Compare Home Equity Loans

If you are looking to borrow against the equity in your home, then we have the right option for you.

  • Family sitting on steps. HELOC 6.00% APR 6-Month Intro Rate. 7.75% APR Adjusts to Qualified Rate.

    Home Equity Line of Credit

    A Home Equity Line of Credit (HELOC) allows homeowners to tap into the equity in their home to help make improvements, consolidate debt, add new space, or even pay for new adventures. Like a credit card, HELOCs offer the flexibility to borrow when you need to. 

    Apply now Learn more
  • Mother and son working on renovating a room

    Home Equity Loan

    A home equity loan is worth considering if you have a large one-time expense, or if you want to consolidate debt and focus on paying it off. It offers fixed rates and a steady repayment schedule for the life of the loan.

    Apply now Learn more

Learn About Home Equity

  • Which home equity loan is right for you?

    Home equity is the difference between your home's market value and the amount you owe on your mortgage. With a Horizon Bank Home Equity Line of Credit or Term Loan, you have flexible options to achieve your goals. You can renovate and improve your home, consolidate debt, finance education, and make major purchases.  Compare your options.

    Business Bill Pay

  • What about Payments?

    A Home Equity Line of Credit Loan works like a credit card that can be repeatedly used and repaid in monthly payments.  With a Home Equity Term Loan, you pay a fixed interest rate. One of the main benefits of a fixed rate is that whether interest rates rise or fall, your monthly payments won't be affected.

    Young family discussing financial planning

We're here to help.

If you can’t find what you’re looking for, let us know. We’re ready to help in person, online, or on the phone.

  • calculator icon
    Calculate your loan payment.
  • icon with checkmark
    Apply online within minutes.
  • icon that looks like a location finder
    Visit a branch.
  • phone icon
    Speak to an advisor.
Lady at laptop with papers

Document Checklist

When applying for a home equity loan, we will ask you to provide the documents that are required for us to make a decision on your loan application. We understand this can feel daunting. Our priority is to make it clear what is required, and to gather this information from you at one time allowing us to source the most appropriate mortgage options for your review, at the most competitive terms.

View document checklist

Make a loan payment.

  • mobile and desktop computer icon
    Pay Online

    Log in to online banking to make your payment from your Horizon account or from an external account outside Horizon.

  • Transfer funds pay bill icon
    Loan Pay Portal

    Make fast one-time payments using Horizon's self-service loan portal.
    (cannot be used for business payments)

  • icon that looks like a location finder
    Visit a Branch
    Stop by your nearest Horizon Bank branch to submit your payment in person.
  • Icon of an ATM
    Video Banking Location

    Use one of Horizon's Video Banking locations.  Video banking machines have extended hours and combine the service of a Horizon advisor with the convenience of an ATM. 

The web site you have selected is an external site not operated by Horizon Bank. This link is provided for convenience and informational purposes only and Horizon does not endorse and is not responsible for the content links, privacy policy or security policy of this website or app you are about to visit.  Horizon Bank is not responsible for (and does not provide) any products, services or content for this third-party site or app, except for products and services that explicitly carry the Horizon Bank name. Click Proceed to continue or Cancel to go back.

Home Equity FAQs

What is home equity?

Your Home Equity is the difference between your home's value and the mortgage balance on your home is usually a percentage of your home's appraised value, subtracting any balance owed on your existing mortgage. Your home serves as collateral against this form of revolving credit for the loan or line of credit.

Two woman talking

Request a call from an advisor.

APR Disclosure


*Introductory APR (Annual Percentage Rate) will be fixed at 6.00% APR for the first 6 months for those lines with up to 89.9% loan to value (LTV). Thereafter, the rate may vary. The rate is based on credit score, LTV and Prime Rate + 0.25%. The Prime Rate equals the highest Wall Street Journal (WSJ) prime rate as published in the WSJ effective the date the 6-month introductory period expires. WSJ prime rate effective 12/19/2024 is 7.50% APR. Example: credit score of 730+ and LTV of 70% or less will have a rate of 7.75% as of date of publication following the introductory period. Maximum rate is 25%. APR will not fall below a floor of 3.25%. Annual fee is $50, waived for first year. Reimbursement fee up to $399 applies if line is closed within the first 36 months. Subject to credit approval. Other terms and conditions may apply and are subject to change without notice. Introductory rate not available on home equity lines of credit opened within the last 12 months unless line amount is increased and a 25% advance is taken at funding. The 25% advance does not include the payoff disbursement. Offer expires March 31, 2025.

Sensible Advice