Home Equity Loan
How a Home Equity Loan Works
A Home Equity Loan allows you to use the equity in your home to consolidate debt, afford unexpected expenses, finish up home improvements and more. You'll also benefit from a fixed rate and payment giving you peace of mind.
Home Equity Loan Benefits
- Maximum loan amount is $150,000
- Borrow up to 90% of the property value1
- Maximum loan term is 15 yearsº
- Fixed rate & payment
- Fixed payment based on initial disbursement
- Funds are disbursed in one lump sum
Home Equity Rates
|Home Equity Type||Term||APR***|
|Home Equity Installmentº* |
(up to 90% property value)1
|Up to 15 years||4.620% - 6.795%|
|Home Equity Installmentº*|
(up to 80% property value)1
|Up to 15 years||3.620% - 4.919%|
|Visa Platinum Home Equity Line of Credit+||Up to 20 years||4.50% - 15.00%|
|No Equity Home Improvement Loanoo||Up to 60 months||6.99%|
1. Some housing exceptions may apply.
oPayment example: On a $35,000.00 loan with a 5 year term up to 90% property value at 4.620%APR, monthly payments would be $654.42. Closing costs range from $275.00 to $590.00.
ooMaximum loan amount is $25,000. A minimum credit score of 680 is required to obtain this loan. Offer is subject to normal credit qualifications. Payment Example: On a No Equity Home Improvement Loan with a term of 5 years at 6.99%APR, monthly payments would be $494.91.
*Actual rate based on applicant's payment and credit history. Additional appraisal fee may apply should one be needed.
+Closing costs may range from $0 - $1000.
***APR= Annual Percentage Rate.