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Home Equity/HELOC

You can access your home's equity with a home equity loan or a home equity line of credit.

A house with a dollar sign in the middle.

How Can HELOC Help?

Don't wait to take advantage of great rates! Improve your home and consolidate debt with a CapEd Home Equity Line of Credit (HELOC).

  • No fees or closing costs on loans under $250,000*
  • No annual fee
  • Ten year draw on line of credit with interest only payments
  • Ten year repay without a balloon payment
  • Up to 80% combined loan to value (restrictions may apply)

What is a Home Equity Loan?

A home equity loan allows you to access the equity in your home. You receive the full loan proceeds at closing and make fixed monthly payments on the loan for the entire term of the loan.

Home Equity Loan details

  • Low fixed rate for the life of the loan
  • Terms from 5 to 15 years
  • Loan funds are disbursed in full at closing
  • Borrow up to 80% of property value
  • Discounted rate for those who also have first mortgage with CapEd

What is a HELOC?

A Home Equity Line of Credit (HELOC) is a revolving line of credit secured against your home. It is an open-end loan. Instead of loaning a set amount of funds all at once (like you would with a car loan), you simply borrow as you go, up to the credit limit.

HELOC details

  • Interest-only payments
  • No fees or closing costs on loans under $250,000*
  • No annual fee
  • Convenient access to funds
  • Up to 80% combined loan to value (restrictions may apply)
  • Ten year draw period to access funds from your home equity line of credit

After the draw period ends, you will enter the repayment period. Your access to funds will end and your loan will amortize over a 10 year period allowing you to pay in full at the end of the repayment period without a balloon payment.

Apply for a Home Equity Loan or HELOC

Get started today with the online application.


Helpful resources for a HELOC.


* Appraisal may be required.