Home Equity Loans
Life is full of surprises
Use your home’s equity for whatever comes your way.
Questions? We can help.
Benefits of Using Your Home’s Equity
Flexibility of use
Use the equity in your home for home renovations or repairs, college tuition, consolidating debt, vacations, and more – you decide!
Personal attention & first-class service
Within 24 hours of applying, a personal lender will reach out to get the process started and will be available to chat whenever you have questions. To speak with an experienced personal lender, book an appointment.
Quick & easy application process
Most applications can be processed entirely online in just minutes and do not require a home appraisal.
Nicole
WisconsinToday’s rates
Home Equity Line of Credit (HELOC)
Standard HELOC
Interest-Only HELOC
Home Equity Loan
Calculators
- Home Equity Line of Credit How much can I borrow?
- What’s the monthly payment? Plug in a few details to determine the cost of your monthly loan payment.
- What’s my debt-to-income ratio? DTI is a factor when you apply for a new loan. Learn yours now.
Which Home Equity product is best for you?
| Home Equity Loan | Standard HELOC | Interest-Only HELOC | |
|---|---|---|---|
| Helpful If | You need a specific amount right now | You need money over time | You need money over time |
| How it Works | Borrow up to 90% of your home’s equity and receive all the money at signing | Borrow money as you need it up to your line of credit limit | Borrow money as you need it up to your line of credit limit |
| Rate Type | Fixed | Variable | Variable |
| Available Terms | 60-180 months | 15 year draw, 15 year repayment | 15 year draw, 15 year repayment |
| Minimum Payment | Dependent on loan details | 1.5% of amount borrowed ($25 minimum) | Interest-only payment based on amount borrowed |
Learn more about Home Equity
NerdWallet Names Connexus Best Mortgage Lender for HELOCs
For the fourth year in a row, Connexus has clinched a top spot on NerdWallet’s Best-Of Awards list. Find out why Connexus won and what sets our Home Equity Lines of Credit (HELOCs) apart from our competitors.
Home Equity 101: Everything You Need to Know
How much do you know about home equity? We’ll break down the key factors, so you can make the most of this resource whenever you need it.
The Differences Between Home Equity Products
Find out the differences between Home Equity Loans and Lines of Credit, and discover what they’re commonly used for.
FAQs: You asked. We answered.
Home Equity Loans & HELOCs
Can I protect myself with Life, Disability, and Unemployment coverages on my loan?
Yes, debt protection is available for all Home Equity Loans and Lines of Credit. See more info about our coverages or start a claim now.
Can I get a Home Equity Loan or HELOC for my second home or one of my investment properties?
We do not offer Home Equity Loans or HELOCs for investment properties; however, you can get a Home Equity Loan or HELOC for a second home if the property meets our eligibility standards. Eligible property types include primary residences and second homes (located at least 50 miles from the primary residence). Properties must be one of the following: single-family homes, 2-4-unit condominiums, owner-occupied duplexes, or townhouses.
Can I get a Home Equity Loan or HELOC anywhere in the United States?
You can get a Home Equity Loan or HELOC for properties throughout the United States, with the exception of properties in Hawaii, Alaska, Maryland, and Texas.
How are my HELOC payments determined?
Your payment will be 1.5% of the amount borrowed. If you have a credit limit of $20,000, but only draw out $5,000, you would pay 1.5% on the $5,000 balance. If you have an interest-only HELOC, the monthly payment will be the interest accrued during the month.