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Home Equity Loans

Bring Your Dreams to Life.

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Overview
Options
Rates & Terms
FAQ

Need to Finance Something Big? Your Home Can Help.

Westmark offers ideal options for financing large expenditures like home improvements, your child's education, or consolidating debt. With our flexible terms, competitive rates, and convenient online application process, it's easier than ever to tap into your home's equity.

No Origination Fees - Westmark does NOT charge origination, processing, or other fees on most home equity products.
Low Closing Costs - In most cases, Westmark will pay for the appraisal, title insurance, and other third party fees.
Flexible Options - Choose between a fixed rate Second Mortgage or a variable rate Home Equity Line of Credit.
Up to 90% LTV - Qualify for up to 90% of your home's value, less your first mortgage balance.
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Home Equity Options

Choose the option that works best for your needs—whether you prefer a fixed rate loan or the flexibility of a line of credit.

Second Mortgage

Make your home work for you. If you prefer a fixed rate on your home equity loan, a Second Mortgage is a great option. We offer flexible terms up to fifteen years at low, fixed rates with low closing costs and fast turnaround time.

  • Fixed Annual Percentage Rate (APR)
  • Terms from 60 to 180 months*
  • Predictable payment options
  • Up to 85% of home value (less first mortgage)
  • No origination, processing, or other fees
  • Third party fees may be paid by Westmark**
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VISA Home Equity

Westmark’s Home Equity VISA® gives you simple access to the value you’ve built — with no additional fees or surprise costs. If a variable rate fits your needs, it’s a flexible, convenient way to put your home’s equity to work for you.

  • No origination, processing, or annual fees
  • No draw fees
  • Access via VISA card, Call24, or Online Banking
  • Minimum credit line of $5,000
  • Variable APR based on U.S. Prime (4.0% min, 14.0% max)
  • 7-year draw period with renewal option
  • Low minimum payment: 1.5% of balance or $100
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Home Equity Rates & Terms

View our current home equity rates. All loans are subject to credit approval and secured by a Deed of Trust.

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Apply Now View All Rates Call 1-800-574-5626

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Home Equity FAQs

Common questions about second mortgages and home equity lines of credit.

A Second Mortgage is a fixed-rate loan with a set term (60 to 180 months) and predictable monthly payments—great if you need a specific amount upfront. A Home Equity Line of Credit (HELOC) is a variable-rate revolving line of credit that you can draw from as needed using a VISA card or online banking, ideal if you want flexibility to borrow over time.

You may qualify for up to 90% of your home's appraised value, minus your current first mortgage balance. The actual amount depends on your credit history, income, and the equity in your home. Contact a loan officer to discuss your specific situation and get an estimate of what you may qualify for.

Westmark does NOT charge origination, processing, or other lender fees on most home equity products. For loan amounts from $5,000 to $75,000, we also pay for the appraisal, title insurance, and other third party fees (subject to reimbursement if you pay off your loan within 36 months). Third party fees on loans exceeding $75,000 must be paid by the member. Our VISA Home Equity Line has no origination fees, no annual fees, and no draw fees.

You can use a home equity loan or line of credit for almost any purpose, including home improvements and renovations, college tuition and education expenses, debt consolidation, major purchases, medical expenses, vacations, or emergency funds. The funds are yours to use as you see fit.

With Westmark's VISA Home Equity Line, you receive a VISA card to access your credit line. You can also access funds through Call24 or Online Banking. Your APR will vary based on the U.S. Prime rate. You only pay interest on the amount you use, and your minimum payment is just 1.5% of the outstanding balance or $100, whichever is greater. You have draw privileges for seven years from the origination date, with an option for renewal. View current rates.

Yes! Westmark periodically offers special introductory rates on our Home Equity Line of Credit. After the introductory period, the rate reverts to the published variable rate. View current rates or call 1-800-574-5626 to learn about current promotions.

Disclosures

  • This loan is secured by a Deed of Trust and you may qualify for up to 90% of your home evaluation, less your first mortgage.
  • *Maximum loan term available is based upon the amount you borrow. Contact a loan officer for more details.
  • The actual loan amount and Loan-To-Value you qualify for may vary based on your credit and the amount of your first mortgage. All loans OAC (On Approved Credit).
  • **For loan amounts from $5,000 to $250,000, Westmark will pay for the appraisal fee, title insurance, and other third party fees associated with your loan, subject to your reimbursement to Westmark of these fees if you pay off your loan early (within 36 months). Third party fees on second mortgages exceeding $75,000 must be paid by the member. Contact a loan officer for more details.
  • VISA Home Equity: Your Annual Percentage Rate (APR) will vary based on the U.S. Prime rate with a minimum APR of 4.0% and a maximum APR of 14.0%. You have draw privileges for seven years from the origination date, with an option for renewal. Your low minimum payment is only 1.5% of the outstanding balance or $100, whichever is greater.
  • HELOC Promo: Fixed introductory rate of 4.99% good for 6 months or 5.99% for 12 months from date of origination. Rate reverts to the published variable rate at the conclusion of the introductory period. Promotion runs until 6/30/26. APR is the Annual Percentage Rate for new Home Equity Lines only.