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Home Equity

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Home equity is the difference between how much your home is worth and how much you owe on your mortgage. You can borrow against your home's equity to fund large projects or major expenses, such as home renovations, debt consolidation, education expenses and even travel. The choice is yours!

A home equity loan and a home equity line of credit (HELOC) are both great options to finance these types of projects.

Home Equity Line of Credit

  • Ideal for when you want access to cash over time
  • Allows you to draw on the line of credit for any amount at any time
  • $5,000 minimum loan amount
  • Maximum loan amount of up to 90% of appraised value
  • 5.99% Annual Percentage Rate for the first 12 months
  • Fee charged equal to closing fees if closed in the first two years

Apply for a Loan

Home Equity Loan

  • Perfect for paying a large one-time expense
  • Gives you a fixed-term loan with a fixed payment amount every month
  • $5,000 minimum loan amount
  • Up to 240-month term
  • Maximum loan amount of up to 100% of appraised value
  • No pre-payment fee

Apply for a Loan

2023 Home Equity Commercial

Home Equity Rates
Effective Date: Wednesday, March 22nd, 2023
Subject to change. All rates shown as Annual Percentage Rate (APR).
intentionally empty table headerHome Equity LoanHome Equity Visa Line of Credit*
Amount $5,000 minimum $5,000 minimum
Annual Percentage Rate (APR) As low as 6.49% APR 5.99% for first 12 months then Prime rate + 0% variable rate with 5.99% floor
Early Closure Fee   Fee charged equal to closing fees if closed in the first two years
*Interest rate is adjusted annually.