Overview
Home Equity Loans & HELOCs
Your home may be your biggest asset — and FSCB can help you access its equity for renovations, debt consolidation, education, or any major expense. Choose between a fixed-rate Home Equity Loan (lump sum) or a flexible Home Equity Line of Credit (HELOC).
Common uses
Home renovations
Debt consolidation
College tuition
Major medical expenses
Emergency fund
Investment opportunity
Business startup costs
Dream vacation
Why FSCB
What sets our loans apart
Borrow Up to 85% LTV
Access up to 85% of your home's appraised value minus your existing mortgage balance.
Fixed-Rate Home Equity Loan
Receive a lump sum with a fixed interest rate and predictable monthly payment for the life of the loan.
HELOC — Draw as You Need
A revolving credit line you draw from when needed. Pay interest only on what you use during the draw period.
Potential Tax Deduction
Interest on home equity loans used for home improvements may be tax-deductible. Consult your tax advisor.
No Closing Costs on Select Loans
Qualifying home equity loans include a no-closing-cost option — saving you thousands upfront.
Local Appraisal Team
FSCB uses trusted local appraisers for faster turnaround and fair market value assessments.
Rates & Terms
Illustrative rate guide
* APR shown is illustrative and varies based on creditworthiness, term, and loan type. Contact FSCB for your personalized rate.
Process
How to apply
1
Apply and Estimate Your Equity
We'll calculate your available equity based on your home's value and existing mortgage balance.
2
Home Appraisal
A local appraiser determines the current market value of your home — usually within 1–2 weeks.
3
Close and Access Funds
After approval, attend a brief closing and access your funds — typically within 3 business days.
FAQ
Common questions
What is the difference between a Home Equity Loan and a HELOC?
A Home Equity Loan gives you a lump sum at a fixed rate. A HELOC is a revolving credit line with a variable rate — you draw from it as needed during the draw period.
How much can I borrow?
Most borrowers can access up to 85% of their home's appraised value minus any outstanding mortgage balance. Exact amounts depend on your credit profile and income.
How long does the process take?
From application to closing typically takes 3–5 weeks depending on appraisal scheduling and loan complexity.
What happens if I sell my home while I have a home equity loan?
The loan balance must be repaid from the sale proceeds at closing, just like your first mortgage.
Ready to apply?
Local decisions from people who know your community and want you to succeed.