Home Equity Loans

We’re The Solution…

Home Equity Loans are available as fixed-term loans or as revolving lines of credit secured by the equity in your home. The interest on Home Equity Loans may be tax deductible because the debt is secured by your home. Consult your tax advisor for more information.

Home Equity Loans or Lines of Credit are economical ways to borrow for home improvements, to purchase a recreational vehicle, to pay for your vacation, education, or for any other personal use.

We offer multiple Home Equity options:

Fixed Rate Home Equity Loan

A closed end loan that is secured by the equity value in a borrower’s personal residence. Collateral value enables the borrower to secure larger loan amounts at a lower rate and with a longer repayment term than on an unsecured basis.

  • Lower interest rate than an unsecured installment loan
  • Flexible repayment options
  • Can be used for any purpose
  • Interest may be tax deductible (Consult your tax advisor)
  • Save money by paying off higher rate loans

Home Equity Lines of Credit (HELOC)

An open-end loan that is secured by the equity value in a borrower’s personal residence. Collateral value enables the borrower to secure larger loan amounts at a lower rate and with a longer repayment term than on an unsecured basis.

  • Accessible buying power at your fingertips
  • No annual fees
  • $2,500 minimum line
  • No minimum advance requirements
  • Interest may be tax deductible (Consult your tax advisor)

Get Started with your Home Equity Today

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*Annual Percentage Rate (APR) subject to change without notice. Maximum Loan to Value of 80% of appraised value for first mortgage or 90% of appraised value for second mortgage. Additional terms and conditions may apply depending on customer credit score and other loan terms offered or chosen. Third party fees to be paid by TSB depend on amount borrowed and can include: flood determination fee, credit report fee, appraisal fee, mortgage recording fee, tax and title search fee, lender title insurance fee if the loan amount is greater than $75,000, tax service fee, settlement fee, and mortgage tax. If a borrower elects to obtain Owner Title Insurance, the borrower is responsible for the Owner Title Insurance premium. If a borrower selects an attorney to represent him/her, borrower is responsible for attorney fees. Should the Loan be closed or discharged within the first three years, the Bank may collect the fees paid to third parties from the borrower which were waived when the loan was opened. Other fees/charges, if applicable are the responsibility of the borrower. Property insurance is required and flood insurance when necessary. Please consult a tax advisor concerning the deductibility of interest. Subject to credit and collateral approval.