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..

Apply Now View Rates Video Gallery FAQs

Use a home equity loan for anything:

Home Improvements Icon
Home Improvements

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.

Debit Icon
Pay Off Debt

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.

Tuition and School Icon
Tuition Payments & School Expenses

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.

Large Expenses Icon
Other Large Expenses

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.

What are the differences between our loan options? HELOCs

Home Equity Line of Credit

Learn More

Closed-End Loans

Closed-End Home Equity Loan

Learn More

Rates as low as 4.25% APR 4.25% APR
Uses your home as collateral
Borrow up to 100% of your home's value
No annual fee
Access your money in online banking
Receive your money as a lump sum
Continuously receive funds as needed up to your limit
Can be used again and again
No penalty for early payoff
Can replace your current mortgage
  View More Details View More Details
Equity Icon

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.

Rates, Terms & Payment Examples

Calculate Your Estimated Minimum Monthly HELOC Payment

Your monthly payment is determined by the funds you access/balance you carry. Use the slider to estimate a minimum monthly payment based on your balance.

 
$ Your Equity

Your Equity

5 Year Fixed Rate(60 Month) 10 Year Fixed Rate(120 Month)
APR as low as 4.50% 5.00%
Loyalty APR as low as 4.25% 4.75%
Payment Example$50 or 1% of your balance, whichever is greater $### $###
Total term 25 years (300 months) 25 years (300 months)

Estimate Your Monthly Payment for a Closed-End Home Equity Loan

Use the slider below to select how much you'd like to borrow and compare estimated payments for the different terms we offer for closed-end home equity loans.

 
$ Your Equity

Loan Principal

5 Years (60 Months) 10 Years (120 Months) 15 Years (180 Months) 20 Years (240 Months)
APR as low as 4.50% 5.00% 5.50% 6.00%
Loyalty APR as low as 4.25% 4.75% 5.25% 5.75%
Payment exampleBased on the loan amount selected above $### $### $### $###
Fixed rate for life of loan

Payment examples use Loyalty APR

Frequently Asked Questions

FAQs Icon

APR = Annual Percentage Rate. Includes Loyalty Program discount of 0.25% APR when enrolled in eDocs and while maintaining direct deposit of net income to Veridian or, if unavailable, a minimum of 10 qualifying checking account transactions per month. Borrowers will lose discount if they fail to meet Loyalty Program qualifications during loan term. Rate fixed for first 60 or 120 months of the 25-year term; after that, the rate is variable and the maximum APR is 21%. Add up to 2.5% to interest rate for home equity lines of credit with loan-to-value ratios over 80% (maximum of 100%). Rates, terms and conditions subject to change and may vary based on qualifications including creditworthiness, loan-to-value ratio and collateral conditions. Home equity loans only available in Iowa and Nebraska and do not include escrow. All loans subject to membership and approval. Appraisal fees may apply. See Veridian for details.

APR = Annual Percentage Rate. Includes Loyalty Program discount of 0.25% APR when enrolled in eDocs and while maintaining direct deposit of net income to Veridian or, if unavailable, a minimum of 10 qualifying checking account transactions per month. Borrowers will lose discount if they fail to meet Loyalty Program qualifications during loan term. Add up to 2.5% to interest rate for home equity loans with loan-to-value ratios over 80% (maximum 100%). Rates, terms and conditions subject to change and may vary based on qualifications, including creditworthiness, loan-to-value ratio and collateral conditions. Home equity loans only available in Iowa and Nebraska and do not include escrow. All loans subject to membership and approval. Appraisal fees may apply. See Veridian for details.

Locate a Branch

Serving all 50 states digitally with branches in Iowa and Nebraska.

Image of Veridian Branch