Home Equity Loans

Fixed-Rate Home Equity Loans

Loan amounts from $5,000 to $1,500,000
Terms up to 20 years
Borrow up to 95% of your home’s value
Fixed monthly payments
For the homeowner who needs a consistent and manageable monthly payment.

Gold Home Equity Line of Credit

Credit line from $10,000 to $1,500,000
Borrow up to 95% of your home’s value
5-year draw period
Principal and interest payments (based on a variable rate)
Minimum withdrawal amount is $1,000
Enjoy the flexibility to use and repay available funds for a longer draw period.

Platinum Fixed-Rate Home Equity Line of Credit

Unique Fixed-Rate HELOC
Gain peace of mind with fixed monthly payments
Borrow up to 95% of your home's value
3-Year Draw Period
5-Year, 10-Year, & 15-Year repayment options
Variety of line of credit amounts starting at $5,000 to $1,500,000
Payments Won’t Start Until the Line is Utilized
Fixed monthly payments will help you budget better as you spend and repay funds.

Interest-Only Home Equity Line of Credit

Credit line from $10,000 to $1,500,000
Borrow up to 95% of your home’s value
3-year draw and interest-only period
The lowest monthly payments (based on a variable rate)
Low origination fee
Minimum withdrawal amount is $1,000
Only pay interest on the funds you use during the draw period and benefit from lower monthly payments.

PRODUCT TYPE	LOAN AMOUNT RANGE	DRAW PERIOD	TERM PERIOD	% BORROWED OF HOME VALUE	MINIMUM WITHDRAWAL AMOUNT
Fixed Rate Home Equity Loans	$5,000-$1,500,000	n/a	up to 20 yrs	95%	n/a
Gold Home Equity Line of Credit	$10,000-$1,500,000	5 yr	n/a	95%	$1,000
Platinum Fixed-Rate Home Equity Line of Credit	$5,000-$1,500,000	3yr	5, 10, 15 yrs	95%	n/a
Interest-Only Home Equity Line of Credit	$10,000-$1,500,000	3yr	n/a	95%	$1,000

PRODUCT TYPE

LOAN AMOUNT RANGE

DRAW PERIOD

TERM PERIOD

% BORROWED OF HOME VALUE

MINIMUM WITHDRAWAL AMOUNT

Fixed Rate Home Equity Loans

$5,000-$1,500,000

n/a

up to 20 yrs

95%

n/a

Gold Home Equity Line of Credit

$10,000-$1,500,000

5 yr

n/a

95%

$1,000

Platinum Fixed-Rate Home Equity Line of Credit

$5,000-$1,500,000

3yr

5, 10, 15 yrs

95%

n/a

Interest-Only Home Equity Line of Credit

$10,000-$1,500,000

3yr

n/a

95%

$1,000

5 Best Ways to Use the Equity in Your Home

By: American Heritage

03.05.20

Sometimes, big plans come with a big price tag. Tapping the equity in your home can provide the funds you want, but is this always the smartest way to pay? It all depends on your goals.

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Home Improvements: DIY or Pay a Pro?

By: American Heritage

04.18.19

Most people know, or can learn, how to do some basic home improvements and repairs. But unless you work as a contractor AND have tons of spare time, you probably will not be able to tackle every project yourself. The line between which renovations you can do and which you should pay a professional to do is different for different people, but here are some general guidelines – along with information about the best way to finance your next major home improvements.

Home Renovation Costs: How to be Smart with Your Tax Refund

By: American Heritage

03.30.19

Whether you receive a large or small refund check this tax season, a check from Uncle Sam is an added bonus to the beginning of spring and new possibilities. One fun way to spend your tax refund check? Home renovations!

Home Equity Loan vs. Home Equity Line of Credit (HELOC)

By: American Heritage

03.19.19

In an effort to help our members better understand both options, our team is reviewing the differences between a home equity loan and a home equity line of credit — both of which are potential options for those wanting to borrow on their home equity.

13 Tips on How to Decorate Your House on a Budget

By: American Heritage

03.12.19

Whether you are a first time home buyer or just want to freshen up your current house, decorating a home can be exciting, inspiring, and often times, expensive. The good news is that if you plan ahead and follow some of our budget-friendly tips, you can continue to pinch your pennies and still turn your house into a Pinterest-worthy home.