Home Equity Loans
Access your home's equity with a fixed-rate loan. Get a lump sum with predictable monthly payments and competitive interest rates.
Why Choose a Home Equity Loan?
Get the funds you need with predictable payments and competitive fixed rates.
Fixed Interest Rate
Enjoy predictable monthly payments with a fixed interest rate for the life of the loan.
Lump Sum Payment
Receive all funds at closing, perfect for large one-time expenses like renovations.
Tax Benefits
Interest may be tax-deductible when used for home improvements. Consult your tax advisor.
Home Equity Loan Features
- Borrow up to 80% of your home's value minus your current mortgage balance
- Fixed interest rate for the entire loan term
- Loan terms from 5 to 30 years to fit your budget
- No prepayment penalties - pay off early without fees
- Competitive fixed rates typically lower than credit cards
Perfect For
- • Major home renovations
- • Debt consolidation
- • College tuition
- • Large purchases
- • Investment opportunities
Key Advantages
- • Predictable payments
- • One-time funding
- • Fixed interest rate
- • Fast approval
- • Simple application
Home Equity Loan vs. HELOC
Understanding the difference between these two popular equity access options.
Home Equity Loan
- Fixed interest rate
- Lump sum at closing
- Predictable monthly payments
- Best for one-time expenses
HELOC
- Variable interest rate
- Revolving credit line
- Interest-only payment option
- Best for ongoing expenses
Ready to Access Your Home's Equity?
Get pre-approved for a home equity loan with fixed rates and predictable payments.