Home Equity

We offer FIXED Rate Home Equity Loans with 10, 15, 20 and 30 Year Loan Terms. This product is NOT a HELOC. The rate does not adjust, the payments never change, there is no balloon, there is no interest only payment.

Our product is a Straight no nonsense loan where all funds are advanced at closing. Equal payments are then made for life of loan.

Depending on credit score and loan profile we typically can finance up to 90% of home value. In most cases we will use either an automated valuation (AVM) or Drive-By Appraisal. No interior inspection required. Our program is also available for Second Home and Non Owner Occupied (Rental) Property.

As of September 2022, HELOC Rates have already risen 3% this year with expectation of additional 2-3% going forward as the Fed combats inflation. Our fixed program avoids the dangerous adjustable feature.

This program is ideal for the homeowner who already has a low fixed rate on primary loan. Home Equity Loan can be used for any purpose. Here are some examples

  • Home Improvements
  • Debt Consolidation
  • Fund Large Purchases
  • Education Expenses
  • Invest in New Business or Other Opportunities

Our program also allows you to quickly check your own qualifying credit score online before applying. We can direct you to obtain the score, then quote potential terms available prior to deciding if would like to proceed.

Please reach out to 619-296-5881 or click on Quick Quote to get more information.