Compare Home Equity Loans

If you are looking to borrow against the equity in your home, then we have the right option for you.

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    Home Equity Line of Credit

    A Home Equity Line of Credit (HELOC) allows homeowners to tap into the equity in their home to help make improvements, consolidate debt, add new space, or even pay for new adventures. Like a credit card, HELOCs offer the flexibility to borrow when you need to. 

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    Home Equity Loan

    A home equity loan is worth considering if you have a large one-time expense, or if you want to consolidate debt and focus on paying it off. It offers fixed rates and a steady repayment schedule for the life of the loan.

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Learn About Home Equity

  • Which home equity loan is right for you?

    Home equity is the difference between your home's market value and the amount you owe on your mortgage. With a Horizon Bank Home Equity Line of Credit or Term Loan, you have flexible options to achieve your goals. You can renovate and improve your home, consolidate debt, finance education, and make major purchases.  Compare your options.

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  • What about Payments?

    A Home Equity Line of Credit Loan works like a credit card that can be repeatedly used and repaid in monthly payments.  With a Home Equity Term Loan, you pay a fixed interest rate. One of the main benefits of a fixed rate is that whether interest rates rise or fall, your monthly payments won't be affected.

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We're here to help.

If you can’t find what you’re looking for, let us know. We’re ready to help in person, online, or on the phone.

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Document Checklist

When applying for a home equity loan, we will ask you to provide the documents that are required for us to make a decision on your loan application. We understand this can feel daunting. Our priority is to make it clear what is required, and to gather this information from you at one time allowing us to source the most appropriate mortgage options for your review, at the most competitive terms.

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Make a loan payment.

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    Pay Online

    Log in to online banking to make your payment from your Horizon account or from an external account outside Horizon.

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    Loan Pay Portal

    Make fast one-time payments using Horizon's self-service loan portal.
    (cannot be used for business payments)

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    Visit a Branch
    Stop by your nearest Horizon Bank branch to submit your payment in person.
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    Video Banking Location

    Use one of Horizon's Video Banking locations.  Video banking machines have extended hours and combine the service of a Horizon advisor with the convenience of an ATM. 

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Home Equity FAQs

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*HELOC Disclosure

Introductory APR (Annual Percentage Rate) will be fixed at 6.00% APR for the first 6 months for those lines with up to 89.9% loan to value (LTV). Thereafter, the rate may vary. The rate is based on credit score, LTV and Prime Rate + 0.25%. The Prime Rate equals the highest Wall Street Journal (WSJ) prime rate as published in the WSJ effective the date the 6-month introductory period expires. WSJ prime rate effective 12/11/2025 is 6.75%. Example: credit score of 730+ and LTV of 70% or less will have a rate of 7.00% as of date of publication following the introductory period. Maximum rate is 25%. APR will not fall below a floor of 3.25%. Annual fee is $50, waived for first year. Reimbursement fee up to $399 applies if line is closed within the first 36 months. Subject to credit approval. Other terms and conditions may apply and are subject to change without notice. Introductory rate not available on home equity lines of credit opened within the last 12 months unless line amount is increased, and a 25% advance is taken at funding. The 25% advance does not include the payoff disbursement. Offer expires June 30, 2026.

Sensible Advice

How to Secure a Home Equity Loan

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Home equity loans act as a second mortgage, providing the funds you need for big purchases, home renovations, college tuition, and more. These loans are calculated based on the market value of your home minus the principal owed on your mortgage. 

Where to Get a Home Equity Loan

The first step to securing a home equity loan is picking a lender. Before picking a lender, consider if a home equity loan is right for you. You’ll need a minimum amount of home equity, a good credit score, and reliable income as regulated by your lender. These factors impact your loan amount, interest rate, and APR, determining where you should get your home equity loan. Horizon Bank offers low-interest rates and additional benefits for ideal applicants.

Steps to Get a Home Equity Loan

  • Apply for the loan. After choosing a lender, you'll have to apply for a loan. Most home equity loan applications are online, making the application process simple and quick.
  • Meet with a loan advisor. Once you’ve applied, you’ll meet with a loan advisor. Make sure you bring tax documents, current mortgage, proof of income, and additional relevant materials. The loan advisor will assess your eligibility for a loan and inform you of interest rates and APR. If you’re eligible, they will appraise and underwrite your loan. 
  • Sign your loan. After meeting with an advisor and agreeing to the loan terms, you will close on your loan and receive your loan funds!

Home equity is the difference between your home's current value and what you still owe on your mortgage. You can use that equity to access funds through a home equity loan or home equity line of credit (HELOC) for projects like home improvements, debt consolidation, or education expenses. A home equity loan provides a lump sum with fixed monthly payments, while a HELOC allows you to borrow and repay funds as needed.

With home values remaining strong, many homeowners have built significant equity, making now a great time to explore their borrowing options. Depending on your goals, refinancing may also be worth considering. Refinancing can potentially lower your interest rate, reduce your loan term, or help you achieve other financial objectives.

Whether you're considering a home equity loan, HELOC, or refinancing, Horizon Bank can help you determine the best solution for your needs. Contact our team today to learn more or view our current home equity rates.

Talk to a Horizon loan advisor today or complete a home equity loan application. 

Call us Contact us Learn more about home equity

How to Secure a Home Equity Loan

Couple looking at paint colors

Home equity loans act as a second mortgage, providing the funds you need for big purchases, home renovations, college tuition, and more. These loans are calculated based on the market value of your home minus the principal owed on your mortgage. 

Where to Get a Home Equity Loan

The first step to securing a home equity loan is picking a lender. Before picking a lender, consider if a home equity loan is right for you. You’ll need a minimum amount of home equity, a good credit score, and reliable income as regulated by your lender. These factors impact your loan amount, interest rate, and APR, determining where you should get your home equity loan. Horizon Bank offers low-interest rates and additional benefits for ideal applicants.

Steps to Get a Home Equity Loan

  • Apply for the loan. After choosing a lender, you'll have to apply for a loan. Most home equity loan applications are online, making the application process simple and quick.
  • Meet with a loan advisor. Once you’ve applied, you’ll meet with a loan advisor. Make sure you bring tax documents, current mortgage, proof of income, and additional relevant materials. The loan advisor will assess your eligibility for a loan and inform you of interest rates and APR. If you’re eligible, they will appraise and underwrite your loan. 
  • Sign your loan. After meeting with an advisor and agreeing to the loan terms, you will close on your loan and receive your loan funds!

Home equity is the difference between your home's current value and what you still owe on your mortgage. You can use that equity to access funds through a home equity loan or home equity line of credit (HELOC) for projects like home improvements, debt consolidation, or education expenses. A home equity loan provides a lump sum with fixed monthly payments, while a HELOC allows you to borrow and repay funds as needed.

With home values remaining strong, many homeowners have built significant equity, making now a great time to explore their borrowing options. Depending on your goals, refinancing may also be worth considering. Refinancing can potentially lower your interest rate, reduce your loan term, or help you achieve other financial objectives.

Whether you're considering a home equity loan, HELOC, or refinancing, Horizon Bank can help you determine the best solution for your needs. Contact our team today to learn more or view our current home equity rates.

Talk to a Horizon loan advisor today or complete a home equity loan application. 

Call us Contact us Learn more about home equity