If you need financing for home improvements, school tuition, loan consolidation, or any other reason, our home
equity loans may be right for you. The amount of money you can borrow depends on the equity you have in your home.
Open-end Home Equity Loan
An Open-end Home Equity Loan is a revolving line of credit
secured by the equity you have built up in your home. You can borrow up to 100% of the assessed value of your home,
less any liens. These lines of credit are available up to 25 years at a
competitive variable rate. Your minimum monthly payment is 1% of your balance.
Closed-end Home Equity Loan
A Closed-end Home Equity Loan is a one-time loan advance.
You can borrow up to 100% of the assessed value of your home, less any liens. These fixed rate loans can be
amortized up to 15 years with a 3, 5, or 7-year balloon payment. When the balloon balance is due, you can pay off the
balance or refinance.
Check out our current
15-year fixed Home Equity Special!
Home Equity Loans have a possible tax benefit. Consult your tax advisor to determine if your Home Equity Loan
provides you with a tax benefit.
Sometimes refinancing your home is an alternative to a home equity loan. To find out more, visit our Real Estate Center for a customized quote.
Contact us for more information on Home Equity Loans from Veridian, or schedule a call with a Home Equity Specialist, and we'll call when it's convenient for you.
Check out our handy checklist of things to bring when you apply.
Automatic Payments
