Home Equity

You’ve been building the equity in your home and now it’s time to put that equity to work for you. We offer competitive home equity products, which are secured by a mortgage on your home. The proceeds may be used for home improvements, debt consolidation, college tuition, vacations – it’s entirely up to you!

Home Equity Line of Credit

The monthly adjustable interest rate is equal to the Prime rate as published in the Wall Street Journal. Then, monthly adjustable rate equal to Prime Rate thereafter. Prime Rate is currently 7% APR. Maximum rate is 15% APR. Closing costs are $205.00. Homeowners insurance on the property securing the line is required.

Home Equity Loan

The security of a fixed-rate monthly payment loan with a one-time disbursement of funds. You may borrow up to 80% of the appraised value of your property minus the outstanding balance of the 1st mortgage.