Home Equity Loans & Lines of Credit
Tap into your home's equity with competitive rates starting at 6.25% APR
What is Home Equity?
Home equity is the difference between your home's current market value and the amount you still owe on your mortgage. As you pay down your mortgage and as your home appreciates in value, your equity grows.
Example:
*You can typically borrow up to 80-85% of your home equity
Benefits of Home Equity Loans
Lower Interest Rates
Home equity loans typically offer lower rates than credit cards or personal loans
Tax Benefits
Interest may be tax-deductible when used for home improvements (consult your tax advisor)
Build Credit
Responsible use and on-time payments can help improve your credit score
Flexible Use
Use funds for any purpose - renovations, debt consolidation, or major expenses
Choose Your Home Equity Solution
Compare options and find the right fit for your needs
Home Equity Loan
Fixed-rate lump sum
- Receive funds in one lump sum
- Fixed interest rate for the life of the loan
- Predictable monthly payments
- Typically 5-30 year terms
- Good for one-time expenses
Home Equity Line of Credit (HELOC)
Revolving line of credit
- Draw funds as needed up to your limit
- Variable interest rate
- Only pay interest on what you use
- Typically 10-year draw period
- Great for ongoing projects
Cash-Out Refinance
Replace your mortgage
- Refinance for more than you owe
- Receive difference as cash
- Single monthly payment
- May lower your interest rate
- Reset your loan term
Popular Uses for Home Equity
Home Improvements
Renovate your kitchen, add a room, or upgrade your home to increase its value
Debt Consolidation
Pay off high-interest credit cards and consolidate into one lower payment
Education Expenses
Fund college tuition or other educational costs for you or your family
Major Purchases
Finance a car, boat, wedding, or other significant life expenses
Qualification Requirements
Home Equity
At least 15-20%
Credit Score
620 or higher
Debt-to-Income
Below 43%
Proof of Income
Stable employment
How It Works
Check Your Equity
Use our calculator to determine how much equity you have available
Get Pre-Qualified
Complete a quick application to see what you qualify for
Choose Your Loan
Select between home equity loan, HELOC, or cash-out refinance
Close & Access Funds
Close on your loan and access your funds quickly
Ready to Access Your Home Equity?
Get pre-qualified in minutes and see how much you can borrow