Don’t put your home improvements on hold.

Love the home you live in with a Home Equity Line of Credit (HELOC).

Your home isn’t just a home—it’s an investment that can give in big ways. A HELOC can be useful if you're planning a significant project with considerable expenses or if you want ongoing access to funds. You get flexible repayment options and a lower rate than other financing options like credit cards.

If you have equity in your home, you can use it as collateral to secure funds for almost anything you need. You'll only pay interest on the amount you use—plus, you’ll be borrowing at a lower interest rate than most personal loans or credit cards.

Apply for a Home Equity Line of Credit today. 

Get Started

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With a HELOC, you can:

  • Get flexible access to cash to manage unexpected expenses
  • Pay for education expenses
  • Order checks linked to your account for easier spending
  • Possibly deduct interest from your taxes—please consult your tax advisor

Apply Now

Variable Rates as Low as

3.74% APR*

Calculate Your Payment

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Calculate loan payments, mortgages, savings and more with our mobile-friendly set of calculators.

Use this tool to:

  • Discover the equity in Your Home
  • Calculate a Home Equity Loan payment
  • Calculate a Home Equity Line of Credit payment
  • Learn about using your home equity for a major purchase
  • Compare loans and lines of credit
  • Learn about debt consolidation options

Get Started

More Lending Options

Personal Line of Credit (PLOC)

A PLOC is a revolving, open-end line of unsecured credit that gives you access to your available credit line on an ongoing basis. Whether it's tackling some home improvements or consolidating higher-interest rate debt, a PLOC may give you instant access to your available credit when you need it.

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Personal Loan

Get the money you need to do the things you want. A personal loan is an installment loan that provides funds that borrowers can use for almost any purpose, such as debt consolidation, special events or unplanned expenses.

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Home Equity Loan

A home equity loan is worth considering if you have a large, one-time expense or want to consolidate debt and focus on paying it off. By using your home as collateral for your home equity loan, you’re able to borrow money at a fixed rate that’s lower than many other types of loans.

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Assumptions and Examples

The bank offers home equity lines of credit with variable APR as low as 3.74% on line amounts of $50,000 or greater. Term is a 10-year draw/interest-only period followed by a 10-year fully amortized repayment.

*APR is the Annual Percentage Rate. APR quoted assumes excellent borrower credit history. We will set your initial variable APRs based on your individual circumstances, including your credit history, loan amount, and our internal credit criteria. Line of credit rates are variable and will be calculated by adding a margin to the Wall Street Journal Prime Rate as published in the Wall Street Journal. As of 4/14/21 the Wall Street Journal Prime Rate was 3.25%. APR range is 3.74% -10.24%. Maximum APR is 18%. All loans and lines of credit are subject to credit approval, verification, and collateral evaluation. Rates and terms are subject to change without notice. Other terms available. The maximum line plus other liens cannot exceed 80% of the home's fair market value. Offer does not include manufactured homes. Broadway Bank must have a valid first or second real estate lien under Article XVI, section 50 (a)(6) of the Texas Constitution. The property must be your primary residence and occupied by you. Property insurance will be required including flood insurance where applicable. Standard closing costs of $250-$350 may include a title search, credit report, flood certification, property inspection and filing fees. Other closing costs can range from approximately $500 (on lines up to $250,000) to $4,000 (on lines greater than $250,000 up to $350,000). You will receive a lender credit of $200 toward closing costs. Minimum line amount is $25,000. Minimum advance is $4,000. Lending area and other restrictions apply.


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