Veteran Home Equity Loan Program
Our Dedicated Home Equity Loan Program. Your Service Earned You Exclusive Options: Let’s Stabilize Your Financial Future.
Our Dedicated Home Equity Loan Program. Your Service Earned You Exclusive Options: Let’s Stabilize Your Financial Future.
As a veteran-owned bank, we’ve walked in your boots. That’s why we offer Veteran Home Equity Loans. We honor our veterans by providing financial solutions tailored to your needs. Our Veteran Home Equity is designed to help you leverage the value of your home to achieve your financial goals.
We honor your service with special rates. You served us; now it’s our turn.
With multiple loan terms and loan amounts up to $500,000, you’ll be well placed for bigger financial moves.
From our online application to our funding process, our goal is to make your experience smoother.
A home equity line of credit (HELOC) gives you a way to use the equity you’ve built in your home on your terms. Like a credit card, it gives you a revolving line of credit to draw from as needed during t he draw period. Once the draw period ends, you ’ll move into repayment and pay back what you’ve used. HELOCs usually have adjustable rates and are considered a second mortgage.
A Veteran Home Equity Loan (HELOAN) is a fixed-rate loan specifically designed for eligible veterans, active-duty service members, and surviving spouses. It allows you to borrow against the equity in your home with competitive rates and predictable monthly payments, providing additional funds without refinancing your entire mortgage. It is secured by your home, however, so there is the risk of foreclosure if you default.
While the structure is similar, a Veteran HELOAN typically offers more incentives, such as additional lender credits unavailable to non-veterans. It’s designed with the needs of those who have served in mind, with an efficient underwriting process, as well as mortgage bankers experienced in Veterans Affairs loans and similar programs designed for veterans.
Veterans use HELOANs for a wide range of financial needs:
Funds are disbursed upfront, so it can be ideal for large, one-time expenses.
No, a HELOAN is a second mortgage, so it doesn’t affect your existing mortgage. You’ll maintain your current VA loan terms while tapping into your home’s equity separately.
You may qualify if you are:
Eligibility is based on your service history, credit profile, and available equity in your home. Our loan officers can guide you through the process.
Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.
Get in touch with our specialists to learn more about the options we offer.