Home Equity Loans

You work hard for your home so why not make it work for you? At Heartland we offer a Closed End Home Equity Loan and a Home Equity Line of Credit to tap into your home’s equity to get the things you want.

Closed-End Home Equity Loan

Use the equity in your home to consolidate debt. Finance education expenses. Make home improvements. The possibilities are endless. Plus, the interest you pay is often tax deductible – saving you money.

With a Closed End Home Equity Loan you can borrow one lump sum to pay for what you need.

You Get:

  • Low fixed rate
  • Variety of terms to choose from five years to 15 years
  • Interest may be tax deductible (consult your tax adviser)
  • Borrow up to 80% of your home’s value minus any outstanding loans against the property

Home Equity Line of Credit

If you’re planning to spend a little at a time or making payments over time, such as paying for your child’s education every semester a line of credit may be the better choice. Much like a credit card, you’ll have an amount available to you to use when you’re ready – giving you the flexibility to borrow only the amount you need, when you need it.

You Get:

  • Revolving line of credit – allowing you to borrow what you need when you need it
  • Competitive variable rates that could adjust quarterly
  • Five years to borrow from your line of credit and 10 years to repay what you’ve borrowed
  • Borrow up to 80% of your home’s value minus any outstanding loans against the property

Apply Today
Online
Print: Print an application
Call: (651) 451-5160 or (800) 813-9185
Visit: Visit a Heartland Branch

*Home Equity Closed End Loan: 120 monthly payments of $10.50 per $1,000 borrowed.
Home Equity Line of Credit: Monthly payment of $150 on a $10,000 loan.