Home Equity Loans

A Home Equity Loan is a closed-end, fixed-rate loan with with terms up to 15 years. This loan option offers the ability to utilize the equity in your home for a purchase, debt consolidation, home improvement, college expenses, or even a dream vacation.

Enjoy peace of mind, because your payment will remain the same for the life of the loan.  The amount you borrow is determined by taking 80% of the appraised value of your home, less your first mortgage balance.  The interest you pay may qualify as an income tax deduction; check with your tax advisor.  

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APR and payment vary depending on loan amount, term, applicable fees, credit score, and combined loan-to-value (LTV). All loans are subject to credit application and approval, receipt of property appraisal demonstrating acceptable real estate value, and acceptable title search result.  Borrower must obtain and pay separately for Homeowners Insurance on real property securing the loan and Flood Insurance for property located in a Special Flood Hazard area.  Borrower is separately responsible for Real Estate Taxes.  Other conditions and restrictions may apply.  Consult your tax advisor about the deductibility of interest.  Programs and conditions are subject to change at any time.

Federally Insured by NCUA Equal Housing Lender

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