Home Equity Loan

Fixed-rate, lump sum

5.25% APR*
  • Fixed interest rate - predictable payments
  • Receive funds in one lump sum
  • Borrow up to 85% of home value
  • Terms from 5 to 15 years
  • Interest may be tax-deductible**
  • No closing costs on amounts over $25,000
Apply for Home Equity Loan

HELOC

Line of credit, variable rate

4.75% APR*
  • Variable interest rate
  • Borrow as needed up to your limit
  • 10-year draw period, 20-year repayment
  • Pay interest only during draw period
  • Reusable credit line
  • Great for ongoing projects
Apply for HELOC

Compare Your Options

Feature Home Equity Loan HELOC
Interest Rate Fixed (5.25% APR) Variable (4.75% APR)
Disbursement Lump sum Draw as needed
Payment Amount Fixed monthly payment Varies based on balance
Best For One-time expenses Ongoing projects
Term 5-15 years 10-year draw + 20-year repay
Tax Benefits** May be deductible May be deductible

Popular Uses for Home Equity

🏠

Home Renovations

💳

Debt Consolidation

🎓

Education Expenses

🏥

Medical Bills

🚗

Vehicle Purchase

💍

Wedding Costs

💼

Business Investment

🌴

Dream Vacation

Calculate Your Available Equity

Available Equity

$90,000

Total Home Equity: $150,000

Maximum Loan Amount: $90,000

*Based on 85% loan-to-value ratio