Home Equity Term Loans

Leverage Your Home's Value

Scheduling a home improvement project, replacing an HVAC unit or investing in vehicle repairs? Though you may not have considered it, the equity you’ve invested in your home over time can help you access excellent loan rates, which can be leveraged for any number of needs.

Apply Now       Call (865) 541-6007

Rates as low as 2.99%

Leverage Your Home's Value View Rates

Let Your Home Equity Work for You

Repayment Schedules

Our Home Equity Term Loans feature repayment schedules that provide for regular reductions of your balance. Monthly payments are calculated so that the loan will be completely paid by the end of its term, with no balloon payments or renegotiations necessary. Offers are subject to change and hinge on credit and collateral approval.

Home Equity Term Loan Rates

Last update: 9/3/2020

Program NameInterest Rate/ PaymentFees/ ExpensesAPR
7 Year Fixed,
1st Mortgage
2.99%
$1,981.32
$6003.108%
10 Year Fixed,
1st Mortgage
2.99%
$1,447.72
$6003.074%
15 Year Fixed,
1st Mortgage
2.99%
$1,035.15
$6003.048%
7 Year Fixed,
2nd Mortgage*
3.25%
$1,998.40
$6003.368%
10 Year Fixed,
2nd Mortgage*
3.25%
$1,465.39
$6003.334%
15 Year Fixed,
2nd Mortgage*
3.25%
$1,053.72
$6003.308%

Rate, APR & Payment based on a $150,000 loan amount.

Rates, fees, expenses and APR are based on a loan amount of $150,000 for conforming loans and for owner-occupied, single-family dwellings.

  • Maximum loan-to-value ratio of 80%
  • Beacon score of 650 or greater for at least one applicant
  • Rates and terms above apply to primary residence only
  • Non-purchase transactions only
  • Minimum loan amount $10,000/Maximum loan amount $150,000**
  • Property insurance required, including flood insurance (if applicable)

*2nd mortgage only behind a Home Federal 1st mortgage.

**For rates and fees on loan amounts over $150,000 please contact us.

Please note we are currently only accepting applications for Home Equity loans where Home Federal Bank will retain the first mortgage.  If you have your first mortgage with another financial institution and would be interested in combining your existing mortgage with a new home equity loan, please contact us at the number above and we would be glad to help, or click the button below to learn about refinancing.

Refinance

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