Home Equity Loans | Elements Financial

Home Equity Loans

Apply for a Home Equity LoanA Home Equity Loan from Elements is a great way to consolidate other loans or credit cards, finance home improvements, purchase large-ticket items, or pay for major expenses or other one-time needs.

If you want predictability of fixed payments in a loan, you can get the money you need up front with one of our fantastic Home Equity Loan options.

A home equity loan is secured by your home and enables you to access a portion of your available equity in the form of a single payout. Once approved, you may qualify for up to 100% of the appraised value of your home, less the balance of your first mortgage. Interest rates are fixed over the life of the loan to allow you to budget best.

Prefer the flexibility of accessing available funds on an ongoing basis? Consider a Home Equity Line of Credit.


Our Home Equity Loan Options Include:

Home Equity Loan 10 Year FixedHome Equity Loan 15 Year Fixed
  • 10-year term fixed rate mortgage loan
  • Lock in a fixed rate for the life of your loan
  • Never worry about the possibility of rising interest rates for the term of the loan
  • Enjoy predictable payments that stay the same for the 10 year term
  • 15-year term fixed rate mortgage loan
  • Lock in a fixed rate for the life of your loan
  • Never worry about the possibility of rising interest rates for term of the loan
  • Enjoy predictable payments that stay the same for the 15 year term

 

 

Current Home Equity Loan Rates

Payments shown do not include taxes and insurance premiums. Rates are based on an evaluation of credit history, combined loan-to-value ratio, loan term, and occupancy, so your rate may differ. Not all applicants will qualify for the displayed lowest rates.

Home Equity Closed End Loans Rate Points APR Payment
Home Equity Loan 10 Year Fixed  4.740%  0.000  4.903%  $524.00 
Home Equity Loan 15 Year Fixed  4.990%  0.000  5.104%  $395.14 

Home Equity Closed-End Loans: Annual Percentage Rates (APR) are calculated using loan amounts of $50,000, credit score of 710 or greater and combined loan-to-value of 80% for a single family residence and estimated closing costs of $538 for the 10-year and $641 for the 15-year. Closing costs: A loan origination fee of $375 and a title search fee will apply. Additional state or local mortgage fees or taxes may apply. The actual closing costs generally range between $500 to $1,200, depending on the location of the property, the amount of the loan and other factors. Payments: stated payments do not include hazard insurance, property taxes, or flood insurance. Your actual payment may be higher.

Tax Deductibility: Elements Financial does not offer tax advice. Please consult your tax advisor regarding the deductibility of interest. Programs, rates, terms and conditions are subject to change without notice.