Home Equity Loans

Now's a great time to tackle that home improvement project you've been dreaming up all winter long. Whether you're planning to add a deck, remodel your kitchen or even put on a new roof, TruStone Financial can help.

We have some of the most competitive rates on both fixed-rate and variable-rate home equity loans. Plus, we'll make sure that you get the right loan so your payment fits your budget.

Apply 24/7

  • Apply 24/7: Use our quick and easy online application by clicking here.
  • Apply by Phone: To apply for this special mortgage product, use the following options when you use our automated phone line (763-544-1517 or 800-): Press 1, then 1, then 1 and finally 4.
  • Apply in Person: stop by the TruStone Financial office nearest you.

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Closing Costs

Closing costs will typically range from $216 to $518 depending on your loan amount and the location of the property. An appraisal is also required in ALL cases. The cost of an appraisal is in addition to the basic closing costs, and will typically range from $295 (metro) to $450 (non-metro)1

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Home Equity Loans Can Help

  • Consolidate Debts
  • Make Home Improvements
  • Finance College Expenses
  • The choice is yours!

Please read the following disclosures.

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Home Equity Loan Rates6,7,8

Property must be owner-occupied, located in Minnesota or Wisconsin. Minimum new loan amount is $10,000. The APR will vary depending on your loan amount.

 

5 year (fixed)8

10 year (fixed)8

15 year (fixed)8

Up to 80% loan-
to-value

5.75%

5.759% - 5.841% APR⁄ Interest rate 5.75% fixed

6.75%

6.757% - 6.802% APR⁄ Interest rate 6.75% fixed

7.00%

7.006% - 7.038% APR⁄ Interest rate 7.00% fixed

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  1. Closing costs will typically range from $216 to $518 depending on your loan amount and the location of the property. An appraisal is also required in ALL cases. The cost of an appraisal is in addition to the basic closing costs, and will typically range from $295 (metro) to $450 (non-metro).3
  2. An appraisal is required on ALL home equity loans.
  3. Applicants must have a 660 credit score or higher. Debt to income ratio must be 45% or less. * The minimum Home Equity Loan amount is $10,000. The maximum is $200,000.
  4. PAYMENT EXAMPLE: For every $1,000 borrowed at 5.75% (5.829% APR) over 5 years, the monthly payment is $19.22. Minimum loan amount $10,000.
  5. Effective 1/1/2009. All loans subject to credit approval. Rates and terms subject to change without notice. APR = Annual Percentage Rate. Eligibility: Property must be located in Minnesota or Wisconsin & owner occupied.
  6. Closing costs will typically range from $171 - $627 depending on your loan amount and the location of the property. An appraisal is also required in ALL cases. The cost of an appraisal is in addition to the basic closing costs, and will typically range from $175 (metro) to $350 (non-metro). The property must be owner-occupied, located in Minnesota or Wisconsin. The minimum new loan amount is $10,000. Based on an appraisal; up to 80% of the appraised value, minus your present mortgage balance.
  7. The minimum Home Equity Loan amount is $10,000. The maximum is $200,000.
  8. PAYMENT EXAMPLE: For every $1,000 borrowed at 5.75% (5.829% APR) over 5 years, the monthly payment is $19.22. Minimum loan amount is $10,000.