Home Equity Loans
Fixed Rate Home Equity Loan
A Fixed Rate Home Equity Loan is a great way to use your home's equity to fund life's expenses. Whether your goal is to consolidate debt, make a large purchase, home renovations, or just have a safety net, using your home’s equity is an affordable way to fund any project.
- Fixed Rate
- 5-year, 10-year, 15-year, and 20-year terms
- Borrow up to $250,000
- Perfect for home projects and more!
Home Equity Loans
| HOME EQUITY LOAN PROGRAM | LOAN AMOUNT | LOAN-TO-VALUE | RATE | APR ¹ |
| 5-Year Fixed | $15,000 - $250,000 | Up to 90% | 8.625% | 8.661% |
| 10-Year Fixed | $15,000 - $250,000 | Up to 90% | 8.750% | 8.770% |
| 15-Year Fixed | $15,000 - $250,000 | Up to 90% | 8.875% | 8.889% |
| 20-Year Fixed | $15,000 - $250,000 | Up to 90% | 9.000% | 9.012% |
Our Fixed Rate Equity Loan offers flexible terms of 5, 10, 15 and 20 years. You pick the term that best meets your needs!
¹ APR = Annual Percentage Rate. A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees. APRs are based upon the following:
- Home Equity Loan: Loan amount of $100,000 + closing costs
- All rates shown are based upon a 45-day rate lock*
- All rates shown are based upon ≤80% loan to value ratio
- Rates show are for borrowers with excellent credit and no subordinate financing.
- Your rate may be different than what is shown due to pricing adjustments for certain scenarios.
Maximum Loan Amount: $250,000
Note that the rates and/or fees may be higher based upon credit score.
*Rate Locks are available after loan terms have been discussed with an OE Federal Loan Officer using verified credit, Loan-to-Value and borrower qualifications.
Rates are subject to change without notice. To receive a better estimate for your specific scenario and our current rates, please call or text us at 800-877-4444.
*Rates as of September 1, 2024.
Home Equity Line of Credit
| LOAN AMOUNT | LOAN-TO-VALUE | RANGE OF APR ¹ |
| $15,000 - $250,000 | Up to 80% | 8.500% to 9.500% |
¹ APR = Annual Percentage Rate. A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees. APRs are based upon the following:
- Home Equity Line of Credit : Loan amount of $100,000 + closing costs
- All rates shown are based upon a 45-day rate lock*
- Rates show are for borrowers with excellent credit and no subordinate financing.
- Your rate may be different than what is shown due to pricing adjustments for certain scenarios.
This amount reflects the estimated initial payment against the full loan amount of $100,000, with excellent credit. Actual monthly payments and final payoff amount will vary depending on the timing and amount of draws against the line of credit. Actual rate, of Prime + added margin, may be higher based on credit score.
Above are the details of the Rate and Payment that will apply over the term of the loan. The payments listed above do not include amounts for taxes and insurance. If the Loan is an Adjustable Rate Loan, a current reasonable Index and Margin were used to display potential future Rate and/or Payment changes. If the Loan is a Home Equity Line of Credit (HELOC) the payments shown below are calculated using a full loan amount of $100,000.
Initial Interest Rate: On a Fixed rate loan, it is the rate for the entire life of the loan. On an Adjustable Rate Loan it is the interest rate that is fixed for some specified number of months at the beginning of the loan term
Fully Indexed Rate: The current index value plus the margin on an Adjustable Rate Loan.
Max Interest Rate: The maximum rate that may occur on your Adjustable Rate Loan.
Months to First Rate Adjustment: The period of time before your interest rate will adjust on an Adjustable Rate Loan.
Interest Only Term: The period of time where the monthly mortgage payment consists of interest only. During that period, the loan balance remains unchanged.
A Margin may be added to the index to create a fully indexed rate. Excellent credit is used in examples. Index Prime + Margin of Zero.
Rates are subject to change without notice. To receive a better estimate for your specific scenario and our current rates, please call or text us at 800-877-4444.
*Rates as of September 1, 2024.
