Breadcrumb page navigation

Use Your Home’s Equity

A young couple browsing on a tablet

Use Your Home's Equity

Ready to get started?

Apply Now

Interested in the rates we offer?

View Rates

With no application fees and fast approvals, we have a variety of home equity loan options to fit your needs.

List of documents you will need.

When you’re ready, you can begin the process by applying online, or our Mortgage Loan Officers are here to help you with your application. Here’s some information we’ll need from you to start the process:

  • W-2 Forms for prior two years and most recent pay stub
    • If self-employed: last two years personal and business tax returns including all schedules
  • Pension and/or Social Security Award Letter (if applicable)
  • Copy of current mortgage statement(s)
  • Copy of Homeowner’s Insurance Declaration Page
  • Copy of current Real Estate Tax Bill
  • Fixed Home Equity Loans

    Fixed Home Equity Loans feature a fixed interest rate, fixed term, and fixed amount. Fixed equities are typically used when you need a large sum of money for a specific project, such as renovating your kitchen or replacing your roof.

    View Interest Rates

    Fixed Home Equity Product Comparison Chart

    Fixed Home Equity Loans Fixed Home Equity First Position 

    Fixed Home Equity 1st or

    2nd Position 
    Expanded Equity (Fixed)Expanded Equity Home Improvement
    Ideal for…Financing a small project or refinancing your mortgage to pay it off more quickly!Financing a project or purchase when you need to borrow a large sum of money.Financing a project or purchase when you already have a substantial mortgage balance.Financing home improvement projects that cost more than your home’s current value.
    Lien Position1st and only1st or 2nd1st or 2nd1st or 2nd
    Recommended Minimum$25,000$25,000$25,000$25,000
    Maximum Amount$250,000 $250,000$250,000 $250,000
    Up to ___% CLTV80% 80% 100% 133% “as is” value
    Terms Available10 years 10, 15 or 20 years10, 15 or 20 years 10, 15 or 20 years 

    How to Apply

    Contact a Mortgage Loan Officer in your area for more information or to find the program that’s right for you.

  • Home Equity Line of Credit (HELOC)

    A Home Equity Line of Credit (HELOC) is a revolving, variable rate loan. You apply for a credit limit, which can be accessed using LOC checks or transfers during the draw period. The draw period is the set period of time during which you may take advances from the loan. The minimum monthly payments during the draw period are interest-only and do not reduce the principal balance owed. The interest rate is a variable rate based on the Prime Rate in the Wall Street Journal. The floor rate is the lowest the interest rate can be at any time.

    HELOCs are best when you have multiple needs for cash in the future but don’t need to spend all the money at once – for example, planning several renovations over the next few years or paying tuition for several years. After the draw period, the loan goes into repayment, and no additional advances from the loan are allowed.

    View Interest Rates

    Home Equity Line of Credit Product Comparison Chart

    Home Equity Lines of CreditHome Equity Line of Credit 6 Month Home Equity Line of Credit SpecialExpanded Equity Line of Credit
    Ideal for…Financing projects or purchases over several years – or having the comfort of an emergency fund.Financing a short-term project or purchase. (Introductory low Annual Percentage Rate (APR) fixed for six (6) months.Financing several projects or purchases when you already have a substantial mortgage balance.
    Lien Position1st or 2nd1st or 2nd1st or 2nd
    Recommended Minimum$25,000$25,000 initial draw at closing required$25,000
    Maximum Amount$250,000$250,000$250,000
    Up to ___% CLTV80%80%100%
    Draw Period
    10 years5 years10 years
    Annual FeeNone$50 after 1st yearNone
    Floor Rate4.50%4.00%6.25%

    How to Apply

    Contact a Mortgage Loan Officer in your area for more information or to find the program that’s right for you.

Still have questions? Schedule a free consultation with one of our Mortgage Loan Officers.

Free Consultation