Life can get expensive and money shouldn’t slow you down. A Home Equity Loan provides you with the funds you needs to consolidate debt, purchase a new vehicle, continue your education, make home improvements, or pay for other large expenses.
Home Equity Loans are more commonly known as a ‘Second Mortgage.’ A Home Equity Loan uses the equity of your home to give you a large lump sum that can be paid back with fixed monthly payments over a certain period of time.
Features & Benefits of a Home Equity Loan
- Finance Up To 85% Appraised Value of Purchase Price
- 30 Year Amortization with 5 Year Balloon Payment
- In-House Financing
- Loans processed, underwritten, and serviced locally
Home Equity Loan Requirements
- Minimum Credit Score of 700
- Max Debt To Income of 40%
- 1% Origination Fee
- Other Normal Closing Costs Apply
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Loan rates and terms may vary. All loans subject to credit approval. Contact a banker for further details.