Home equity is the difference between your home’s value and what you owe—and it can be used for major expenses like renovations, debt consolidation, education, or travel.
A home equity loan and a home equity line of credit (HELOC) are both great options to finance these types of projects.
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
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
- Fee charged equal to closing fees if closed in the first two years
Home Equity Rates
Effective Date: Thursday, September 24th, 2026
Subject to change. All rates shown as Annual Percentage Rate (APR).
| Loan | Amount | Annual Percentage Rate (APR) |
|---|---|---|
| Home Equity Loan | $5,000 minimum | As low as 6.74% APR |
| Home Equity Line of Credit* | $5,000 minimum | Prime rate + 0% variable rate with 5.99% floor |
| *Interest rate is adjusted quarterly. Early closure fee charged equal to closing fees if closed in the first two years. | ||