Use the equity you’ve built up in your home to finance home improvements, bill consolidation, education, vacation or other big purchases. In addition to the personalized, convenient service you expect from our local lending team, our home equity loans or lines of credit feature reduced closing costs compared to that of a primary mortgage.
We have two great home equity loan products that will help you accomplish your financial goals. We have a Home Equity Line of Credit and a Fixed Rate Home Equity Loan.
Both options help you access the money you need from your full-service community bank.
Fixed Rate Home Equity Features
Fixed interest rate, affordable payments and convenient terms
Reduced closing costs
One-time loan proceed disbursement at settlement
Variety of competitive loan terms to fit your budget
Fixed rate home equity loan interest may be tax deductible; consult your tax advisor
Easy way to access funds by unlocking the potential of the equity in your home
Home Equity Line of Credit Features
Flexibility to borrower funds, pay back funds and re-borrow funds without an additional settlement
Convenient access of the line of credit through the use of home equity line of credit checks
Reduced closing costs
Variable rate
Home equity line of credit interest may be tax deductible; consult your tax advisor
Easy way to access funds by unlocking the potential of the equity in your home
Affordable monthly payments based on the outstanding balance
No closing cost option available
Fixed Rate Home Equity Loan
Comparison table of Fixed Rate Home Equity Loan
Term
Rate
Annual Percentage Rate*
Monthly Principal and Interest Payment
60 Months
7.250%
7.340%
$998.08
84 Months
7.500%
7.570%
$768.58
120 Months
8.000%
8.050%
$608.00
180 Months
8.250%
8.290%
$486.21
Home Equity Line of Credit Rates
Comparison table of Home Equity Line of Credit Rates
Product
Annual Percentage Rate*
Prime +0
8.250%
Loan Calculator
Meet your lenders
L. Susan BarnhardtVice President, Loan OfficerNMLS #: 446532Email L. Susan
Sheila M. BoltonVice President, Branch AdministratorNMLS #: 446534Email Sheila
David A. BowmanSenior Vice President, Chief Lending OfficerNMLS #: 1132599Email David
Eva W. HickmanAsst. Vice President, Branch Manager (Millington)NMLS #: 446537Email Eva