Chances are, the value of your home is on the rise, and even if you don’t plan on moving any time soon, it could still mean you’re sitting on a little extra cash — if you need the funds.
We have several options for you to cash in on your home's equity without affecting your first mortgage — from a fixed-rate Home Equity Loan to the convenience of a Home Equity Line of Credit, we can do it all.
A fixed-rate Home Equity Loan allows you to free up the equity in your home and turn it into cash — without affecting the great low rate you already have on your mortgage loan!
You get the entire loan amount up front to use for a specific purpose, and the rate is fixed, so you can rest assured it won't increase during your repayment period. With low monthly payments and terms up to 15 years, it’s a great way to finance large expenses.
- Great for debt consolidation, college tuition, vehicle purchase, substantial home improvements or other large purchases
- Get the entire loan amount up front—all at once—for a specific purpose.
- Low fixed rate and fixed monthly payments
- Minimum term period of 5 years
- Maximum term period of 15 years
- Borrow up to 85% of your home’s appraised value**
- No annual fee
- No upfront closing costs or fees if your loan is $25,000+***
- Interest may be tax deductible. Consult a tax advisor for details.
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Home Equity Loan Rates
Paying a higher rate on your Home Equity Loan?
We may be able to lower your rate and save you money.
Refinance Now Estimate Your Savings
Save even more
Receive a 0.25% APR* discount off of our published, non-promotional Home Equity Loan rate with: a Money Market Yield Account, direct deposit of any amount into an Advantage Checking account, or direct deposit of $500+/month into a Preferred Checking account.
A Home Equity Line of Credit allows you to convert your home’s equity into a line of credit to use as you need it for ongoing expenses — without affecting the great low rate you already have on your mortgage loan!
Only access what you need — the rest offers a safety net for unexpected future expenses. With a variable rate lower than most credit cards, a First Northern Home Equity Line of Credit helps you save money.
- Great for ongoing expenses like remodeling your home, paying for college tuition, and handling the unexpected
- Flexible line of credit to use as needed
- Payments vary based on variable interest rate and amount drawn
- 10-year draw period and 10-year repayment period
- Borrow up to 85% of your home’s appraised value**
- No annual fee
- No upfront closing costs or fees if your initial advance is $25,000 or greater***
- Interest may be tax deductible. Consult a tax advisor for details.
APPLY NOW Estimate Your Payments
Home Equity Loan Rates
Paying a higher rate on your Home Equity Line of Credit?
We may be able to lower your rate and save you money.
REFINANCE NOW Estimate Your Savings
Need to borrow up to 100% of your home’s equity?
Our Home Access Loan or Home Access Line of Credit may be right for you.
- Borrow up to 100% of your home’s equity**
- No annual fee
- Interest may be tax deductible. Consult a tax advisor for details.
- More affordable rates than personal loans for large expenses
- Optional Debt Protection coverage available (Home Access Loans only)
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Home Access Loan Rates
Home Access LOC Loan Rates