Home Equity
Your home’s value could be the solution for your debt consolidation, a home improvement project or to help your children as they grow. A Home Equity Loan is the perfect option to cover a one-time expense, while a Home Equity Line of Credit can provide you with an amount you can draw from for up to 15 years.
We are able to refinance all types of real estate loans you may have elsewhere, oftentimes lowering your interest rate and payments in the process. We will work with you to ensure you get the best rate.
Eligible properties include primary residences and vacation homes located in Arizona, Florida, Iowa, Minnesota and Wisconsin.
Line of Credit
If flexibility is something you're looking for, a HELOC may be the perfect option. Use it to finance almost anything, such as travel, education expenses and much more.
A HELOC is unique in that it is a revolving line of credit you can borrow against. Instead of withdrawing a set amount of funds all at once, you simply borrow as you go.
- No annual fee
- No cancellation fee
- Up to a 15 year draw period
- Borrow up to 80% of your home’s value; excluding existing loan balances
Fixed Rate Loan
Another option available is our Fixed Rate Home Equity Loan. This is the perfect option to cover a one-time expense without using a credit card or depleting savings.
- No origination fee
- Fixed interest rate
- 5, 10 or 15 year repayment options
- Borrow up to 100% of your home’s value; excluding existing loan balances
Review Your Options
We offer three types of home equity solutions, so you can be sure the product you choose will fit your financial needs. Not sure which is right for you? Review your options with our comparison chart below.
Loan Amount
Home Equity Line of Credit
Up to $250,000
Fixed Rate Home Equity
Up to $300,000
First Lien Home Equity
Up to $400,000
Value Required
Home Equity Line of Credit
Up to 80% of your home's value, less existing loan balances
Fixed Rate Home Equity
Up to 100% of your home's value, less existing loan balances
First Lien Home Equity
Up to 80% of your home's value
Features
Home Equity Line of Credit
- No annual fee
- Up to a 15 year draw period
- Take advances and make payments when needed, in person or through online and mobile banking
- No cancellation fee
Fixed Rate Home Equity
- No origination fee
- 5, 10 or 15 year repayment options
- One lump sum at a fixed interest rate
- Fixed payment of interest and principal over the life of the loan
- No prepayment penalty
First Lien Home Equity
- No origination fee
- 10 or 15 year repayment options
- One lump sum at a fixed interest rate
- May offer a lower rate and fewer closing costs than a traditional mortgage
- No prepayment penalty
Rates
Home Equity Line of Credit
Variable interest rate based on prime, currently 7.75% APR*
Fixed Rate Home Equity
Fixed rate based on term of loan, currently as low as 6.49% APR*
First Lien Home Equity
Fixed rate based on term of loan, currently as low as 6.59% APR*
Construction Loans
If you would rather build than buy, we can help! Financing is available for lot purchases and construction costs. Once your home is built, our Mortgage Officers can help secure permanent financing.
Protect Your Loan
Debt Defender is a voluntary loan payment protection product that gives you relief from unexpected financial burdens. Protected life events include disability, loss of life and involuntary unemployment.