Making Any Dream A Reality
A $0 down payment program for first time home buyers.
(Must be located in Pima County)
Home Equity Loan vs. HELOC: What's the Difference?
A HELOC is similar to a credit card. With this revolving credit line, you have an amount of money available to for you to borrow and pay back, but you can take what you need as you need it. You’ll also only pay interest on the amount you withdraw.
With the flexibility of a HELOC, you can borrow as much or as little as you need. A HELOC can be a good source of money for anything you might need extra funds for including vacations, debt consolidation, college planning, and more.
Home equity loans usually have a fixed interest rate, which means the payment is the same each month. Your loan payment will be in addition to your existing mortgage payment.
Since it’s a lump-sum, a home equity loan can be a good source of money for major home projects and one-time expenses.
Check the value of your home with our home equity calculator.
Your next home project, adventure, and more awaits.
To learn about our mortgage rates* click Let’s Chat in the bottom right corner to connect with a Member Advocate. *Mortgage rates are subject to change daily and can increase based on loan amount, loan to value and credit score.
Get our Home Equity Checklist for your convenience below.
