Refinance · Home Equity Loan
Home Equity Loan: Access Your Equity With a Fixed Rate
A home equity loan gives you a lump sum at a fixed interest rate — predictable payments, no surprises, backed by the equity you've built.
Overview
What Is a Home Equity Loan?
A home equity loan lets you borrow against your home's equity in one lump sum, repaid at a fixed rate over a set term. Unlike a HELOC, your rate and payment never change — making it ideal for borrowers who want certainty and a defined payoff timeline.
Fixed Rate & Payment
Rate locked at closing — no variable rate risk.
Lump Sum Funding
Receive the full amount upfront, ideal for defined expenses.
Flexible Terms
Choose a repayment term that fits your budget.
Close in as Little as 7 Days
Our streamlined process gets you to funding fast.
Eligibility
Is a Home Equity Loan Right for You?
A home equity loan works best when you have a clear purpose and want a predictable payoff. Here's some of what we look at:
When It Makes Sense
- You Have a Defined Expense Home improvements, debt consolidation, tuition — a fixed amount for a fixed purpose
- You Want Rate Certainty Fixed rate means your payment never changes
- You Have Meaningful Equity Typically need at least 20% equity remaining after the loan
- You Prefer a Set Payoff Date Unlike a HELOC, a home equity loan has a clear end date
Property & Qualification
- Primary or Second Home Home equity loans available on owner-occupied properties
- Sufficient Equity Combined loan-to-value typically capped at 80%
- Strong Credit Profile Credit score and income documentation required
- Property Appraisal Confirms current value supports the loan amount
Loan Details
The Numbers at a Glance
Home equity loan terms vary based on your equity, credit profile, and loan amount. A loan officer can help you compare a home equity loan vs. a HELOC or cash-out refinance to find the right fit for your situation.
FAQ
Common Questions
What's the Difference Between a Home Equity Loan and a HELOC?
A home equity loan gives you the full amount upfront as a lump sum at a fixed rate, with predictable payments and a set payoff date. A HELOC is a revolving line of credit you draw from as needed, usually at a variable rate. A home equity loan is best when you know exactly how much you need; a HELOC suits ongoing or uncertain expenses.
How Much Can I Borrow?
It depends on your available equity, credit profile, and income. Most home equity loans cap your combined loan-to-value (your existing mortgage plus the new loan) at around 80% of the home's appraised value. A loan officer can run your numbers and give you a specific figure.
How Fast Can I Close?
Our streamlined process can take qualified borrowers to funding in as little as 7 days. Timing depends on the appraisal and how quickly documentation comes together, and your loan officer will keep you posted every step of the way.
Get Started
See What Your Home Equity Can Do
Tell us a little about yourself and a loan officer will reach out — usually the same day.