Home Equity Loans

• Turn your home equity into cash
• Competitive rates for several short-term or one-time needs:
  • Debt consolidation
  • Significant purchases
  • Education expenses
  • Vacations
  • And more!
• The existing equity in your home is used as collateral backing
• Accommodating repayment terms (up to 15 years)
• Interest paid may be tax-deductible*
• Prompt, local decision-making
• Friendly, reliable service
• Available to residents of Tuscaloosa, Northport and the surrounding area

•  Turn equity into a line of credit that you can use and re-use
• Competitive rates for several one-time or ongoing needs:
  • Home improvements
  • Significant purchases
  • Education expenses
  • Vacations
  • And more!
• Funds available anytime without reapplying
• Apply once, then use repeatedly thereafter
• Revolving credit — as principal is repaid, more is available to draw from
• Accommodating repayment terms (up to 15 years)
• Interest paid may be tax-deductible*
• Prompt, local decision-making
• Friendly, reliable service
• Available to residents of Tuscaloosa, Northport and the surrounding area

Two HELOCs to Choose From

1. Interest rate is adjusted quarterly with level payments (1.25% of balance). Credit limit is based on credit-worthiness and percentage of appraisal value. The maximum term is 7 years with a 5-year draw period.  
2. Interest rate is adjusted monthly with interest-only payments. Credit limit is based on credit-worthiness and percentage of appraisal value. The maximum term is 25 years, with a 10-year draw period.

As an added convenience, we offer HELOC checks. This means that once your HELOC has been established, you can simply write a check when funds are needed (instead of making a trip to the branch). You'll have greater flexibility, especially when the project is ongoing — or the full costs are yet to be determined.