Happy Family with new home

For those large one-time purchases, you may want to consider a Fixed Rate Second Mortgage Loan. This loan option lets you lock in an affordable fixed rate for up to 20 years. Since the loan is secured by your home's equity, the interest you pay may be tax deductible. Consult with your tax advisor for details.


  • Lock in affordable fixed rate
  • Interest paid may be tax deductible - (consult your tax advisor)

View Current Rates

Effective Date: Sunday, July 14, 2024

Fixed Rate Home Equity

ProductCLTVLoan Amount5 yrs10 yrs15 yrs20 yrs
Fixed Rate Second Mortgage<= 80%$50,000 - $150,0008.50%9.70%9.95%10.25%
Fixed Rate Second Mortgage<= 80%$25,000 - $49,9998.74%9.95%10.20%10.50%
Fixed Rate Second Mortgage<= 80%$10,000 - $24,9998.94%10.20%10.45%10.75%

*APR=Annual Percentage Rate. Rates are subject to change at any time.

Second Mortgage Loan: Once established, the APR is fixed for the term of the loan. Stated rates may change at any time. Loan terms are 5, 10, 15, and 20 years. Minimum payment $200. Minimum credit score 680 for Combined Loan to Value (CLTV) over 80%.  Credit score adjustments for credit score of 650-699 add 0.25% and credit score below 650 add 0.75%.

For all home equity/second mortgage products, credit lines or loan amounts are available up to $150,000. Property insurance is required. Flood insurance may be required. Consult your tax advisor about the deductibility of interest. Borrower is responsible for all closing cost fees. Closing costs are collected prior to funding Fixed Rate Second Mortgages.

Valid for owner occupied single family, townhomes, condominiums up to 90% LTV.  Valid for owner occupied 2-4 unit and second homes up to 80% LTV.  Valid for non-owner occupied one unit and condominium up to 70% LTV. Available in IL, WI, CA, IN and AZ.