Home Equity Loans
Unlock Your Home’s Value
Home Equity Loan1 Types
Your home’s equity is the current market value of your home minus what you still owe on your mortgage.
Home Equity Loan (Second Mortgage)
- Fixed-rate loan with a lump-sum payout
- Predictable monthly payments
- Best choice if you know exactly how much you need and want payment stability
- Ideal for large, one-time expenses such as renovations or big life expenses (medical bills, tuition)
Home Equity Line-of-Credit (HELOC)
- Flexible, variable-rate revolving line of credit
- Access funds with a HELOC debit card
- Borrow what you need, when you need it (up to your limit)
- Only pay interest on what you use
- Great for ongoing or uncertain costs (ongoing remodeling, variable expenses)
Meet Your Loan Officer
Thinking about using your home’s equity? Our knowledgeable and local Loan Officers are here to help you unlock your home’s value. We provide one-on-one guidance to help you choose what fits your goals and budget.
From application to closing, you’ll have a local expert by your side. We take the time to understand your financial status and answer all your questions.
We’re more than Loan Officers. We’re your neighbors, committed to helping you make confident decisions about your home and your future.
What You Need to Apply
To make the application process smoother, be sure to gather the necessary documents and information first.
- Two forms of ID (including photo ID)
- Two-year work history
- Recent pay stubs and tax returns
- Bank statements
- Homeowner’s insurance info
- Current mortgage statement
- Property legal description
- Sales contract (if applicable)
- Other income documentation (if applicable)
Home Equity Loans FAQs
Can’t find your question about home equity loans? Contact us
Home equity is the portion of your home that you own outright. It’s calculated by subtracting the amount you still owe on your mortgage from your home’s current market value.
Your Home Value – Your Mortgage Balance = Your Home Equity!
Some common uses for a home equity loan are home renovations, debt consolidation, college tuition, emergency expenses, and investment opportunities.
Yes! You may use your home equity loan to consolidate high-interest debt into a single, potentially lower-rate monthly payment.
You become a Member when you get a home equity loan with us! Apply for a home equity loan here.
Yes. Your credit score impacts your ability to get a home equity loan. A higher score often means better rates, which saves you money over time.
A home equity loan gives you a one-time lump sum with fixed payments. A HELOC is a revolving line of credit you can draw from as needed.