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Use Your Equity to Start Something Bigger.

To update, renovate, consolidate debt, even cover education costs, there are affordable ways to help you finance it.

With a Home Equity Loan, you borrow a lump sum of money that is paid back over a fixed term at a fixed rate. It’s often a good choice for a specific large expense.

With a Home Equity Line of Credit, you have access to a certain amount of credit to use on an as-need basis for a limited term. It has an adjustable rate, but you only pay for what you use. It’s a good option for more flexibility or for emergency funds.

We’ll help you make the money-saving choice that’s right for you, each with no closing costs3 and the loan balance qualifies to grow your Owners’ Dividend.4

Calculate how much you could save and apply today!

1: HOME EQUITY LOAN: Annual Percentage Rates (APRs) shown are current as of 3/1/21 and are subject to change without notice. Rates are available to new accounts only and are subject to credit approval. Actual rates may vary. Minimum loan amount is $5,000 up to $250,000, a maximum loan-to-value ratio of up to 80%, terms between 121-180 months and ESL listed as the first lien holder on the property. There are other rates available for a loan-to-value exceeding 80%, for terms between 48-240 months and other ESL lien position. Payment example on a 15-year term, first lien position, fixed-rate loan of $50,000 at 3.25% APR (as of 3/1/21), 180 monthly payments, has a payment of $351.33. Payment example does not include amounts for taxes or insurance premiums; actual payment obligation will be greater.

2: HOME EQUITY LINE OF CREDIT: Rate shown as of 3/1/21 and is subject to change without notice. The introductory rate is fixed for 12 months from the time of closing. Thereafter, the contract rate is based on Prime Rate plus your contract margin and may vary monthly but never exceed 15.9%. The Prime Rate was [current prime rate] as of [current prime rate date] and rate featured is based on a loan-to-value ratio up to 80%. There are other rates available for a loan-to-value exceeding 80%. Minimum line amount is $5,000. Offers are for new accounts only.

3: ESL pays for all closing costs and fees. However, if you close your account within the first 36 months of your account open date, you must reimburse us for actual costs and fees paid in connection with opening your account. Property insurance and flood insurance, if applicable, are required.

4: Qualification for the Owners’ Dividend is subject to eligibility requirements. Payment of a Dividend is not guaranteed.