Home Equity Loans
Your home is a valuable asset and at North American State Bank, we have a variety of loan products to help you use the equity in your home for debt consolidation, home improvements, vacations, and more!
Home Equity Line of Credit
With this revolving line of credit, accessing your home's equity is as convenient as writing a check. A home equity line of credit allows you to borrow for a variety of needs and the interest may be tax-deductible (consult your tax advisor). Also, its revolving nature allows you to take out just what you need, when you need it. Then repay and reuse as life demands. So plan away ... we'll help make it happen. Contact one of our mortgage bankers to start the application process today.
Home Equity Loans
With a home equity loan from North American State Bank, you can take out a portion of the equity your home has acquired for use however you please and pay it back with a term that works for you. The payments may be tax-deductible too, which can make this a smart financing strategy for home improvement projects, a new business and more. Apply today by contacting one of our mortgage bankers and check with your tax advisor for the tax benefits available to you.
MN Housing Fix-Up Fund Loan Program
The Fix-Up Fund is a statewide program that offers affordable, low-interest fixed rate home improvement loans. Why choose MN Housing?
- Affordable, fixed interest rates with loan amounts from $2,000 to $50,000
- For loans secured with a mortgage, higher loan-to-value ratio than traditional loans
- Longer repayment terms mean lower payments
- Lower interest rate for a secured energy/accessibility loan
Contact one of our mortgage bankers to discuss which home equity loan product best fits your needs.