Home Equity Loans

• Competitive rates for several short-term or one-time needs:
  • Education expenses
  • Major life events
  • Home remodel projects
  • Debt consolidation
  • And much more
• The existing equity in your home is used as collateral backing
• The interest paid might be tax deductible¹
• Repayment terms customized to fit your unique needs
• Local decision-making and processing
• Attentive, friendly service from start to finish

¹Consult a tax advisor.

• A flexible credit line for planned and unexpected expenses
• Lower interest rates than most loans and credit cards¹
• Quick and easy access to money you need, when you need it
• The existing equity in your home is used as collateral backing
• The interest paid might be tax deductible²
• Low monthly payments
• Set up automatic payments to be deducted from your account monthly
• Write up to 24 checks from this account per year
• Annual fee of $45³
• Repayment terms tailored to fit your needs — up to 120 months
• No minimum loan balance requirement
• No initial draw requirement
• No prepayment penalties
• Local decision-making and processing
• Attentive, friendly service from start to finish

¹Variable APR is based upon the Wall Street Journal Prime Rate. The minimum APR is currently 5%. Maximum APR is 18%. Other rates and terms available. Property, title, and/or flood insurance may be required.

²Consult a tax advisor.

³Borrower must pay all applicable closing costs, which can range from $0 to $450.

*For owner-occupied, single-family primary residence only--no rental properties, with equity of up to 80% loan to value. Subject to credit approval. Variable interest rates and terms are subject to change without notice. Sutton Bank NMLS #458322. Member FDIC, Equal Opportunity Lender.