Home Equity Loans
Put your home to work and save with a great rate.
A home equity loan allows you to borrow against your equity, or the portion of your home that you own. These loans, also called second mortgages, have favorable rates and low closing costs that make them ideal for borrowing large amounts. You can estimate your current equity by taking the appraised value of your home and subtracting the balance of any mortgage or liens against your property.
Update existing rooms like your kitchen and master bath or add space for an office, gym or play area. Put on a new roof, put in a pool and more with this flexible funding.
If you have balances on credit cards, personal loans, or other debt at a higher interest rate, you could pay less by consolidating that debt into a home equity loan.
If you or a loved one are paying for school, you may be able to get a better rate and save money with a home equity loan rather than student loans.
The great rate on a home equity loan saves you money no matter what you need it for – whether that's medical bills, adoption costs, new furniture, vacations or unexpected expenses.
Have questions or want help applying?
 Home Equity Line of Credit |
 Closed-End Home Equity Loan |
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|---|---|---|
| What are the differences between our loans? | Get a Line of Credit | Get a Closed-End Loan |
| View More Details | View More Details | |
| Rates | ||
| Rates as low as | [ Show Rate ] | [ Show Rate ] |
| Benefits | ||
| Uses your home as collateral | ||
| Borrow up to 100% of your home's value ⋄♦ | ||
| Access your money in online banking | ||
| Continuously receive funds as needed up to your limit | ||
| Can be used again and again | ||
| Can replace your current mortgage | ||
| Fees | ||
| No Annual Fee† | ||
| Receive your money as a lump sum | ||
| No penalty for early payoff | ||
Not enough equity?If you don't have equity to borrow against or need to borrow more than your home is worth, check out our Home Improvement Loans.
"I have always thought Veridian has been above and beyond helpful in knowing how to serve their customers."D.K.October 2021
"I couldn’t be happier! I was even able to sign my papers on a weekend."D.R.October 2021
"All my questions and concerns were handled with care, and I felt very confident with the advice and service I received while obtaining this line of credit."S.G.November 2021
"I have been a member for a long time and have had great service though the years."K.M.September 2021