Skip to main content
Elements will upgrade our chat system on Thursday, January 23. You might experience connectivity issues around that time.

Home Equity Loan

Home is more than a roof over your head—use it to consolidate credit cards, finance home-improvement projects, or pay for other major expenses.

Or call 1-800-561-9433

Home Equity Loan Interest Rate  APR  Points  Monthly Payment
10 Year Fixed 8.340% 8.514% 0.000 $615.66
15 Year Fixed 8.590% 8.717% 0.000 $495.01

Payments shown do not include taxes and insurance premiums. Rates are based on an evaluation of credit history, combined loan-to-value ratio, loan term, and occupancy, so your rate may differ. Not all applicants will qualify for the displayed lowest rates. Annual Percentage Rates (APR), effective January 1, 2025, and example monthly payments are calculated using loan amounts of $50,000, a credit score of 730 or greater and combined loan-to-value of 80% for a single-family residence and estimated closing costs of $615.66 for the 10-year and $495.01 for the 15-year. A loan origination fee of $375 and a title search fee will apply. Additional state or local mortgage fees or taxes may apply. Please consult your tax advisor regarding the deductibility of interest. Programs, rates, terms, and conditions are subject to change without notice.

More Disclosure

Home Equity Loan

Your home could be your ticket to needed funds.

KEY FEATURES

  • Lock in a fixed rate for the life of the loan with a fixed monthly payment
  • The amount you can borrow is based on the equity you have in your home, up to 100% of the value of the home
  • Get the money you need upfront in a lump-sum single payout
  • Never worry about the possibility of rising interest rates
  • 10-year and 15-year loan options

Calculate How Much You Can Borrow

MAY BE A GOOD CHOICE IF

  • You want money upfront in a lump-sum single payout
  • You want predictable monthly payments that stay the same
  • You want to use it for major expenses, such as home improvements, new car, tuition, big vacation, second home, large-ticket items, or other one-time needs
  • You want to consolidate debt from other loans or credit cards

Compare Home Equity Options

How Much Can I Borrow From My Home Equity?

Home Equity Calculator

Results

in a home equity loan or line of credit
  1. 1 Rates are based on an evaluation of credit history, combined loan-to-value ratio, loan term, and occupancy, so your rate may differ. Not all applicants will qualify for the displayed lowest rates. The term is 25 years, consisting of a 10-year draw period with interest-only payments followed by a 15-year repayment period with principal plus interest, which may increase your monthly payments. The Introductory Annual Percentage Rate (APR) of 4.99% is for new Home Equity Lines of Credit only and is for the first six months. HELOC modifications, renewals and increases that utilize the same property are not considered new and are not eligible for the introductory rate. To receive the Introductory rate, a draw of at least $10,000 must be made within 30 days of account opening. After the introductory rate expires, balances will be charged at the variable APR based upon the Prime rate as published in The Wall Street Journal plus a margin. The APR will never be lower than 3.75% or higher than 18%. The stated rate, correct as of January 1, 2025, applies to borrowers with credit scores of 730 or greater, CLTV 80% or less, and owner-occupied single-family residences. Elements Financial will conditionally waive the following Closing Costs associated with your home equity line of credit: flood certification, title search or title abstract, credit report, recording fees, and a simple valuation. You may be required to pay other costs such as taxes, and when required, appraisal fees. However, if you close your home equity line of credit within 36 months after it is opened, you will be required to pay an Early Closure Fee in the amount of the Closing Costs originally waived. These costs vary by state and property type. Elements Financial reserves the right to modify or end this offer at any time. Additional terms and conditions may apply. Subject to credit approval. Elements Financial Membership Required.
  2. 2 Based on asset size as of 9/3/2024.
" class="hidden">淋浴房