Home Equity Term Loans
Leverage Your Home's Value
Scheduling a home improvement project, replacing an HVAC unit or investing in vehicle repairs? Though you may not have considered it, the equity you’ve invested in your home over time can help you access excellent loan rates, which can be leveraged for any number of needs.
Let Your Home Equity Work for You
Repayment SchedulesOur Home Equity Term Loans feature repayment schedules that provide for regular reductions of your balance. Monthly payments are calculated so that the loan will be completely paid by the end of its term, with no balloon payments or renegotiations necessary. Offers are subject to change and hinge on credit and collateral approval.
Home Equity Term Loan Rates
Last update: 11/14/2024
| Program Name | Interest Rate/ Payment | Fees/ Expenses1 | APR |
|---|---|---|---|
| 7 Year Fixed, 1st Mortgage | 5.75% $2,171.97 | $900 | 5.934% |
| 10 Year Fixed, 1st Mortgage | 5.75% $1,645.49 | $900 | 5.883% |
| 15 Year Fixed, 1st Mortgage | 5.75% $1,244.82 | $900 | 5.844% |
| 7 Year Fixed, 2nd Mortgage | 6.00% $2,189.83 | $900 | 6.184% |
| 10 Year Fixed, 2nd Mortgage | 6.00% $1,664.20 | $900 | 6.134% |
| 15 Year Fixed, 2nd Mortgage | 6.00% $1,264.95 | $900 | 6.094% |
1$900 fee includes the origination charge and all third party expenses.
- Rates and APRs listed above are based on amounts of $150,000 for owner-occupied, single-family dwellings serving as a primary residence and are for non-purchase transactions with a minimum 650 credit score for at least one applicant and a maximum LTV of 80%. Maximum LTV of 70% if Home Federal does not hold 1st lien.
- Minimum loan amount available is $10,000/Maximum loan amount available is $150,000; for rates and fees on loan amounts under $30,000 or over $150,000, please contact us.
- Property insurance is required, including flood insurance (if applicable).
- Monthly payments shown do not include amounts for property taxes and insurance premiums; if included, actual payment obligation will be greater.