Home Equity Loans
Which home equity option is right for you?
First, decide whether you want a loan or a line of credit. Then, decide which home equity option best suits your needs.
Home Equity Loan Options
Refinance your existing mortgage with no closing costs. Choose from fixed or variable rates with terms up to 10 or 15 years
Borrow up to 80 percent of your home's value. Choose from fixed rate, up to 10-year term, or variable rates, up to 15-year term.
Borrow up to 100 percent of your home's value with a loan of up to $25,000. Choose from fixed rate, up to 10-year term, or variable rates, up to 15-year term.
Home Equity Line of Credit Options
A home equity line of credit and more: benefits include a Visa Platinum card with an incredibly low interest rate, 40 home equity checks, and electronic access to your account.
Open a line of credit with access to up to 80% of your home's value. Benefits include a low variable rate and No closing costs.
Access up to 100 percent of your home's value with a line of credit up to $25,000. Benefits include a low variable rate, and closing costs are not assessed unless an appraisal is requested.
When you apply for a Home Equity Loan or Line of Credit, the following documents may help expedite the approval process:
- Income verification
- Two years of tax returns (if self-employed)
- First mortgage statement
- This year's property tax notice or current appraisal
- Homeowner's insurance statement
- Trust papers, if applicable
