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Home Equity Loans

HomeTown can turn your equity into cash.

You’ve worked hard to gain valuable equity in your home. Now, let the equity work hard for you. With a HomeTown Home Equity Loan, your loan decision is simple and it can be used to pay for home improvements, college tuition, wedding costs, or even to consolidate your debt. 

Home Equity Loans

These loans are paid out in one lump sum, so you can pay for your large purchase, all at once. Rates are also typically lower than your standard credit card, so instead of charging the purchase, apply for a Home Equity to save you money!

  • Borrow up to 90%* of your home’s value
  • No or low closing costs
  • Fixed rates
  • Terms up to 180 months

Payment Example: A 72-month, $40,000 Home Equity Loan at 6.80% APR could cost you as low as $679 per month!*

Apply for a Home Equity Loan   Check Home Equity Loan Rates

*Rates subject to change and are based on creditworthiness. 6.80% APR rate is based on $40,000 loan with 72-month term. Minimum term is 60 months and maximum term is 180 months. Minimum loan amount is $5,000 and maximum loan amount is $250,000. Late payment fees of $25.00 and processing fees may apply and would be above and beyond the initial loan cost. Home Equity can borrow up to 90% LTV if you are qualified. Please see loan department for approval and more details.

Home Improvement Loans

HomeTown’s Home Improvement Loan has you covered if you want to improve on a home you already love. Build a gourmet kitchen, add an addition or renovate the master suite. It’s all possible… and all with competitive rates and low fees.

Renovation Refinance Loan

  • Refinance to include the cost of repairs and improvements
  • Borrow at least $10,000 for home improvements

Purchase Renovation Loan

  • Loan includes purchase price and renovation costs
  • Perfect for pre-purchase inspection or appraisal work order repairs
  • $35,001 Minimum Renovation Amount

Apply for a Home Improvement Loan 


Featured Rates