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Eaton Fed

Home Equity Loans & Lines of Credit

Putting your equity to work.

When you want to tackle a home improvement project, consolidate debt, fund a college education, or are simply facing unexpected expenses, the equity in your home can work for you. A home equity loan or line of credit can be used for just about anything, and the interest is often tax deductible1.

Home Equity Loan

If you know the total cost of the expense and you have a specific time frame, consider a home equity loan.

  • Borrow up to 90% of your home’s value
  • Use the funds for just about any purpose
  • Available up to a 15 year term
  • Fixed interest rate, equal monthly payments
  • Low upfront costs2
  • Payments and rates typically below other consumer loans3

Home Equity Line of Credit

Do you have a project in mind, but you’re not sure what the costs might be? With a Home Equity Line of Credit (HELOC) from Eaton, you can access the line of credit in a number of ways, whenever you need, at any time during the draw period.

  • Borrow up to 90% of your home’s value
  • Interest charged only on the outstanding balance
  • Competitive variable rate that is tied to the Prime Rate
  • Rates typically less than other types of revolving consumer debt such as credit cards2

How Do I Make a Loan Payment?

Making payments on your Eaton Community Bank loan are convenient and easy. There are several options to choose from:

  • Online Banking - transfer payment from your Eaton deposit account, or an external account. Register for Online Banking here.
  • Automatic monthly payments - which can easily be set up by Contacting Us.
  • By mail or in-person - make your monthly payment by mail or in-person at any branch. Find your nearest location here.

Get Started Today.

View our current rates and financial calculators. Ready to apply? Contact our Lending Team to get started.

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1.For most borrowers, interest is tax deductible. To determine if interest is deductible for you, consult a tax professional.
2.Nominal $100 processing fee, plus we cover the cost of credit reports, title insurance and recording fees.For many borrowers, there is minimal out of pocket cost.
3.Rate subject to credit approval and a higher rate may be charged based on the applicant(s) credit scores.

Eaton Fed

Is a home equity loan right for you?

Understand uses and get to know the home equity loan process in our Financial Education Center.

Learn more


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