Home Equity Loans

Use your home's equity for cash

Home Equity (HELOC) Loans are lines of credit that can be used for purchases at your discretion. Interest is paid on HELOC Loans that can be tax deductible.

  • Maximum line of credit amount equals 90% of the value of the home less the amount of the first mortgage
  • HELOCs are revolving lines of credit with a maximum term of 10 years
  • Minimum monthly payment is 2% of the outstanding balance
  • HELOCs are loans that uses your home’s equity for cash
  • HELOCs have lower fees than a refinance or second mortgage loan

 

What you will need to start the process:

  • Signed and completed Home Equity Line of Credit Application and authorizations
  • Copy of paystubs covering the last 30 days for the borrower and co-borrower
  • Copy of W-2's for the 2 most recent years for borrower and co-borrower
  • Copy of tax returns for 2 most recent years
  • Copy of last 2 months bank statements for all accounts listed on the application
  • Contact Us Download the Application

‚ÄčHELOC Disclosure - Download the Disclosure 

HELOC HANDBOOK - DOWNLOAD THE HANDBOOK

 

Meet Our Home Loan Officer


Images.Staff.2016.Chad Herman.jpg

Chad Herman

Real Estate Loan Officer - NMLS #1481079

Chad brings more than 12 years in the mortgage industry to BFH. Having worked in every area of the mortgage department, his behind the scenes knowledge and loan officer experience give him an advantage to really understand the entire mortgage process and make it relatable to his customers. His favorite part of being a... read more

785-458-3176 (Direct)
785-410-9297 (Cell)

chadh@bankflinthills.com