Home > Borrow > Home Loans > Home Equity Lines & Loans

Home Equity 

If you’re a homeowner, home equity loans & lines of credit can be one of the best ways to borrow.

  • Pay for major remodeling projects, like a new roof or finished basement
  • Save money by consolidating higher-interest rate loans and credit cards
  • Cover expenses for education or emergencies

Home Equity Lines of Credit

A home equity line of credit is a revolving line taken out with your home’s equity (appraised value minus mortgage debt) as collateral. 

Home Equity Example

With a home equity line of credit, you’ll receive a credit limit up to 95% of your home’s equity* to withdraw and use as you need, when you need it, at a low variable rate!


  • No annual fee and low closing costs
  • Easy access through online banking
  • Competitive variable rates
  • Interest-only payment options available

Access is easy with online banking or with specially issued equity line checks.

Home Equity Loans

Home equity loans (often called second mortgages) are more similar to a traditional loan because they feature a fixed rate for a fixed period of time.
A home equity loan is often used for a large purchase or debt consolidation.

  • Competitive fixed rates
  • Terms from 5 to 15 years
  • Borrow up to 95% of the home's loan to value**
  • Interest rate is determined by the amount of equity and the term


Tools & Services

*APR=Annual Percentage Rate. Subject to credit approval. New loans/lines only. Variable APR may change quarterly based on the Wall Street Journal Prime Rate plus or minus the margin stated in your original home equity line agreement. Maximum APR on home equity lines is 18%. Late payment charge after 10 days is 5% of payment amount. Closing costs, excluding appraisal fee, will be about $369. The payment on a $10,000 60-month fixed rate loan at 4.74% APR is $186.97.  Rate shown is based on 80% LTV. Rates vary based on term, equity and loan-to-value (LTV). Maximum LTV on equity lines and loans is 95%. Property must be primary residence in the state of Ohio. Other rates and terms available.
NMLS #433809. No appraisal fee special ends 12/31/2019. 
*Property must be primary residence in the state of Ohio. Equity Rate is subject to quarterly adjustment. ** Qualified buyers. MortgageClick Reg. U. S. Pat. & T/M off. Consult our tax advisor regarding new deductibility rules.