Close
Online banking

Online Banking

Home Equity Loans

Use Your Home's Equity for Immediate Cash Needs

You need cash, your home's equity can help. Depending on your financial situation, a home equity loan or line of credit (HELOC) may be the best solution. Both a Home Equity Loan and a HELOC use the equity you have built-up in your home to secure cash to be used for any number of expenses.


Home Equity Loans offer fixed rates, and predictable payments.

Funds from home equity loans can be used for nearly anything, but are mostly used for large home renovations, like a new roof, or windows, additions like a shed or garage, or finishing a basement. 

The home equity loan process is simple and has several benefits:

  • You receive your loan amount in a lump sum
  • Your interest is set up front, and each payment goes toward paying down the balance of the loan
  • Home equity loans generally have lower interest rates than consumer loans and credit cards
  • There are tax benefits to using a home equity loan. Speak with your tax advisor for full details on these tax advantages

Our lenders can help you understand if a home equity loan is an ideal solution based on your financial situation, or if you're better suited for another product we offer.


HELOCs offer credit card-style flexibility with lower interest.

When you need cash, but don't need it all at once, a home equity line of credit, or HELOC, could be your ideal solution.

Unlike a home equity loan, which is disbursed as a single lump sum of cash, a home equity line of credit is a revolving line of credit for you to draw on as you need.

Benefits of using a home equity line of credit:

  • Once it is set up, you use it when you need it, and you only pay back what you use plus any accrued interest.
  • HELOCs generally have lower interest rates than credit cards while retaining the same type of use-it-when-needed flexibility.
  • The interest you pay on your HELOC may be tax deductible (consult your tax advisor for more information)

Our lenders can help you determine if a home equity line of credit is suited for your need, or if we have better product that fits better and is more beneficial to your bottom line.


Get started today!

The first step to a home equity loan or HELOC is getting in touch with any of our lenders to discuss your specific needs. 

  • St. Cloud

  • Jeb Willis

    Jeb Willis

    Mortgage Banker

    NMLS: 789498

    Locations:
    St. Cloud
    Divisions:
    Mortgage Banking, Consumer Banking

    Phone: (320) 968-6195

    Contact Me

  • Foley

  • Karen Abfalter

    Karen Abfalter

    Mortgage Banker

    NMLS: 1691558

    Locations:
    Foley
    Divisions:
    Mortgage Banking, Consumer Banking

    Phone: (320) 968-6300

    Contact Me

  • Kendra Berger

    Kendra Berger

    VP / Manager of Retail Lending

    NMLS: 422207

    Locations:
    Foley
    Divisions:
    Mortgage Banking, Consumer Banking

    Phone: (320) 968-6187

    Contact Me

  • Sara Tiahrt

    Sara Tiahrt

    Mortgage Banker

    NMLS: 995236

    Locations:
    Foley
    Divisions:
    Mortgage Banking, Consumer Banking

    Phone: (320) 968-2026

    Contact Me