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Home Equity

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!

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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

 

Home Equity 84 Month Loan Special  

*APR = Annual Percentage Rate (APR). The fixed rate payment per $1,000 borrowed for 84 monthly payments is $12.76.  Available on single family owner occupied primary residence as a 1st lien only.  Maximum loan to value ratio 75%.  Maximum loan amount 150k.  Offer is subject to credit approval and rates subject to change without notice. Consult your tax advisor for further information regarding the deductibility of interest and charges.

*Consult a tax advisor.
Finance your needs the way you want.