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Home Equity Loansmore than four walls

Your goals are unique and so are the home equity solutions we offer.

Home is where the heart is

The equity in your home can be used for more than home improvements. Consolidate debt, go on vacation, purchase a vehicle, pay for college expenses and more! We even have an option where no equity is required! We know, it’s pretty awesome.

Prospera home equity loan options

See what the best option for you is below and apply online when you’re ready.

Home Equity Loan

Have a specific need in mind and know exactly how much you need? A Home Equity Loan is likely the right choice for you – a loan with a fixed payment and fixed term.

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Home Equity Line of Credit

Maybe you have a need in mind but you’re just not sure how much money it will take. The Line of Credit is a convenient choice since you can continually advance funds within an established limit without reapplying for the loan. It provides that extra bit of flexibility since we know not all projects go exactly as planned.

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Homeowner Multipurpose Loan

Here’s that loan we mentioned above where equity is not required! This also comes with an option for a lump sum with a fixed payment and term, but wait, we don’t stop there. We also offer an option for a line of credit to provide flexibility. No, we’re not kidding!

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All Prospera home equity loans include:

  • Competitive rates
  • Free 24-hour online, mobile and telephone account access, eStatements, Text Banking, and eAlerts
  • Optional Payment protection (your payment is covered in the unlikely event you become sick or injured)

Home Equity Line of Credit Rates

Apply For Home Equity Line of Credit
LOAN TYPE APR1 (as low as ) TERM
LOAN TYPE: 80% LTV or lessAPR1 (as low as ): 1.99%TERM: 12 month Fixed Intro Rate2
LOAN TYPE: APR1 (as low as ): 3.25%TERM: Then variable rate as low as 2
LOAN TYPE: 80% LTV or lessAPR1 (as low as ): 4.00%TERM: 5 year Intro Rate3
LOAN TYPE: APR1 (as low as ): 4.00%TERM: Then Variable rate as low as3
LOAN TYPE: Up to 90% LTVAPR1 (as low as ): 5.25%TERM: Variable rate as low as 4
LOAN TYPE: Up to 100% LTV or lessAPR1 (as low as ): 8.25%TERM: Variable rate as low as 5

1APR = Annual Percentage Rate

2After the 12 month introductory period, the rate is indexed to The Wall Street Journal Prime. APR is subject to change monthly but cannot exceed 18%. During the introductory and 10 year draw period, the minimum monthly payment will be (a) $50 or (b) the accrued interest on the outstanding balance under the agreement as of the close of the billing cycle, whichever is greater.

3After 5 year introductory period, the rate is indexed to The Wall Street Journal Prime. APR is subject to change monthly but cannot exceed 18% and never falls below 4%. During the introductory period, the minimum monthly payment will be (a) $50 or (b) 1%outstanding balance under the agreement as of the close of the billing cycle, whichever is greater.

For informational purposes only. Not intended for advertisement of credit. Rates based on your account relationship and credit score.

4The rate is indexed to The Wall Street Journal Prime. APR is subject to change monthly but cannot exceed 18% and never falls below 5%. Minimum monthly payment will be (a) $50 or (b) 1.5% outstanding balance under the agreement as of the close of the billing cycle, whichever is greater.

5The rate is indexed to The Wall Street Journal Prime. APR is subject to change monthly but cannot exceed 18% and never falls below 8%. Minimum monthly payment will be (a) $50 or (b) 1.5% outstanding balance under the agreement as of the close of the billing cycle, whichever is greater.

Rates as of 07/01/2021 at 10:22 AM. Subject to change without notice.

Home Equity Loan Rates

Apply For a Home Equity Loan
LOAN TYPE APR1 (as low as) PAYMENT PER $1000 TERM
LOAN TYPE: 80% LTV or less2APR1 (as low as): 3.00%PAYMENT PER $1000: $17.97TERM: 5 year
LOAN TYPE: 80% LTV or less2APR1 (as low as): 3.86%PAYMENT PER $1000: $18.36TERM: 5/ARM2
LOAN TYPE: 80% LTV or less 3APR1 (as low as): 2.50%PAYMENT PER $1000: $9.43TERM: 10 year
LOAN TYPE: 80% LTV or less3APR1 (as low as): 2.75%PAYMENT PER $1000: $6.79TERM: 15 year
LOAN TYPE: Up to 90% LTV APR1 (as low as): 4.75%PAYMENT PER $1000: $18.76TERM: 5 year
LOAN TYPE: Up to 100% LTV APR1 (as low as): 7.75%PAYMENT PER $1000: $20.17TERM: 5 year

1APR = Annual Percentage Rate
280% LTV or less rate is variable to prime monthly as published in Wall Street Journal.
Payment is 1% of the outstanding balance as of last advance.
For informational purposes only. Not intended for advertisement of credit. Rates based on your account relationship and credit score.

3 New money minimum $20,000.

Rates as of 07/08/2021 at 9:43 AM. Subject to change without notice.

Homeowner Multipurpose Loan

Apply for a Homeowner M/P Loan
LOAN TYPE APR1 (as low as) PAYMENT PER $1000.00 TERM
LOAN TYPE: Installment (Lump Sum)APR1 (as low as): 7.24%2PAYMENT PER $1000.00: $15.22TERM: Up to 84 Months3
LOAN TYPE: Personal Line of Credit3APR1 (as low as): 7.25%2PAYMENT PER $1000.00: Payment is 1.5% of outstanding balanceTERM: Variable Line of Credit3

1APR = Annual Percentage Rate
2Rate is Prime plus 4%.
3Term is based on loan amount.
For informational purposes only. Not intended for advertisement of credit. Rates based on your account relationship and credit score.

Rates as of 07/01/2021 at 10:22 AM. Subject to change without notice.

Apply for a Prospera Home Equity Loan Today

Your goals are unique and so are the home equity solutions we offer.

Apply For Home Equity Loan

Choose the home equity loan type that's right for you and get started.

¹ APR = Annual Percentage Rate