Unlock financial flexibility with your home’s equity 

The value of your home changes with the market and your obligation decreases with every mortgage payment. The difference between these two numbers determines the equity available in your home, or how much of your home’s value you own.

What’s a HELOC?

A home equity line-of-credit, or HELOC, is a revolving credit line that makes your home’s equity available for a specific amount of time. As an open-ended loan, you can utilize the funds for emergencies in addition to planned projects and expenses.

Benefits of a home equity line-of-credit:

  • Low cost – lower interest than most personal loans and credit cards
  • Flexibility – borrow funds as needed, interest-only minimum payments
  • Convenient Access – draw on your HELOC by transferring funds to your Vantage checking account anytime

Home Equity Line-of-Credit Rate as low as

8.25% APR* variable
tied to Prime, may adjust quarterly**

Effective: October 1, 2023

Borrow up to 90% of your home’s value

(Home Value x 90%) – First Mortgage Balance = Potential Loan Amount

Apply for HELOC

Access your home’s equity to help fund major expenses

Whether you need help covering home improvements or funding life’s big moments, your home’s equity may be the solution. Your equity is the difference between what your home is worth and the balance remaining on your first mortgage. 

How does a home equity loan work?

Using your home as collateral, home equity loans allow you to borrow against the equity available at a low fixed rate. Funds are provided as a single lump sum to be repaid over time. A home equity line-of-credit on the other hand, offers a variable rate and continual access to the loan amount throughout a draw period.

Benefits of a home equity loan:

  • Low cost – lower interest than most personal loans and credit cards
  • Fixed terms – fixed interest rate and repayment
  • Simple – lump sum payout for a specific purpose

Home Equity Loan Rate as low as

7.75% APR* fixed 

Effective: June 1, 2023

Borrow up to 100% of your home’s value

Home Value – First Mortgage Balance = Potential Loan Amount

Apply for a home equity loan

No Closing Costs^

No Closing Costs^

Even if a home appraisal is needed.

No Pre-Payment Penalty

No Pre-Payment Penalty

Making larger payments can help you pay off your loan faster.

No Annual Fee^

No Annual Fee^

Unlike big banks and other lenders.

A home equity loan or line-of-credit can be used for many purposes and the interest paid could be tax deductible.


Home improvements

Reinvest in your property by remodeling your kitchen, replacing the roof or creating an outdoor living space.



Debt consolidation

Your home’s equity can be used to help you save money by consolidating higher-interest debt like credit cards and private student loans.


Major purchases

Planning a wedding? Paying for college expenses? A home equity loan or HELOC could be an affordable solution.

wedding planning

Still considering other options for your upcoming project or expense? Evaluate the many ways Vantage can support your financial needs.

Mortgage loans

Mortgage loans

Refinancing your home could provide another way to access your home’s equity. Be sure to compare rates, closing costs and the average time it may take to close on either loan.

Student loans

Student loans

College expenses could surpass what you’re able to borrow in federal student loans. Private student loans offer you another way to pay without tapping into your home’s equity.

Credit cards

Credit cards

Emergency savings may not cover every situation. A Vantage Mastercard credit card could also help with unexpected expenses—you could even earn reward points on what you spend.


*APR=Annual Percentage Rate. Best rate quoted. Rates subject to change. Your rate may vary based on your credit profile.

**Variable rate may adjust quarterly; cap – 1% per quarter; index – Wall Street Prime; Floor | Max rate – 2.5% | 24.90%

^Please review: Important Terms of our Home Equity Lines-of-Credit and When Your Home is On the Line

Consult your tax and/or legal advisor for advice and information concerning your particular situation.