Borrow once.
Pay it back with predictable monthly payments.
Use the equity in your home to fund larger expenses like renovations, debt consolidation, education costs, or unexpected needs – with a fixed rate and set repayment plan.
What is a Home Equity Loan?
A Home Equity Loan lets you borrow against your home’s value and receive the money in one lump sum. You pay it back over time with fixed monthly payments.
Best for: planned expenses, one-time projects, and borrowers who want payment stability.
Why Choose a Home Equity Loan?
Fixed Rate
Your interest rate stays the same
Lump-Sum Funding
Get your funds upfront
Predictable Payments
Know what you'll pay each month
Flexible Uses
Use funds for renovations, debt consolidation, education, major purchases, or emergencies.
Have built equity for a large planned expense
Want a fixed interest rate
Prefer predictable monthly payments
Like having a clear payoff timeline
Common Uses
Why FVSBank?
- Local lenders who know our communities
- Personal guidance from application to closing
- Clear answers, not confusing loan jargon
- Banking. Made personal.
Meet Your Local Lending Team
Home Equity Loan FAQ
What is a Home Equity Loan
A Home Equity Loan allows you to borrow against the equity you’ve built in your home. You receive the funds in one lump sum and repay the loan with fixed monthly payments over a set period of time.
How is a Home Equity Loan different from a HELOC?
A Home Equity Loan gives you a one-time lump sum with fixed payments and a fixed rate.
A HELOC (Home Equity Line of Credit) works more like a credit line you can borrow from as needed, and payments or rates may vary.
How much can I borrow?
The amount depends on factors like:
- Your home’s current value
- Your remaining mortgage balance
- Your credit history
- Your income and debt obligations
A lender can help determine what you may qualify for.