You’ve been building the equity in your home and now it’s time to put that equity to work for you.
Your equity is calculated by subtracting the what’s owed on your mortgage from your home’s appraisal value. A home equity loan lets you use your equity as collateral to fund home improvements, consolidate debt, cover college tuition, pay for a vacation, and more!
Start your online home equity loan application by selecting an option below and then creating an account, or return to the Borrower Portal to complete an application you’ve already begun. If you need help, our experienced lenders are here for you.
Home Equity Line of Credit (HELOC)
A HELOC is a revolving form of credit with a monthly adjustable interest rate, similar to a credit card. It allows you to borrow and repay funds on an as-needed basis during a specified period of time. After that, you pay back the amount you borrowed in installments. Your home is the collateral for the line of credit. HELOC rates are equal to the prime rate as published in the Wall Street Journal. The prime rate is currently 7.50% APR. The maximum rate is 15% APR. Closing costs are $205.00. Homeowners insurance on the property securing the line is required.
Home Equity Loan
You may borrow up to 80% of the appraised value of your property minus the outstanding balance of the 1st mortgage. This loan allows you to take advantage of a fixed-rate monthly payment loan granted to you as a lump-sum.
