Home Equity Loans

Turn your equity into possibility.

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From home renovations to higher education, you have plenty of plans — and the financing you need is no further than your front door. Let’s put that hard-earned home equity to work for your goals.

How Will You Use Your Equity?

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Home Equity Loan Second Lien

(Real Smart)

Turn your equity into an all-at-once cash payment for any purpose — and pay it back at a simple fixed rate.

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HELOC_Papaya_100x100

Home Equity Line of
Credit

(Interest Only HELOC)

This is financing at its most flexible. Open a line of credit that’s accessible as you need it and only pay interest on what you use.

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Home Equity Loan First Lien

(Home Advantage)

Looking to refinance? Leverage your home equity to take advantage of a lower rate — and forget about closing costs.

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Home Equity Rates

Loan Type Term APR As Low As Loan To Value Ratio
Home Equity Loan Second-Lien (Real Smart) Up to 60-Months 4.69% 81-90%
Home Equity Loan First-Lien (Home Advantage) 15-Year 3.35% Up to 80%
HELOC (Interest Only) 10-Year Draw Period/15-Year Payback Period 3.25% Up to 90%

Rates effective as of November 24, 2021

Home Equity Options At A Glance

Features & Benefits Home Equity Loan Second-Lien (Real Smart) Home Equity Line of Credit (HELOC Interest Only) Home Equity Loan First-Lien (Home Advantage)
Rate:

Low Fixed Rate

Variable Rate

Fixed Rate

Payments:

Payments are fixed

Payments may vary

Payments are fixed

Terms:

up to 120 months

10-year draw and 15-year payback

36 - 180 months

Financing:

Borrow up to 90% loan to value

Borrow up to 90% loan to value

Borrow up to 80% loan to value

Closing Costs1:

No closing costs for first-time applicants

No closing costs for first-time applicants

No closing costs for first-time applicants

Tax Deductible 2:

Interest may be tax deductible

Interest may be tax deductible

Interest may be tax deductible

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Let’s Unlock Your Home’s Potential.

Get the most out of the equity you’ve built. Give us a call at888-436-1847