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Home Equity Lines & Loans

Tap into your home's equity for renovations, debt consolidation, or major expenses. Choose between a flexible line of credit (HELOC) or a fixed-rate loan.

Subject to credit approval. Your home is used as collateral.

Home Equity Overview

HELOC rate (from)7.49% APR

HE Loan rate (from)6.99% APR

Borrow up to85% of home value

Draw period (HELOC)10 years

Closing costsWaived on lines $50K+

Two ways to borrow

Choose the option that matches how you plan to use your equity.

HELOC

Home Equity Line of Credit

Borrow as needed during a 10-year draw period. Variable rate. Pay interest only on what you use. Ideal for ongoing projects.

HE Loan

Home Equity Loan

One lump sum with a fixed rate and predictable payments. Best for a one-time expense like a renovation or consolidation.

Benefits of home equity

Lower Rates Than Credit Cards

Home equity rates are typically much lower than personal loans or credit cards.

Potential Tax Benefits

Interest may be tax deductible when used for home improvements. Consult a tax advisor.

Borrow Up to 85% LTV

Access up to 85% of your home's appraised value, minus your existing mortgage.

No Closing Costs

Closing costs waived on lines of $50,000 or more. No application fee.

Online Access

Draw funds, make payments, and manage your line online or in the app.

Fixed-Rate Option

Convert all or part of your HELOC balance to a fixed rate at any time.

Quick Decisions

Pre-qualification in minutes

Competitive Rates

Low rates across all loan types

Dedicated Support

Loan specialists available 7 days

Online Management

Track and pay from anywhere

Common questions

What's the difference between a HELOC and a home equity loan?

How much equity do I need?

Is the interest tax deductible?

How long does it take to get approved?

Talk to a loan specialist

Call 1-800-MERIDIAN or schedule a consultation.

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FDIC

Loans subject to credit approval · Equal Housing Lender · NMLS #000000

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