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Home Equity Line of Credit (HELOC)

Have access to funds when you need them. Apply once for a home equity line of credit with Lampco, and enjoy a revolving line of credit. That means one application, one approval, and unlimited easy access to the funds you need.

We offer competitive rates on all of our home equity loan products. Plus, get the neighborly service you know and love Lampco — we're happy to help!

For information on what you should know about home equity lines of credit, click here.

View Rates

  • Competitive rates for several ongoing or seasonal needs
  • The existing equity in your home is used as collateral backing
  • Accommodating repayment terms that work uniquely for you?
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter?
  • Revolving credit — as principal is repaid, more becomes available for use
  • The interest paid might be tax deductible*?
  • Set up automatic payments to be deducted from your account monthly
  • Local decision-making and processing in Madison County?
  • Friendly, neighborly service from start to finish


HELOC up to 90% LTV 

Annual Percentage Rate* Margin

Prime Rate plus Margin 0.0%

A Home Equity Line of Credit is a convenient, useful and flexible equity loan product.
One-time application** - Your money is available as you need it without going through the application process each time.  
Open-end loan - As you pay down the balance, more of the credit line becomes available.
Variable interest rate* - Our competitive HELOC rate helps keep more money in your pocket.
Your interest may be tax deductible*

To apply, call 765.649.9226 to schedule an appointment.

*The Annual Percentage Rate for all variable rate accounts is based on the Prime Rate as published in the Wall Street Journal.

We will use the most recent index value available to us as of 1 day before the date of any annual percentage rate adjustment.

To determine the Annual Percentage Rate that will apply to your account we add a margin to the value of the index. If the rate is not already rounded we will round to the nearest .25%. The Annual Percentage Rate can change Quarterly on the first day of January, April, July and October.  The maximum Annual Percentage Rate that can apply is 15% or the maximum permitted by law, whichever is less.  Cash advance amounts are based on a pre-approved limit. Monthly payments are based on the balance after the most recent advance and does not change until you receive the next advance.

Minimum monthly payment is 1.5% of new balance, but not less then $50.00.

**Loan approval is subject to underwriting guidelines.

***Consult a tax advisor regarding the deductibility of interest.

All real estate secured loans must satisy the following: Property Insurance required, Indiana Property Only, Primary Residence Only.

There is a $300.00 appraisal fee.