Home Equity Loans
Your home’s value can work for you with an affordable home equity loan.Need Help?
What is it?
You can remodel your kitchen, put on a new deck, pay off your holiday bills, pay for college and more. All you need is a Money One Home Equity Loan!
What are the Benefits?
- Low, competitive rates
- Interest is typically tax deductible*
- Apply online for fast approvals
- Personal, customized service
Home Equity Line of Credit
- Low variable rates**
- Open-ended line to access as needed
- Only pay interest on what you use
- Lines up to 80% of your home equity
- $10,000 minimum initial withdrawal
Fixed Rate Home Equity Loan
- Terms from 5-10 years
- Loans up to 80% of your home equity
- $10,000 minimum loan
Get in Touch
We look forward to speaking with you about home equity loans!
*Consult a tax advisor.
**Minimum rate 4.00% Annual Percentage Rate. Rates may be higher depending on credit history. Member reimburses Money One any paid closing costs if loan remains open less than 36 months. 5/1 Home Equity Line of Credit rate is tied to prime; Rate is variable and can increase up to 2.00% once every year after first 5 years. Lifetime maximum adjustment of 4.00%. Maximum 75% LTV. Floor rate is 4.00%. A minimum draw of $10,000 is required at time of closing. Draw period is 8 years. Other restrictions may apply. Current Money One home equity loans and home equity lines of credit are not eligible.