FDIC-Insured – Backed by the full faith and credit of the U.S. Government
The equity you have built in your home can work for you. We offer two ways to use it, both decided locally and serviced in house.
Overview
Home Equity Installment Loan
A lump sum against your equity with a set repayment term, like a conventional mortgage. A good fit for renovation projects that can raise your home’s value.
- Fixed interest rate
- Fixed monthly principal and interest payments
- Borrow against the difference between market value and mortgage balance
Home Equity Line of Credit
A revolving credit line secured by your home, for large expenses or consolidating higher-interest debt.
- Variable interest rate that adjusts with prime rate changes
- Checks issued for easy access to funds
- Borrow only what you need, when you need it
The home equity calculator estimates what you could borrow, and the debt consolidation calculator shows what folding higher-interest balances into one loan could look like.
Common questions
What is a Home Equity Installment Loan?
A fixed-term loan that lets you borrow a lump sum using the equity in your home as collateral, repaid in fixed monthly installments. Offered at our New Wilmington, Greenville, and Hermitage branches.
What do local homeowners use home equity loans for?
Renovation projects that can raise a home’s value, large expenses, and consolidating higher-interest debt.
Applying is a conversation
Call or visit any branch and a lender will walk through your equity, the two options and which fits what you are planning. Your house is the collateral for these loans, so bring your questions; we would rather answer them up front.
Visit us in person
Three hometown offices, each with local people who can help in one visit.
