Home Equity Loans

A Home Equity Line of Credit Loan lets you pledge a part of the equity in your home in exchange for a Line of Credit from which you can repeatedly borrow over a 5 year period. Home Equity Loans are a variable rate loan.
Estimating your maximum Home Equity Line of Credit is easy:

  1. Determine the value of your home based on either a recent appraisal or on your property tax assessment.
  2. Deduct all mortgages, including Home Improvement loans and other liens.
  3. This is your “equity” in your home. The maximum Home Equity Line of Credit will be 80% of this amount.

Contact a Loan Officer for more information, application and disclosures package (including fees and costs) and current interest rate.