Home Equity Loans

List of documents you will need to apply online.

When you’re ready, you can begin the process by applying online with your local Branch Manager. Here’s some information we’ll need from you to start the process:

•  Copy of W-2 Form for prior two years
• ­ Copy of most recent pay stub dated within 30 days of the application
• ­ For self-employed: Copy of prior two years personal and business tax returns including all schedules
• ­ Copy of current mortgage statement(s)
• ­ For rental income: Copy of prior two years personal tax returns, includes all schedules.
• ­ Copy of Pension and/or Social Security Award Letter (if applicable)
• ­ Copy of current Real Estate Tax Bill
• ­ Copy of Homeowner’s Insurance Declaration Page and Flood Insurance if applicable
• ­ Copy of most recent two month of asset statements for 1st Position Fixed Equity (Actual Statements)
• ­ Copy of Trust if property is held in Trust

 *Additional documents may be requested.

Click Home Equity Loan Checklist for a printable check list.

Want more information on our Home Loans? Check out this brochure!

• Fixed Home Equity Loans

  Fixed Home Equity Loans feature a fixed interest rate, fixed term, and fixed amount. Fixed equities are typically used when you need a large sum of money for a specific project, such as renovating your kitchen or replacing your roof.

  View Interest Rates

  Fixed Home Equity Product Comparison Chart

  Fixed Home Equity Loans	Fixed Home Equity First Position	Fixed Home Equity 1st or 2nd Position	Expanded Equity (Fixed)
  Ideal for…	Financing a small project or refinancing your mortgage to pay it off more quickly!	Financing a project or purchase when you need to borrow a large sum of money.	Financing a project or purchase when you already have a substantial mortgage balance.
  Lien Position	1st and only	1st or 2nd	1st or 2nd
  Recommended Minimum	$25,000	$25,000	$25,000
  Maximum Amount	$250,000	$250,000	$250,000
  Up to ___% CLTV	80%	80%	90%
  Terms Available	10 years	10, 15 or 20 years	10, 15 or 20 years

  How to Apply

  Contact a Branch Manager in for more information or to find the program that’s right for you.

• Home Equity Line of Credit (HELOC)

  Home Equities Document Check List A Home Equity Line of Credit (HELOC) is a revolving, variable rate loan. You apply for a credit limit, which can be accessed using LOC checks or transfers during the draw period. The draw period is the set period of time during which you may take advances from the loan. The minimum monthly payments during the draw period are interest-only and do not reduce the principal balance owed. The interest rate is a variable rate based on the Prime Rate in the Wall Street Journal. The floor rate is the lowest the interest rate can be at any time.

  HELOCs are best when you have multiple needs for cash in the future but don’t need to spend all the money at once – for example, planning several renovations over the next few years or paying tuition for several years. After the draw period, the loan goes into repayment, and no additional advances from the loan are allowed.

  View Interest Rates

  Home Equity Line of Credit Product Comparison Chart

  Home Equity Lines of Credit	Home Equity Line of Credit	6 Month Home Equity Line of Credit Special	Expanded Equity Line of Credit
  Ideal for…	Financing projects or purchases over several years – or having the comfort of an emergency fund.	Financing a short-term project or purchase. (Introductory low Annual Percentage Rate (APR) fixed for six (6) months.	Financing several projects or purchases when you already have a substantial mortgage balance.
  Lien Position	1st or 2nd	1st or 2nd	1st or 2nd
  Recommended Minimum	$25,000	$25,000 initial draw at closing required	$25,000
  Maximum Amount	$250,000	$250,000	$250,000
  Up to ___% CLTV	80%	80%	90%
  Draw Period	10 years	5 years	10 years
  Annual Fee	None	$50 after 1st year	None
  Floor Rate	4.50%	4.00%	6.25%

  How to Apply

  Contact a Branch Manager in for more information or to find the program that’s right for you.