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Home Equity Loans

Home Loans and Credit Home Equity Loans

 Home Equity Loans and HELOCs

When used properly, the equity you’ve built up in your home can be a valuable financial tool to provide you with money when you need it. State Bank of Herscher offers home equity loans and home equity lines of credit, also called HELOCs, which can help you pay for a variety of expenses. Home equity loans and HELOCs have their differences:

Home Equity Loan 

Offered as a non-revolving (term) loan, you’ll receive the full amount of the loan up front. Features:

  • Fund major expenses
  • Receive funds in one upfront lump sum
  • Competitive rates
  • Affordable payment plans
  • Easy to apply
  • Personalized, dedicated service

State Bank of Herscher has experienced lenders who will guide you through every step

Home Equity Application (PDF) 

You will need to download Adobe Acrobat Reader to access this document.


Home Equity Line of Credit (HELOC)

Enjoy the peace of mind that comes with a ready line of credit. A line of credit offers the security of a loan while having the flexibility to use what you need, when you need it. Save money by only paying interest on what you use.

  • Have ready financing with a line of credit that draws from your home equity
  • Easy ways to access funds
  • Draw what you need, when you need it
  • Pay interest only on what you use
  • Competitive rates
  • Affordable payment plans
  • Easy to apply
  • Experienced lenders willing to guide you through each step
  • Personalized, dedicated service

Home Equity Line of Credit Application (PDF)

CFPB Home Equity Line of Credit Informational Booklet (PDF)

You will need to download Adobe Acrobat Reader to access this document.


How to get started:

Complete and print a loan application, then fax or drop off at your nearest State Bank of Herscher location, or contact a Home Equity Lending specialist today to set up an appointment.

Our Lending Specialists

 

Jordan

Jordan Lucht, NMLS ID: 1497904
Phone: (815) 421-4803
Email: Jordan.Lucht@sbherscher.com

Linda

Linda Warmbir, NMLS ID: 886229
Phone: (815) 401-7852
Email: Linda.Warmbir@sbherscher.com

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