaukee
4501 W. National Avenue
West Milwaukee, WI 53214
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-7
    8:30-7
  5. Friday
    9-7
    8:30-7
  6. Saturday
    9-1
    9-1
New Berlin
2775 S. Moorland Road
New Berlin, WI 53151
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-7
    8:30-7
  5. Friday
    9-7
    8:30-7
  6. Saturday
    8:30-12:30
    8:30-12:30
Oak Creek
8129 S. Howell Avenue
Oak Creek, WI 53154
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-6
    8:30-6
  5. Friday
    9-6
    8:30-6
  6. Saturday
    9-1
    9-1
Oconomowoc
955 Lexington Drive
Oconomowoc, WI 53066
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    7:30-6
  2. Tuesday
    9-5
    7:30-6
  3. Wednesday
    9-5
    7:30-6
  4. Thursday
    9-7
    7:30-7
  5. Friday
    9-7
    7:30-7
  6. Saturday
    8:30-12:30
    8:30-12:30
Racine Rapids Drive
3413 Rapids Drive
Racine, WI 53404
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-5
    8:30-5:30
  5. Friday
    9-6
    8:30-6
  6. Saturday
    9-12
    8:30-12
Racine Grove Avenue
1931 Grove Avenue
Racine, WI 53405
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8-5:30
  2. Tuesday
    9-5
    8-5:30
  3. Wednesday
    9-5
    8-5:30
  4. Thursday
    9-5
    8-5:30
  5. Friday
    9-6
    8-6
  6. Saturday
    8:30-12
    8-12
Racine Washington Avenue
6219 Washington Avenue
Racine, WI 53406
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8-5:30
  2. Tuesday
    9-5
    8-5:30
  3. Wednesday
    9-5
    8-5:30
  4. Thursday
    9-5
    8-5:30
  5. Friday
    9-6
    7:30-6
  6. Saturday
    9-12
    8-1
Sussex
N64 W22694 Main Street
Sussex, WI 53089
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-6
    8:30-6
  5. Friday
    9-6
    8:30-7
  6. Saturday
    9-1
    9-1
Watertown (inside Wal-Mart)
1901 Market Way
Watertown, WI 53094
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-7
    N/A
  2. Tuesday
    9-7
    N/A
  3. Wednesday
    9-7
    N/A
  4. Thursday
    9-7
    N/A
  5. Friday
    9-7
    N/A
  6. Saturday
    10-4
    N/A
  7. Sunday
    11-4
    N/A
Waukesha
2400 N. Grandview Blvd.
Waukesha, WI 53188
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-7
    8:30-7
  5. Friday
    9-7
    8-7
  6. Saturday
    8:30-12:30
    8:30-12:30
Wauwatosa
3600 N. 124th Street
Wauwatosa, WI 53222
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-6
    7-6
  5. Friday
    9-7
    7-7
  6. Saturday
    9-1
    9-1
West Allis
9515 W. National Avenue
West Allis, WI 53227
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-5
    8:30-5:30
  2. Tuesday
    9-5
    8:30-5:30
  3. Wednesday
    9-5
    8:30-5:30
  4. Thursday
    9-7
    8:30-7
  5. Friday
    9-7
    8:30-7
  6. Saturday
    8:30-12:30
    8:30-12:30
West Bend (inside Pick ‘n Save #1)
1629 S. Main Street
West Bend, WI 53095
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-7
    N/A
  2. Tuesday
    9-7
    N/A
  3. Wednesday
    9-7
    N/A
  4. Thursday
    9-7
    N/A
  5. Friday
    10-4
    N/A
  6. Saturday
    11-4
    N/A
West Bend (inside Pick ‘n Save #2)
2518 W. Washington Street
West Bend, WI 53095
Get Directions
Location Hours (Lobby Drive-Up )
  1. Monday
    9-7
    N/A
  2. Tuesday
    9-7
    N/A
  3. Wednesday
    9-7
    N/A
  4. Thursday
    9-7
    N/A
  5. Friday
    10-4
    N/A
  6. Saturday
    11-4
    N/A