Related Products and Services
Mortgage Loans
Learn MoreCompare Home Loans
Learn MoreSignature Loans
Learn MoreFinancial Education
Learn MoreSavings Accounts
Learn MoreBlog
Learn MoreHome Equity Loans
| HOME EQUITY LOAN PROGRAM | LOAN AMOUNT | LOAN-TO-VALUE | RATE | APR ¹ |
| 5-Year Fixed | $15,000 - $250,000 | Up to 90% | 8.625% | 8.661% |
| 10-Year Fixed | $15,000 - $250,000 | Up to 90% | 8.750% | 8.770% |
| 15-Year Fixed | $15,000 - $250,000 | Up to 90% | 8.875% | 8.889% |
| 20-Year Fixed | $15,000 - $250,000 | Up to 90% | 9.000% | 9.012% |
Our Fixed Rate Equity Loan offers flexible terms of 5, 10, 15 and 20 years. You pick the term that best meets your needs!
¹ APR = Annual Percentage Rate. A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees. APRs are based upon the following:
- Home Equity Loan: Loan amount of $100,000 + closing costs
- All rates shown are based upon a 45-day rate lock*
- All rates shown are based upon ≤80% loan to value ratio
- Rates show are for borrowers with excellent credit and no subordinate financing.
- Your rate may be different than what is shown due to pricing adjustments for certain scenarios.
Maximum Loan Amount: $250,000
Note that the rates and/or fees may be higher based upon credit score.
*Rate Locks are available after loan terms have been discussed with an OE Federal Loan Officer using verified credit, Loan-to-Value and borrower qualifications.
Rates are subject to change without notice. To receive a better estimate for your specific scenario and our current rates, please call or text us at 800-877-4444.
*Rates as of September 1, 2024.
Home Equity Line of Credit
| LOAN AMOUNT | LOAN-TO-VALUE | RANGE OF APR ¹ |
| $15,000 - $250,000 | Up to 80% | 8.500% to 9.500% |
¹ APR = Annual Percentage Rate. A rate that reflects the actual annual cost of a loan and includes the loan interest rate, private mortgage insurance, points and some fees. APRs are based upon the following:
- Home Equity Line of Credit : Loan amount of $100,000 + closing costs
- All rates shown are based upon a 45-day rate lock*
- Rates show are for borrowers with excellent credit and no subordinate financing.
- Your rate may be different than what is shown due to pricing adjustments for certain scenarios.
This amount reflects the estimated initial payment against the full loan amount of $100,000, with excellent credit. Actual monthly payments and final payoff amount will vary depending on the timing and amount of draws against the line of credit. Actual rate, of Prime + added margin, may be higher based on credit score.
Above are the details of the Rate and Payment that will apply over the term of the loan. The payments listed above do not include amounts for taxes and insurance. If the Loan is an Adjustable Rate Loan, a current reasonable Index and Margin were used to display potential future Rate and/or Payment changes. If the Loan is a Home Equity Line of Credit (HELOC) the payments shown below are calculated using a full loan amount of $100,000.
Initial Interest Rate: On a Fixed rate loan, it is the rate for the entire life of the loan. On an Adjustable Rate Loan it is the interest rate that is fixed for some specified number of months at the beginning of the loan term
Fully Indexed Rate: The current index value plus the margin on an Adjustable Rate Loan.
Max Interest Rate: The maximum rate that may occur on your Adjustable Rate Loan.
Months to First Rate Adjustment: The period of time before your interest rate will adjust on an Adjustable Rate Loan.
Interest Only Term: The period of time where the monthly mortgage payment consists of interest only. During that period, the loan balance remains unchanged.
A Margin may be added to the index to create a fully indexed rate. Excellent credit is used in examples. Index Prime + Margin of Zero.
Rates are subject to change without notice. To receive a better estimate for your specific scenario and our current rates, please call or text us at 800-877-4444.
*Rates as of September 1, 2024.
Payment Calculator
Format: 12m, 36m, 3y, 7y
Payment Details
Monthly Payment:
$219.73
Number of Payments:
36
Total Payments:
$7,910.37
Total Interest:
$410.37
Frequently Asked Questions
-
How much am I eligible to borrow?
We offer Fixed Home Equity Loans up to $250,000; however, the amount you’ll be eligible to borrow depends on factors such as your home’s value and your credit. To find out what you’re eligible for, give our Real Estate Team a call at 800.877.4444 extension 4110.