Home Equity Loans

Funding your dreams starts at home

The Funds You Need

Lump sum funds are available for specific needs.

No Surprises

Fixed monthly payments make for predictable monthly budgets.

Flexible Terms

Terms are available from 5 to 15 years.D


Let your home fuel your goals

Transform your home's equity into funds that help you achieve your goals.

  • Rates may be lower than a personal loan
  • Interest may be tax deductibleD
  • Get flexible terms and fixed payments
Digital Banking

Bank from anywhere with your mobile devices

Track your spending habits

Seamlessly move your money

Set alerts for transactions

Digital Banking

Bank from anywhere with your mobile devices

Track your spending habits

Digital Banking

Bank from anywhere with your mobile devices

Seamlessly move your money

Digital Banking

Bank from anywhere with your mobile devices

Set alerts for transactions

Cash Back Credit Card

Cash back rules

Earn unlimited cash back and pay no annual fee with our Cash Back Rewards Visa credit card.
Free Checking

Keep banking simple with free checking

Enjoy the freedom of no monthly maintenance fee when you enroll in paperless statements.

People often ask us

There are several options available to you as you near the end of draw period on your EquityLine. For more information, please see our Home Equity Line of Credit End of Draw Options.

Interest you pay on a loan secured by your primary residence may be tax deductible. You should always consult an accountant or tax advisor to determine if this applies.

Your home’s equity can be calculated by subtracting any outstanding mortgage balance(s) from the market value of the property. For example, if the appraised value of your home is $250,000 and the principal balance remaining on your mortgage is $150,000, then your home equity is $100,000. This is the portion of your home that you own.

You'll need to complete an application with the following information:

  • Name
  • Property address
  • Photo ID (drivers license or passport)
  • Employment and income information
  • Current mortgage details
  • Amount you wish to borrow

After we have reviewed your credit application in accordance with our normal credit approval processes, we will determine if you qualify for an EquityLine or EquityLoan.

Lenders usually will set a maximum loan-to-value, or LTV, ratio limit for how much they will allow customers to borrow. To calculate how much, you must know these three things:

  • Your home’s value
  • All outstanding mortgages on the property
  • Your lender’s maximum LTV limit

Simply multiply the home’s value by the LTV and then subtract the outstanding mortgage amount.

Normal credit approval applies.

An example of a typical extension of credit with a home equity loan is as follows: An amount financed of $100,000 with a term of 180 months and an APR of 5.10%. The borrower will make 180 monthly payments of $790.27.

Consult your tax advisor regarding the deductibility of interest.

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Bank deposit products are offered by First Citizens Bank. Member FDIC and an Equal Housing Lender. icon: sys-ehl.

Some restrictions apply.