Home Equity Loan

Looking for a reliable way to borrow money? You may be sitting inside the best resource to help you secure a loan: your home. A home equity loan from Mountain America can give you the cash you need to eliminate credit card debt, remodel the kitchen, buy a car or take care of other financial obligations.

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Home Equity Loan

Looking for a reliable way to borrow money? You may be sitting inside the best resource to help you secure a loan: your home. A home equity loan from Mountain America can give you the cash you need to eliminate credit card debt, remodel the kitchen, buy a car or take care of other financial obligations.

Leveraging your home's value.

Home is where the heart is. It's also where the cash is. It’s a rather simple premise.  You have equity in your home.  A home equity loan lets you borrow money using that equity as collateral. You receive a lump sum of money that is repayable over a fixed term, giving you the security of a locked-in rate and a consistent monthly payment. Plus, unlike most types of consumer loans, the interest on a home equity loan may be tax deductible.2

A home equity loan from Mountain America is designed to help you accomplish projects and goals that are important to you. For instance, a home equity loan can be a smart tool for debt consolidation — so strong that we've developed a tool to help you calculate if a home equity loan for debt consolidation is right for you.

Money to make your life better.


Our Home Equity Loan1 fixed rates are low so you can afford to finance virtually any project or need.  Go ahead, use your imagination.  What could that equity help you accomplish?  Allow us to offer a few ideas:
  • Educational costs
  • Medical expenses
  • Start-up business expenditures
  • Vehicle purchase
  • Home renovations
As a type of secured loan, home equity loans typically qualify you to borrow at lower interest rates and larger amounts. They may be a good option for you if your credit rating isn't strong. But because you can be eligible to borrow a lot of money, it's tempting to stretch too far with a home equity loan. Don't forget that your house is on the line as collateral. If you fail to repay the loan, you could lose your home — but as long as you steer clear of any risk of default, a home equity loan can give you access to more money at better interest rates.

The reasons to get a Home Equity Loan really add up.


There's no place like home — and no stronger way to secure a loan for things that matter, like car repairs, home improvements, medical bills and taxes. When you need more cash, a Mountain America home equity loan helps you take care of business. It doesn’t take a mathematician to calculate the value of these advantages:
  • Low interest rates that stay the same over the life of your loan
  • Up to 100% LTV-combined financing
  • No origination fees
  • No closing costs
  • 1st and 2nd mortgage options
  • Terms for 5, 7, 10 or 12 years
  • Possible tax advantages on interest paid (consult your tax advisor)
For some situations, the right solution is an open-ended flexible home equity line of credit. In contrast to a home equity loan, which gives you a lump sum of cash that you have to repay, a home equity line of credit (HELOC) is exactly what it sounds like: a credit line you can draw on that uses your home as collateral to guarantee repayment. Whatever your needs, Mountain America can help you choose the right tool to get the money you need.

How does a home equity loan work? In a word, well.


It’s a rather simple premise.  You have equity in your home.  A home equity loan lets you borrow money, using that equity as collateral. You receive a lump sum of money that is repayable over a fixed term, giving you the security of a locked-in rate and a consistent monthly payment3. Plus, unlike most types of consumer loans, the interest on a home equity loan may be tax deductible2.

Apply Today

Take the next step: Apply for a home equity loan.

Loans subject to credit approval. See current rates and terms. The minimum payment for a loan with a 4.00% APR and 12-year term is $8.76 per $1,000 borrowed.  See our Loan Calculator for specific examples.  

See current rates. See terms, conditions and restrictions. No fees for loan amounts under $250,000. Minimum loan amount $8,000.

1Loans subject to credit approval.
2Consult your tax advisor.
3Members applying for a home equity loan who live in manufactured homes will need to pay for an appraisal.

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