Home Equity Turn your home into a home improvement solution with a home equity loan or line of credit from The State Bank! Your home’s equity can also be used to consolidate debt, pay for college tuition, or even fund a once-in-a-lifetime vacation.
Whether you're looking for a home equity line of credit (HELOC), or a fixed-rate loan, The State Bank will help you through the decision making process to ensure that using your home’s equity is the right choice for you.
Home Equity Line of Credit
A variable-rate line of credit that you may draw against - using a check or convenient debit card - providing you access to your equity when you need it. Use some now and save some for later, or use it all! A HELOC offers you great flexibility for home improvements, major purchases, consolidation of debt, college tuition, and more!
- Approved for a specific amount
- Used to purchase major items
- Monthly payments based on balance
Fixed Rate Equity Loans
This loan allows you to borrow a specific amount of money for a specific period of time and pay off the balance with regular monthly payments. The advantages to this loan are a low fixed rate and a payment that never changes, making budgeting a breeze!
- Quick, convenient access to funds
- Competitive rates and flexible terms
- Affordable monthly payments