IMPORTANT: All lobbies will be open by appointment only. Drive-ups will be open regular business hours, and we encourage you to use online banking and our website whenever possible.  Please call to schedule an appointment.  LEARN MORE

Home Equity

If you own a home and are looking to borrow money, consider the benefits of a home equity loan or line of credit.

 Home Equity loans and lines can be used to pay for a variety of things including home renovations, consolidating debt, college tuition, major purchases and more. 

 Consider the benefits.

A Home Equity loan or line of credit gives you cash that you can use any way you wish. You can:

  • Borrow up to 89.9% of the fair market value of your home.
  • Interest rates are typically lower than credit cards and other loans.
  • The interest paid may be tax-deductible; consult a tax professional to assess your situation

 Understand the risks. 

Since a Home Equity loan uses your home as collateral, you also need to consider potential risks:

  • You can lose your home for missing payments.
  • The maximum amount borrowed is a portion of your home's value which is determined by the market so if the market takes a down turn you can owe more than your house is worth.

Take the next step.

To find out if a Home Equity loan or line of credit is right for your situation, contact one of our loan officers.