Experience financial flexibility by leveraging your home’s value for renovations, investments, or anything else you want to tackle at home.
Limited-Time Home Equity Rate Offer
How Much Could Your Payment Be?
See Your Estimated Monthly Payment2
| Loan Amount | HELOC Payment2 | Home Equity Payment2 |
|---|---|---|
| $10,000 | $108.25 | $183.43 |
| $20,000 | $216.50 | $366.68 |
| $30,000 | $324.75 | $550.29 |
Home Equity Loan Application Process
2
Get Approved
A local lender will review your application and provide a decision.
3
Access Your Funds
Once approved, access your funds the way that works for you.
Home Equity Loan vs. HELOC: Which One Fits Your Needs?
| Features | Home Equity Loan | HELOC |
|---|---|---|
| Uses your home as collateral | ✔ | ✔ |
| Fixed interest rate | ✔ | ✖ |
| Borrow up to 85% of your home’s value | ✔ | ✔ |
| Receive money as a lump sum | ✔ | ✖ |
| Continuously receive funds as needed | ✖ | ✔ |
| Can be used again and again | ✖ | ✔ |
| Fees & Costs | Home Equity Loan | HELOC |
| Up to $350 off closing costs1 | ✔ | ✔ |
| $15 annual maintenance fee applies | ✖ | ✔ |
| No penalty for early payoff | ✔ | ✔ |
What Can a Home Equity Loan Be Used For?
Leverage your home's equity to finance life's major expenses.
Home Renovations
Enhance your living space and increase your home’s value.
Debt Consolidation
Combine high-interest debt into one payment.
Education Expenses
Cover tuition, books, or other educational costs.
Major Purchases
Finance life’s big moments with a flexible loan.
FAQs About Home Equity Loans
Get answers to common questions about home equity loans and how they work.
How much can I borrow with a home equity loan?
You can typically borrow up to 85% of your home’s value, depending on your credit and income.
What’s the difference between a home equity loan and a HELOC?
A home equity loan provides a fixed amount upfront, while a HELOC works like a credit line you can draw from over time.
What Is a Home Equity Loan?
A home equity loan lets you borrow a lump sum using the equity you’ve built in your home. It comes with a fixed interest rate and a set monthly payment, making it easier to plan your budget.
You get the funds up front, then repay over a set term. It’s a solid option if you know exactly how much you need and want predictable payments.
What Is a HELOC?
A Home Equity Line of Credit, or HELOC, gives you flexible access to funds using the equity in your home. Instead of borrowing a lump sum all at once, a HELOC works more like a credit card—you draw what you need, when you need it, up to your approved limit.
You’ll typically pay interest only on the amount you use during the draw period, with a variable interest rate. It’s a smart option if you have ongoing projects or want a safety net for unexpected expenses. When the draw period ends, you’ll begin repaying the balance over a set term with regular payments.
What Do Banks Consider When You Apply for a Loan?
When you apply for a loan, banks look at your overall financial picture to decide if the loan is a good fit. This includes your credit history, income, existing debts, and how much equity or collateral you have (if required).
They want to see that you can repay the loan comfortably, based on your current financial habits and stability. The stronger your track record, the better your chances of approval and favorable terms.
Mallory was incredibly helpful and professional throughout the loan process, providing excellent knowledge and guidance.- Wael A.
Make the Most of Your Home’s Equity
Unlock your home’s equity with FSB’s competitive rates and flexible terms.1 Use it for home improvements, debt consolidation, or other major expenses.
Get the Support You Need
Need more information? Fill out the form below, and a banker will help.
Fast Approvals, Competitive Rates
Drive away in your dream car with fast approvals and rates designed to keep your payments low and manageable.
Home Equity Disclosures
†All rates are subject to change without notice. FSB is not responsible for typographical errors or omissions.
1To qualify for a fixed rate Home Equity Line of Credit (HELOC) at 6.99%, with up to $350 off closing costs; you must have a credit score of 700 or greater, a total loan to value ratio up to 85%, payments auto debited from an FSB checking account and a minimum loan amount of $10,000. Closing Costs reimbursed up to $350.00. Loan proceeds cannot be used to refinance an existing FSB loan, unless the new loan is increased a minimum of $10,000. The unpaid principal balance and accrued interest will be due as a balloon payment at maturity in 60 months for HELOC’s, with $100 minimum monthly payment required. All other home equity loans will mature at 66 months. $100 minimum monthly payment required. Payment does not include taxes and insurance. Proof of property insurance is required at the time of closing. An annual maintenance fee of $15 will apply to HELOC’s. Must be 18 years or older to apply. Loan subject to credit approval. Other rates, terms and payment options are available. Promotion expires on 06/30/2025.
1To qualify for a fixed rate Home Equity Line of Credit (HELOC) at 6.99%, with up to $350 off closing costs; you must have a credit score of 700 or greater, a total loan to value ratio up to 85%, payments auto debited from an FSB checking account and a minimum loan amount of $10,000. Closing Costs reimbursed up to $350.00. Loan proceeds cannot be used to refinance an existing FSB loan, unless the new loan is increased a minimum of $10,000. The unpaid principal balance and accrued interest will be due as a balloon payment at maturity in 60 months for HELOC’s, with $100 minimum monthly payment required. All other home equity loans will mature at 66 months. $100 minimum monthly payment required. Payment does not include taxes and insurance. Proof of property insurance is required at the time of closing. An annual maintenance fee of $15 will apply to HELOC’s. Must be 18 years or older to apply. Loan subject to credit approval. Other rates, terms and payment options are available. Promotion expires on 06/30/2025.
2The above example is based on a 6.99% APR for HELOC’s, making this minimum payment each month does not guarantee that loan will be paid off at maturity; and 6.99% APR on a closed end home equity with a 66-month maturity. All loan examples are based on a credit score over 700 and a loan to value of 85% or less.
