If you need financing for home improvements, school tuition, debt consolidation, or any other reason, our home
equity loans may be right for you. The amount of money you can borrow depends on the equity you have in your home.
Home Equity Line of Credit (HELOC)
A HELOC, or Home Equity Line of Credit, is an open-end revolving line of credit secured by the equity you have
built up in your home. Qualified applicants may borrow up to 100% of the assessed value of their home, less any liens. These lines
of credit are available up to 25 years at a
competitive variable rate
. Your minimum monthly payment is 1% of your balance.
Another option is our 5-year Fixed Home Equity Line of Credit (HELOC).
It has the same terms as our regular HELOC, however it has one additional perk that the first 5 years are fixed at today’s 5 year balloon rate.
Closed-end Home Equity Loan
A Closed-end Home Equity Loan is a one-time loan advance. Qualified applicants may borrow up to 100% of the assessed value of their home, less any liens. These fixed rate loans can be
amortized up to 15 years with a 3, 5, 7 or 10-year balloon payment. When the balloon balance is due, you can pay off the
balance or refinance.
Home Equity Loans have a possible tax benefit. Consult your tax advisor to determine if your Home Equity Loan
provides you with a tax benefit.
Home Improvement Loan
A Home Improvement Loan from Veridian allows you to finance your Home Improvement without the equity in your home. Without equity, you may borrow up to $7,500 with terms up to 60 months.
With equity, secure financing for up to 133% of your home's value, to a maximum of $250,000 with a 3, 5, 7 or 10-year balloon loan. Terms are available up to 15 years.
Sometimes refinancing your home is an alternative to a home equity loan. To find out more, visit our
for a customized quote.
Contact us for more information on Home Equity Loans from Veridian, or
schedule a call with a Home Equity Specialist, and we'll call when it's convenient for you.
Check out our handy checklist of things to bring when you apply.
Calculate your monthly loan payment with our online calculators.