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Your Home, Your Equity

Your home is a source of potential waiting to be explored. ESL Home Equity solutions offer you the opportunity to leverage the value of your homes equity for a range of purposes, whether it's home improvements, significant life events, or managing higher-interest rate debt and consolidating credit card expenses.

With a Home Equity Line of Credit, you leverage the value of your home to borrow more at competitive, lower-interest rates, providing you with flexible and accessible funds to use as needed.

Home Equity Line of Credit

Flexible & Accessible

Special Introductory Rate 12 Months at
4.50%APR1
with an LTV up to 90%.
THEN
9.00%APR1
with an LTV up to 80%.

With a Home Equity Loan, you borrow from the available equity in your home with a fixed, monthly repayment amount to simplify budgeting and planning.

Home Equity Loan

Fixed & Steady

7.50%APR2
with an LTV up to 80%.

 

Home Equity Loan vs Home Equity Line of Credit

What’s the difference, and which one is right for you?

Learn More

 

Save & Earn More with ESL Home Equity Solutions

  • Leverage the enhanced value of your home to secure higher borrowing potential at competitive, lower-interest rates.
  • Enjoy the benefits of no closing costs and no annual fees.3
  • Unlock the potential to earn more each year through our ESL Owners’ Dividend4 program.

Explore the possibilities with ESL Home Equity — Apply today.

1: HOME EQUITY LINE OF CREDIT: Rate shown as of 3/1/24 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 and subject to credit approval. Actual rates may vary.

2: HOME EQUITY LOAN: Annual Percentage Rate (APR) shown as of 12/14/23 and is subject to change without notice. The rate featured is based on a loan-to-value ratio of up to 80%, terms between 121-180 months and ESL listed as the first lien holder on the property. Payment example on a 15-year term, first lien position, fixed-rate loan of $50,000 at 7.50% APR (as of 12/14/23), 180 monthly payments, has a payment of $463.51. Payment example does not include amounts for taxes or insurance premiums; actual payment obligation will be greater. There are other rates available for a loan-to-value exceeding 80%, for terms between 48-240 months and other ESL lien positions. Minimum loan amount is $5,000. Rates are available to new accounts only and subject to credit approval. Actual rates may vary.

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.