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Home Equity Lending

Qualify for a loan or line of credit based on your available home equity

Home Equity Lending Overview

Qualify for credit just for being a homeowner.

If you own your home, you could qualify for a loan or line of credit to spend however you want. You’ll qualify based on the amount of equity in your home.

Use this credit however you like—to make a big purchase, take a vacation, use for your child’s college education, and more.

Our lending team will work to understand your needs and outfit you with the perfect solution. 

 

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Special Offer

Take advantage of special rates in 2021

Until the end of the 2021 year, we are offering a special introductory rate for new Home Equity Lines: 1.99% APR* for 12 months after opening—variable-rate thereafter, currently 4.00% APR.** Contact your banker through the form below:

 

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Here's what you need to know.

Home Equity Lending

  • No annual fees 
  • Competitive rates
  • Quick, easy application process
  • Local loan approvals
  • Term loans and lines of credit available

 

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*Offer limited to new Home Equity Lines, not available on existing b1BANK Home Equity Line of Credit or Home Equity Loan.  The introductory rate for the Home Equity Line of Credit is available for the first (12) full calendar months after your line is established.

**Following the introductory period, the Home Equity Line of Credit annual percentage rate (APR) is based on The Wall Street Journal Prime Rate (the “Index”) plus a margin of 0.75%.  Based on creditworthiness additional pricing adjustments may increase the APR by an additional 2.5%.  As of 7/8/21, APRs range from 3.75%-6.25%.  Home Equity Line has a fixed origination fee of $250 and any third-party attorney and recording fees apply.  Repayment is 60 months to 120 months interest only.  No Annual Fee.  Prepayment Penalty for Louisiana residents is the lesser of 2% of the initial credit limit or $500, if the Home Equity Line is paid in full and closed in the first 24 months from account opening

Important Information for Texas Residents: Texas laws impose certain restrictions on loans and lines secured by a lien on your home. In Texas, each individual advance from your line of credit must be in an amount of at least $4,000. The maximum amount of your new home equity line or loan, when combined with the dollar amount of all other liens on your home, may not exceed 80% of the fair market value of your home on the date your home equity line or loan is made.  Only one home equity line or loan is allowed on the home at a time and no more than one home equity line or loan may be made on the home within a 12-calendar month period.  Overdraft options and check access is not available in Texas. Other restrictions apply.  See banker for details.

Looking to make a big purchase but prefer to hold onto your cash? b1BANK’s Secured Loans allow you to do just that.

See Secured Loans

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