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Home Equity Loans

Use your home's equity to remodel, buy a car and so much more.

Home Equity Line of Credit

A home equity line of credit is a revolving line of credit you can use when you need it; you only repay what you use.

Apply for a HELOC


Uses of a HELOC

A Home Equity Line of Credit is a perfect loan for many purposes in your life. We like to call it a life style loan.

Make home improvements or build an addition.

Help pay for college expenses.

Pay off and consolidate high interest rate debt.

Purchase a new car and set your own payment schedule.



Our HELOC Has Simple Conditions

A Home Equity Line of Credit is easy to understand and manage.

Maximum Loan to Value Ratio (LTV): 85% • Minimum Loan Amount: $10,000
Closing Costs: Home Equity Line of Credit - $350 + appraisal fee (only when applicable)


Benefits of a HELOC

You have access to money for emergencies
Interest may be tax deductible when using a Home Equity Line of Credit (check with your accountant for deductibility)
When paid back, your unused balances become available again • Interest only required each month on outstanding balances


Rates and Terms

Contact a Mortgage Loan Officer at (708) 946-2246 or (708) 258-0530.



Home Equity Loan

Ready to apply?

Ready to start your Home Equity Line of Credit application? Start by clicking the Apply Now link to access our online account application. Apply at your own speed, on your time. Save your application and come back as often as you like. If you have questions give us a call at (708) 946-2246.

Apply for a HELOC



How to Calculate your Home's Equity for
a Home Equity Line of Credit

There is a simple formula for calculating how much equity you have available:

Appraised home value x .85 - current mortgage balance = potential home equity

Here's a real-life example assuming your home's appraised value is $150,000 and your current mortgage balance is $70,000:

($150,000 x .85) - $70,000 = $57,500 potential lendable home equity


View our Mortgage Calculators

Use our calculators to view terms and payments you're looking for.


Home Equity Checklist

You will need to following items to start the process for your HELOC.

Home Equity Checklist
Home Equity ChecklistItems
All applicants
  • Real Estate Loan Application - We'll provide and help you complete
  • 30 days of consecutive pay stubs
  • 2 of your most recent bank statements
  • 2 most recent federal income tax returns
  • 2 most recent W-2 forms
  • Home Owner's insurance information
If self-employed
  • Last year-end financial statement and current year interim statement

* All offers of credit are subject to credit approval. 


Safe Registry MLO EmployeesNMLS ID #
Nicole Squier, Vice President527672
Tailor Burnes, Mortgage Loan Processor2431194
Susan Springfield, Retail Banking Manager527674
Tammy Hoffman, Chief Administrative Officer1594302
First Community Bank and Trust Bank Identifier460979

* For licensing information, go to


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