Couple in a new home with a dog

Home Potential Equity

Home Potential Equity Loan & Line of Credit

If you’re like most homeowners, your house is more than just your greatest asset – it’s the greatest way for you to get the money you need for just about anything, including home improvement, a new car, debt consolidation, college expenses, or a dream vacation.

Enjoy competitive interest rates for greater savings and possible tax advantages (check with your tax advisor). FAST APPROVAL – Loans are typically approved within a few days with a completed application.

Home Potential Equity Loan

You make a one-time choice on the amount you would like to borrow, close on the loan, and receive a check for the amount you’ve chosen.

  • Borrow up to 100%* of the appraised value of your home (less the outstanding mortgage balance)
  • Options to borrow up to 125%* of the appraised value of your home for qualified home improvement projects**

Home Potential Equity Line of Credit (HELOC)

You only have to apply for one loan, but then you can tap into the money as often as you want over a period of years. Use it for big purchases, recurring costs, or whenever you run into a bit of a budget squeeze.

  • Borrow up to 100%* of the appraised value of your home (less the outstanding mortgage balance)
  • Easy access to your funds
  • Make payments only when you carry a balance

It’s easy to apply online, at a branch, or over the phone. You’ll need:

  • Most recent 30 days of pay stubs
  • Most recent 2 years of W-2 forms
  • Other documents may be requested after the initial analysis
All loans subject to approval
*The interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for Federal income tax purposes; and the consumer should consult a tax advisor for further information regarding the deductibility of interest and charges.
**See a Peoples mortgage lender for a list of qualified home improvement projects.