Home Equity Loans
You can use the equity in your home to consolidate debt at a lower interest rate; buy a car; do home improvements; pay for college and much more. There are two types of Home Equity Loans:
- Home Equity Line of Credit (HELOC)
A line of credit allows you to borrow up to a specific amount based on the amount of equity you have in your home. You receive special “checks” that let you write your own loans as needed, up to the amount of your line of credit.
- Home Equity Loan (Second Trust Mortgage)
A home equity loan is a more traditional loan. You borrow a specific amount of money for a one time purchase such as a home improvement project.
How to Apply for a Home Equity Loan or Line of Credit (HELOC):
The same application requirements that apply to first mortgage loans apply to your home equity lines of credit. Click here for current rates.
Click here to apply for a home equity loan (second trust mortgage).
For a Home Equity Line of Credit Application please visit our branch office or call us at 202-974-3453.