You've built the equity in your home. Now, make the most of it.
The Statewide Bancorp Home Equity Loan is a fixed-rate second mortgage that gives you access to up to 90% loan to value of the equity you’ve built in your home. So if your equity is $100,000, you can borrow up to $90,000. It’s money you can use for just about any purpose.
Borrowing against your equity also allows you to access just the amount you need, without refinancing or affecting your current low-interest first mortgage.
Even better, we can often close a Home Equity Loan in just days, not weeks, helping you get the money you need when you need it. Loans are available from $25,000 up to $250,000. So take a few minutes now to find out how much you’re eligible to receive.
A Home Equity Loan can be the right choice to:
Consolidate high-interest credit card debt – at a lower interest rate
Buy a second home – with as little as 5% down
Make improvements – to increase the value of your home
Pay for college – so your children get the education they deserve
Get the cash you need for a large purchase - it’s really up to you