Home Equity Loans
Whether you're looking for a new kitchen or to replace an old furnace, we have you covered.
Turn your home’s equity into financial flexibility. Our Home Equity Loans and Home Equity Lines of Credit (HELOCs) offer affordable ways to fund home improvements, consolidate high-interest debt, pay for education, or manage major expenses. With competitive rates, flexible terms, and personalized support, you’ll have everything you need to make confident borrowing decisions.
Whether you prefer the predictability of a fixed-rate loan or the ongoing access of a revolving line of credit, our lending team will help you choose the right option for your needs. Put the value of your home to work with lending solutions that prioritize convenience and financial empowerment.
Home Equity Loans
-
No equity installment.
-
No annual fees.
-
Can be used for home improvements and/or other major purchases.
*Loans up to 90% of your homes appraised value if SMBT holds your first mortgage, or 80% if with another lender.
Home Equity Line of Credit (HELOC)
WHAT IS A HELOC?
A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by the value of your home.
- No geographic restrictions of income limit.
- Loans up to 90% of your homes appraised value.
- Choose between variable and fixed rate structures.
- HELOC's often have a lower interest rate than other types of loans or credit cards. The interest paid may also be tax deductible (consult your tax advisor).