Get extra funds without working overtime. From daily chores to major renovations, you put a lot of work into your home. Use that sweat equity as collateral to secure a loan or line of credit. Competitive rates ensure you won’t break the bank, and the interest you pay may even be tax deductible!* Take care of a variety of one-time or ongoing needs, including home improvements, debt consolidation, education expenses, and more! 

Summary

Home Equity Loans

  • Competitive rates for several short-term or one-time needs:
    • Education expenses
    • Major life events
    • Home remodel projects
    • Debt consolidation
    • And much more!
  • Use existing equity in your home as collateral backing
  • Accommodating repayment terms ranging from one to 15 years
  • The interest paid might be tax deductible*
  • Local decision-making and processing
  • Helpful, customized service throughout the entire process
 

Home Equity Lines of Credit

  • Competitive rates for several ongoing or seasonal needs:
    • Education expenses
    • Major life events
    • Major home improvements
    • Debt consolidation
    • Emergency reserve
    • And much more!
  • After introductory period, your rate reverts to the higher of our current floor rates or the prevailing prime rate
  • The existing equity in your home is used as collateral backing
    • Equity can come from owner occupied and non-owner occupied homes
  • Accommodating repayment terms ranging from one to 15 years
  • Funds available anytime without reapplying; apply once, then use repeatedly thereafter
  • Revolving credit – as principal is repaid, more becomes available to use
  • Funds easily available via in-person or phone transfers to a specified Citizens Savings Bank checking account
  • The interest paid might be tax deductible*
  • Payments recalculated monthly based on outstanding balance
  • Local decision-making and processing
  • Helpful, customized service throughout the entire process

*Consult a tax advisor.